Looking to get funding for our first deal.We've heard about Lima Capitol at the beginning of podcast #167. What we want to do is get the pre-approval out of the way first so we can look at and make an offer on a renta...
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Ok. I Recently closed my 1st deal on 2 SFH's with a conventional loan. I wanted to transfer the properties into an LLC but my attorney says that technically it's against the clauses in my loan to transfer the loan to ...
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Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
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Just wanted to introduce myself here! I've been lurking, reading, planning and cannot say enough about how impressed I am with BP, the information available and most importantly- how genuinely everyone on here wants e...
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I plan to buy a rental property with cash from personal assets (stock market) and I plan to have the title held in an s-corp, for liability protection. Is there liability protection value in having the s-corp borrow...
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Apparently since 2012 it has not been necessary to prepare 1099-MISC's related to rental activity unless the activity is a trade or business. See this article:
www.taxcpe.com/blogs/news/1099...
What do you think - ...
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Hello,We are looking for Real Estate Attorney and/or CPA to consult about best practices for buying and managing investment properties. A little of our background.We are located in North California. We owned one inves...
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Hey everyone,
I have a house that I bought last year for a buy and hold investment, and I'm going to purchase one this year with the same investment goal in mind. I was looking into when I should establish a ...
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Hello Everyone, First post here on bigger pockets! Any advice is much appreciated. Little backstory: I bought two 4-plexes at the end of last year. Way in over my head. My girlfriend and son have been helping with all...
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Hello - newbie here,I'm a single high income earner so have very limited tax benefits for real estate investing and know that I cannot become an IRS recognized real estate professional while I have my W2 job. I plan t...