Chase Keller
Purchase the property or the LLC that holds the property...
Does anyone have any experience or insight on purchasing an LLC that holds property, as apposed to just purchasing the property in the LLC? Any benefits or drawbacks?I am looking at a couple opportunities; one that h...
Avi Srimani
Advise requested
Hi,
I am looking at a four plex. I asked for Schedule E. I got for three years.
Last year shows as follows:
Rental Income : 20,000
Rental Expense 20,600
Depreciation 6000
Rental Loss 6000
Last three year the fi...
Account Closed
finding out who holds the mortgage?
Id like to help pay off a friend of mines mortgage without them finding out... Im into anonymous charity. plus they have refused me just giving them the money in the past. how would I go about finding out who holds th...
Kirby Allen
How do you insure your rentals? Cash value or loan value?
Closing on your first two rental properties today and having questions about the insurance. Our agent is quoting one house with a cash value of 55k and the second with a cash value of 45k. We have 41k in the deal. H...
Nicolas Blish
Deal Fell Through- Shortsale to Follow?
Hello Fellow Investors,Share your similar stories below and help me figure out if I can continue chasing the house or if the deal is gone!Background, flooded house has been gutted and treated. Listed for sale as is. ...
Joshua Dorkin
Credit Line Cut? Credit Card Closed? Tell Us About it.
Two weeks ago I was informed that my Chase credit card, a card I've had for around 15 years, was closed. I was told that I don't use the card enough and that I was "costing Chase money." I'm sure my FICO will be neg...
Jack Chase
HELOC vs Cash-out Refi for Rental Property?
Hello all, I'm looking to pick up a rental property and am weighing the options between using a HELOC or a cash-out refinance of my primary residence and looking for experienced opinions.I just did a cash-out refi in...
Sujaina Jain
Foreclosure listings in Chicago
Hi,
Any recommendations on how to find foreclosure properties in Chicago land area?
Michell Chase
Alot on information on offsetting W-2 income but not much on 1099-R income...
I am currently drinking from a fire house on everything investment real estate. Closing on my first investment duplex this week and looking for my 2nd. I hear a lot about ways to 'off set' your W-2 income etc.. I...
Ryan Moses
Are we seeing the last of short sales?
One of the incentives of a short sale was that you got a tax break based on an act passed by Congress in 2007.
Short sales are classified as debt forgiveness, therefore in a normal situation homeowners would have t...