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Hi All,I am asking this question on behalf of my Mom. Last Year my grandma died and left her home (worth 2 million) as an inheritance in a trust for my mom and her brother. My mother personally took care of my grandmo...
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Hi all,I am hoping to get into the world of hard money / private lending using my Solo 401k and had a few questions.1. I have approx. $120k in my Solo 401k but the deal that I am planning to fund needs about $180k. Is...
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I have a quick question on tax deductions. Today I was at my Business Finance Course and we were talking about TAXES; my professor who shall remain nameless mentioned that "only ~1% of all taxes filed are ever audited...
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Well, it's tax season and tax SALE season. This is my first year entering the tax sale fray and I was really nervous. I spoke to friends and read online. I even tried to find a book on Amazon (for Alabama, don't bo...
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This has been asked a few times on this forum before, but I want to get fresh knowledge or experience: When you wholesale in PA, do you have to go through a double close, thus deal with a double transfer tax? This is ...
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I am working on making an offer on my first real estate deal, the plan is to flip the house. I know the profits will be taxed as regular income, and I am trying to figure out if what I am thinking okay. . . Unoffici...
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I just started out investing in real estate. Until now, my assets have been simple: paycheck comes in, bills go out, throw some into savings.
Now, I have a primary that I'm using as a rental, have done a cash loan (...
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Hi. I am a foreigner living in Europe, but wanting to invest in multifamily in the US. I have been looking into the many advantages to buying the entity (the LLC) instead of the property itself. This would serve me in...
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I've come across a highly motivated seller, who has a very nice duplex with $100K in equity right now. Needs no repairs, is in a great location, and is a killer deal.The seller owes back taxes, and those can be paid o...
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I just closed escrow for our first short term vacation rental property. Should I set up an LLC or do I just operate as a Sole Proprietorships? Need your expert advise please. Thank you.