Alvin P.
Out-of-Country Investor
Hi everyone! I'm an out-of-country investor looking at getting into rental properties, and I'm very excited to get started. I'm looking at Little Rock, Memphis, and Houston. I've been reading through the posts on this...
Mark Holman
LLC, S Corp, C Corp etc etc
Hey anyone know what really would be the best form of security when it comes to applying for a paticular corporation or LLc or whatever. I'd like to know I have security and tax advantages in place. Solo business owne...
Andrew Yu
Responsible Party Name and Tax ID on SS-4 for My IRA LLC
I have an IRA account with uDirect IRA. Later I realized it doesn't allow account holders to sell what they don't own. So I can't do wholesaling with my IRA account. I decided to create my IRA owned single member LLC,...
Mike Mitchell
How to make a zero interest rate note sizzle!
I have found a note with a upb of 28,500, zero % interest, with 114 payments of $250 remaining. A note at zero % interest is unenforceable in Texas and the note cannot be purchased as it is. I offered $13,636.35 w...
Alex Bekeza
Guy down the street goes to jail for $billion RE scam (SOCAL)
We used to see these guys in the same restaurants we'd hit on our lunch breaks on Ventura Blvd. Remain diligent on where your money is going!https://www.latimes.com/business/la-fi-shapiro-woodbridge-ponzi-arrested-20...
Travis Evenson
Debt to Income is too high
I am currently investing in CA and live in Texas and would like to start investing in OH. My issue is that my debt to income is too high to secure another conventional loan. I have a friend that will invest with me bu...
Nathan P Tanner
Entity structuring, advice on how I might set up my bussiness
Hi everyone my name is Nate, I am in the beginning stages of my RE investing. My first deal is coming fast and I’m looking into businesses structures. I will definitely be choosing a credible CPA to help me with thi...
John Brackett
Live Deal - Need Alternative Strategies
Tax Question (two scenarios) - Question builds so please read all three bullet points and provide feedback:
1) Capital Gain – seller purchases a property for 40K. 20 years later property is fully depreciated and se...
Miguel Feliciano
Multi-Member LLC Taxation
I recently filed for an LLC with the state of Florida that includes myself and two others.When filing for an EIN, if I choose to be taxed as an S Corp (form 2553); will my LLC become an S Corp or remain as an LLC with...
John Wolf
Minimizing Taxes using Equity in Rental Property
I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...