Hi everyone. so I have some questions about a home that I want to buy. It’s kind of a unique situation because it’s my sisters home, but she passed away without having a will. The home is currently in probate. I have...
Hello BP,I am considering partnering with an individual who is bringing me a deal (apartment complex).However, he told me that he is being audited by IRS. Is this a deal breaker for me?I am concerned that IRS can go a...
I inherited a home from my dad in Austin , Tx . And would like to rent it or live in it while i fix it up.I am trying to figure out the best way to go about figuring the cost basis . I would assume that I would want t...
My girlfriend and I both have W2 jobs, and just bought our first investment property out of state.Shortly after, we created a LLC and plan on filing it as a S Corp. The property is not within the LLC. The property has...
Hello all,I'd really appreciate a few thoughts from this amazing community. I'm in need of some help on the best way to manage the rehab costs of a new property within a three-person LLC/partnership. This is the first...
I have a single member LLC with a S-corp designation that I use for flipping. I am planning to keep one of the recent acquisitions which I bought using hard money. What will be the tax consequences if I refi this prop...
The main reason why investors prefer real estate syndication is access and time to deal flow. Not everyone has time to search for deals and underwrite hundreds of properties to find the perfect property. Instead they ...
I own a property in NC and I have a S Corp set up in Nevada. I'd like to acquire the property in under my S-corp to provide me the protection of the corporate vail. Also take advantages of some more tax write offs...
So this weekend I met an interesting guy who is working on some pretty big commercial deals. He's got a couple of syndicated deals in the works looking mostly at rehab and resells.
I've got a guy who is an ...