Anyone have any tips for closing on flips as scheduled so that you can get contractors lined up and scheduled to start the day after close and not have to reschedule all the time?Seems I constantly have my closings pu...

Hi people . This is my first year with my rental i want to do taxes  i want to know if is  t he schedule E form or schedule c. Also want to ask . I removed the kitchen also the roof I paint the whole house i did the j...

Scheduling viewings on rental properties and not having a prospective applicant show up is a pretty big problem for me. In my latest round of rental turnovers I averaged over 50% NO SHOWs. Of 8 appointments I had sche...

I recently moved one of my rental properties into an LLC to protect my personal assets.  When I filed my taxes, my tax agent said that I must file a 1040C for the LLC and that the 1040C does not protect my personal as...

For tax filing, where would expenses associated with a wraparound mortgage be reported? On Schedule A? Some examples would be interest paid to the underlying lender, note processing fees etc.

Thanks,
Angie

I've been in the process of purchasing a duplex and all along the seller's agent has been pretty much unresponsive to mine. Last week we sent an addendum to extend the mortgage contingency because it's been difficult ...

I started an LLC in late 2018 as a domestic partnership between my mom and I. When we opened it, we got the EIN and notice from the IRS about filing form 1065, which is standard. Fast forward to tax time, we own anoth...

Hello everyone,

I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I boug...

I own a LLC(100% sole owner). LLC has been registered for real estate renting. This LLC owns a commercial property which is having a net income of $1000/mo today. Can I buy a new home in this LLC(bank willing to provi...

I'm trying to get a purchase loan to occupy a single family house but because I'm a self employed real estate investor, I haven't been able to get banks to lend. I have a great credit score and can put a lot of money ...