Pat Reilly
What is the IRS definition of a flip
I'm unclear on this and have not found a definitive answer through google searches. The IRS allows you to buy real estate with your IRA, with some very specific rules for doing this. However there is one rule which ...
Samson Taylor
Transferring property into your business TEXAS
If I were to purchase a mobile home from a private seller and I as a private buyer. Can I then at a later date transfer the mobile home over to my newly created LLC?
Jacob Weaver
Leasehold Estate with Lease Option
Hello All,I am working on taking control of a duplex using a long term lease option. The current rents are below market value and I plan on raising rents up to market value to add equity to the property while it is un...
Steven Britton
Tax Lien Investing in King / Snohomish Counties - WA
Rookie here; This is the next thing I'd like to start learning - I've got some cash I'm not planning on using for 3-5 years. Can someone either call / email / consult / show / share where to get started with this. I r...
Victor Baronich
Real Estate Professional Tax Status question
I have my rentals set up in a C corp. I also own another C Corp business which I receive a w-2 from. I would like to raise my income on the non-real estate business, but want to have the REP tax status first to cut ...
Roberta Marcos Marcos
Taxes - Not a RE Professional
Hi all,
We just backed out of purchasing our first investment property as it needed a new roof (per the property inspector and 3 roofers) and he refused to submit an insurance claim (saying the roof has 10 more years...
Lamont B.
Need to find holder of ground ren in Baltimore, MD
Afternoon BP,I finally landed a contract, but the deal may not go through due to the property having ground rent on the title - my HML will only finance the loan if we can purchase the property; in addition to the la...
Andreas W.
Basic question to conventional financing
For calculating cash returns, I am wondering if the lender finances let's say 80% of the purchase price or 80% of the (purchase price minus the earnest money). Or will the earnest money get used to pay my closing c...
Jennifer Hashisaki
Reducing or Eliminating U.S. Taxes for Foreign Property Owners
Now is perhaps a better time than ever to invest in U.S. real estate for both income and long-term appreciation. However, as can be expected, the U.S. seeks to tax the appreciation on these properties when they are so...
Abdenour Achab
Can I keep my name out of the grantee section in a deed?
I, Sam Zell (not my real name), am the sole member of ABCDE, LLC, a New Mexico LLC with address 123 Spruce Street, Sante Fe, NM. I want ABCDE to acquire title to a real property in Arizona. On the deed, who should the...