Joe Lijoi
Tax treatment of LLC with no income but expenses
Hi all!
My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet. My question is can I use the expenses incurred on the project as deductions even though there ...
Yvette Velasquez
Can i qualify for mortgage using IRA/401K if not retirement age?
New to investing in real estate, and want to buy an investment property. I am recently self employed so I do not have W2 income to show. Have HELOC to use as down payment, great credit, and a good amount in my IRA. A...
Lawrence Smith
BUYING WHOLESALED PROPERTIES OR AUCTIONED PROPERTIES
OK, so I am a fairly new investor from Washington, DC an I am realizing that most of the worthwhile deals in the city are auctioned properties or wholesaled deals which require "ALL CASH" offers. Since I am fairly ne...
Chris M.
Crumbling particleboard under countertops
Hi all,
I'd like some advice on a place that I'm currently zipping up with a tenant likely to move in Nov 1st.
The kitchen is original and the condo was built in 1983. So lots of fake wood laminate and particleboard...
Ananth Subramanian
Post eviction: Collecting Judgment amount
Hello, I was able to finally evict my tenant. To all those stress I had to go through during this process the only consoling factor is the judgment amount I got through the Justice of the Peace Court. Wha...
Josh Rich
Setting Up Solo 401k
Today I'm working on taxes and finalizing my Solo 401k set up, yes tons of fun...not my favorite way to spend a sunny 75 degree Saturday in San Diego!
That said, I need some guidance on next steps.
Step...
Shawn C.
Solo 401k
Hi BP. I am an full time employee and hold a real estate license on the side. I have one sfr that I'm holding with plenty of equity but it is under long term lease agreement and I don't want to leverage HELOC as I in...
Devon Harris
Vacation home Loans- 10-15% down vs. DSCR
Hello Bigger pockets members. Anyone have advice on mortgage lenders that provide 90%LTV in Ms for a vacation home loan?
Tom McGiveron
Land Wholesale
we signed an assignment contract for vacant lot in Lago Vista Texas. contract was signed in end of july with the assignor saying it would be a quick closing.
okay, we're going into september. this is for one lot....
Rolando Rivera
Newbie from Houston, Tx
My name is Rolando, I am 28 years old. I started listening to BiggerPockets podcast in October. I am planning on house hacking. I already saved enough for a down payment, and been pre approved. I am currently in the p...