Carson Wilcox
Starting out... help me understand the tax man
So. I am starting out, working on a deal right now where I will partner as a JV on a SFH with an experienced investor. At the end of any flips we do, I will get a check and a 1099 at year end...What I want to know i...
Andrew Vincent
Using Business Revenue to invest in real estate
I am a complete beginner for real estate investing, but I have lots of interest in starting my path to financial freedom. I current work with my Father who also wants to invest in real estate and we have thought of th...
Vincent Phan
renting out current primary resident - tax incentive
Hi all,
Do anyone know if there's tax incentive when it comes to renting out your primary resident? We lived in for 3 years and already done all the remodeling. Now we need to upgrade to bigger house due to growing f...
Philip Olivier
Where should I get a CPA?
I moved to Pensacola, Fl about 6 months ago for work. I live here now and work here full time. Although, my company is headquartered out of New Orleans, I still have a homestead on a property in New Orleans, and also ...
Mark Erhart
Best way to use equity on seller financed properties?
Hello,In late 2019 I bought out my parents 3 rental properties (5 units) through 5% down payment, seller financing with a 3% interest rate! It was mismanaged at the time and we renovated 3 of the units and raised the ...
Alik Levin
Grouping election Regs. Sec. 1.469-9(g) - sample text
Dear all,Any of you have done multiple rental properties grouping election as per Regs. Sec. 1.469-9(g)?If so, care to share sample text of the letter you sent to IRS? Or point me to proper resources? I don't believe ...
Cathy Chang
Renovate before or after turn the primary property into a rental
Hi, BPers,I plan to turn my current primary property into a rental one within one year. Right now it has 2 bedrooms, after it becomes a rental, I want to renovate it to 3 bedrooms. Should I renovate before or after I ...
Jonathan Smith
Live in flips with investors
If you do a live in flip with an investor, how do you account for the taxes when you sell the property and the profits that you will send the investor. What I was thinking is that the I would have to pay the capital ...
Lisa Gossett
Tracking water bill payments
How do you know if your tenants are paying the water bill on time when you own multiple properties? I have a copy of the bill sent to me each billing period but I dont know if they are behind until the next bill comes...
Norman Berman
Where should my lender be located for OOS loans?
Hi folks,
I'm researching out-of-state multi-family properties for a buy-and-hold strategy. I plan to leverage my investments.
Since I'm planning to invest out of state, does it matter where my lender is located? Sh...