Adam Frantz
LLC funding for first property
I know that there have been a lot of posts about whether or not to use an LLC or not for REI. This is not a post about that. We have settled on doing an LLC. However, I have heard a few times on the podcast and in boo...
Paul Clements
Tax question on selling principal residence
Hello,I've lived in a home for 20 years (it's a 50 year old, 1200 sq ft modular home that has very dated decor, drop ceiling, and in fair condition) and it's currently listed for sale. It's paid off. I have an offer f...
William Eric Schaefer
Thoughts on 8 Unit Apartment Building
Hey guys I am looking for some advice (Funding ideas, rehab ideas, etc.) on this potential deal I have identified where I live. Some background on myself I am a new investor from Birmingham, Alabama I am also a United...
Dan Gongora
Incorporating to Llc
Good afternoon everyone,
My name is Dan. I currently own a 2 unit flat under my name and renting one of the units. I plan on purchasing my next property this year by doing a cash out refinance to conventional loan on...
Timothy Metra
Will multiple LLC's protect me if the worst comes?
This may seem like a new question, but I couldn't find a specific answer on older posts. Sorry if I missed it.Anyways, if I have 3 separate LLC's and one fails, will the other 2 be protected?Example:LLC 1: Worth $45,0...
Brandon Turner
Self Employment Tax on Rental Income held in an LLC?
Any tax pro's out there?
If I own a LLC that owns an apartment building, do I have to pay self employment taxes on the cashflow each month? I know normally passive income does not get taxed with self employment, but...
Maher Bateh
Capital gains TAX
I am nearing the finishing touches on my 1st flip and wanted to know how much capital gains tax I will be paying? I purchased the home through the county auction in March? What % will I be required to pay?
Note - Thi...
Kate B.
Taking out a loan on property I bought with cash
I now own three properties, the last two purchased with cash and the first has a paid off mortgage. The first was my primary and the next was my second home and the third is a multi family and I live on the first fl...
Lee Ali
The Fallacy of the Necessity of Down Payment.
Banks have led a great many people to believe that the mortgage mess exists because too many loans were given at or around 100% LTV.
That is hogwash spread by banks because the...
Deborah Burian
Structure Multiple LLCs
When we formed our first company, about 10 years ago, we chose an LLC format and that has worked out fine. We carry umbrella liability on the LLC and each property is added to the policy as they are purchased.
Base...