Scenario: I own a land parcel in my self directed Roth IRA (let's say valued at $50k), and have a small amount of additional funds ($25k) in the Roth account. We plan to build a home and sell (construction budget $250...
I'm negotiating on a particular property that doesn't have a lot in the way of comps...so I'm trying to price it based on income. 2.5 acres along a major road in West Houston/Katy area. 3 components on property bring...
I'm setting up my first bank account for REI. I have my LLC. I went to create a bank account for the LLC. I was asked what kind of business - I said real estate investing. Several more questions later I was ask fo...
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
As the title says I'm working on putting together a flip criteria for myself and figuring out the type of properties I'm interested in and the type or issues that I walk away from.We only buy our properties from aucti...
I have my first meeting next week with a real estate attorney to discuss venturing into wholesaling. Naturally I will be asking lots of questions, but want input from you guys in case I am missing something. What do I...
So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. This will be for my excellent service as a lan...
I currently own 2 long term rentals. Closing on a 3rd rental mid February. I've decided to start a side hustle involving wood fire pizzas. I bought a mobile oven trailer that can cater and be a food vendor for various...
Can I add a partner to a 1031 exchange? I am doing a 1031 into a new investment property and want to add my business partner. is that possible?
Also - another 1031 questions.....if I did a considerable amount o...