Guy's I'm in class currently to get my realtors license. However, I'm starting to have second thoughts on the benefits to this as an investor; specifically a flipper. The primary reasons I wanted my license was to get...
I’m working out off market deal with seller that is worry about capital tax gain (NY). However his odd situation might plays on his favor.. some background: He owns the place since 1990 (bought for $14k). Lived at the...
Hey all!My father has recently passed away leaving his modest portfolio to my two brothers and I. All of the properties are paid off, however due to the recent passing of Prop 19 we are unsure of how the tax burden wi...
I purchased a property in Portland, Oregon in 2013 and lived there for about a year. I moved during 2014 to California where I now reside. I've kept the property as a rental since moving. The rent covers the mortgage...
My father owns (3) 2 family units. Son and daughter manage the properties. He does not want to deal with the properties anymore and wants to transfer them to our name. Im not sure if that's a good idea. Son and daught...
I currently own a property in an LLC and a separate rental in my own name. I am planning on selling the property i own with my LLC and doing a 1031 to purchase another property. However, I was wondering if when I buy ...
Hello Everyone!I plan on selling my single family home and purchasing a two family home in order to help with expenses. I purchased my home for $340 and it is now worth about $400. Do I need to invest on a property th...
I have a friend that asked me some questions about forming and putting property into an LLC and I couldn't answer them. So I thought I would ask them here.
Is it possible to setup the LLC so that two people have 50%...
Hi,I have numerous rentals and rehab them as an owner /builder and do a lot of the work myself but also hire out some of the work. To protect myself I am thinking about making an LLC only for operating the rehabs and ...
Hi all! last year I got married and rented out my condo that I had lived in since 2011. For the last year we have been renting it out. At this time we would like to sale, however I’m wondering if we would still be eli...