Andrew DeWeerd
Can a multi-member LLC collect rent and claim taxes on...
Can a multi-member LLC (filing taxes as a S-corp), collect rent and claim taxes on a property (as if the property WERE in it's name) when the deed is under one of the LLC co-owning members personal names? This questi...
H. Jack Miller
What can go wrong with Subject to Investing
Seems a lot can go wrong with this and I wanted to speak with existing investors and see what has gone wrong with this in the past and how have then fixed it.
Sarah Jones
Subject To Purchase ... How To Guide
I'm in Los Angeles, CA trying to get a subject to done. I was wondering what are all the forms I need the seller to sign. I know i have to get a title company to check the title before I close but what are all the for...
Ki Lee
Refi and LLC for BRRRR?
When using BRRRR, if I acquire the property using LLC, I’d have trouble refinancing... I’d imagine that we’d have to get the property under personal name and then refinance. From acquiring the property to rehabbing ...
Keith Groshans
Keep Idle Cash Working in SDIRA
My preferred investment in my SDIRA is mortgage notes. The monthly payments are great, but the issue I am running into is what to do with idle cash. My custodian does not have a money market or similar sweep account t...
Joe Pitrolo
Tax Questions Notes, L/O
If you sell a mobile home on a note, let's say you have $3k in the property and you collect $1k down and a not for $6,500, sales price is $7.500, do you pay the complete sales tax immediately or wait till the note is ...
Amber Straub
Placing properties into new corporations
Hey there, Looking for some experienced advice. I am currently house hacking multi families and am working on my next purchase.
I have obtained an accountant and he suggested I create a corporation to quick claim de...
Rohit Dhing
Sales proceed from LLC property
Hello, have a basic question. My rental property is under LLC and is under contract. Can the sales proceed be deposited into my personal account vs LLC checking account? The rational is use the proceed to purchase ano...
Aaron Guscott
Credit Cards for Renovations
Hey guys! I'm in Redding CA and just bought a duplex. I'm trying to find a good credit card for about 10k of renovations. To get a higher limit, do I need to start a business or how have people funded minor renovation...
Erin Estes
How to move out of my personal residence and keep it as a rental and purchase next house
"Property A" is my single family home that my family lives in. We bought it HUD owned in January 2013 with a VA and it has a 3.125% interest rate. It's also got about $60,000 +/- worth of equity in it. I could rent...