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Hello, Of late I have started looking at my tax situation in retirement. I have ideas in my head but I am not finding the correct answers doing google searches. My tax bracket with SS and rental income from LLC or I...
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Hello all,
I have been learning about real estate the past year with various books and BP podcasts and articles.im ready to take action this year and start looking at deals. I met someone who is an experienced real e...
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There seems to be some conflicting information online regarding when 1099 forms are required for small landlords (see link below). Does anyone have a definitive answer on this? Would I need to issue a 1099 form to my ...
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Hello All, I have dabbled in real estate for some time now. Personally, I only own two units but I have been active in helping my father "fix and flip" and "fix and rent" about 15 properties over the past 10 years. My...
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Hi,This is a tax question about notes. I guess what I did is put money into a hedge fund that buys real estate notes. I invested using money in an LLC that is taxed as a partnership (form 1065). So far I have been ...
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What is everyone’s thoughts on using security deposits vs other methods? The last few places I have personally rented have not had security deposits but rather smaller non refundable fees during application process. L...
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OK...I have been DREAMING about flipping a property for years now and I am ready to make it a reality. I know traditional bank loan isn't an option for me at the time so I am researching HARD MONEY LOANS. I am a bit...
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I need to sell my 2 rental properties in Charleston.
My husband recently passed away and I am overwhelmed dealing with our business, our home and settling out his affairs. If I can get these two house sold, it will b...
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So I’m in the process of closing on our 3rd multi family property. The most recent one is in a suburb just outside Chicago’s borders. I’m under contract to purchase the 4unit building for 253k. Comps sold in the area ...
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Hello Everyone,
I have been lurking here for a while and decided it’s time to introduce myself.
I have been involved in real estate in one way or another for past 20 years, as a Realtor, Lender, Landlord, Investor a...