Vlad Kuzin
LLC and Payroll Questions
There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...
Mina G.
Notice to cease habitual late payment - certified mail, tenant refused
I have sent 2 notices to my tenant to cease habitual late payment. Both were certified and both were refused and returned to me in the mail. What should I do? Did these 2 notices count? I also posted it on the door...
Ali Croft
Interested in Norfolk, VA - worried about flooding/climate change
I am looking into purchasing a duplex in Norfolk, VA as a first step in real estate investing, with the plan to owner-occupy for 2-3 years. Norfolk because I like the city and it also seems that properties are still a...
Jordan Freeman
Buyers
hello again bp, glad to be on. Had a few things I had been thinking about lately in relation to wholesaling. Hope to get some good feedback. So in my time of learning about wholesaling from many sources, I have notice...
Luis Montanez
In a "subject to agreement" who keeps the rights to claim tax deductions?
In the ideal circumstance the title of all your properties will be under a corporation and all transactions and deductions under the corporation so any profits or loss will flow to your personal incom. However, since...
Evan Kelleher
buying a 3 family with tenants living in two units already
So I just purchased my first multi family (3 units) in Haverhill, MA. the first floor unit and second floor unit are already rented out for what the current owner stated is 1400 a piece and claims that the tenants alw...
Parker T.
Insure Rental at Replacement Cost
All,
I'm putting a bid on a foreclosure today at 30k. The insurance company quoted the replacement cost at 160k and with everything else factored in a quote of $94/m. This seems extremely high and doesn't fit...
Sean McGovern
Buying an urban townhouse, living, than leasing
Looking for some financial and practical advice on my investment idea.1. I have an income of $60,000 per year.2. I want to buy a three bedroom townhouse for $290,000, with a down payment of 10%. I'm thinking an FHA l...
Paresh Patel
Is there a tax deduction for loan default interest not-paid?
Hello. I would like to pose a question relating to the tax treatment of Loans made though any of the leading Real Estate Crowdfunding Portals that go into Default.Many of the CF sites may reasonably be expected to ev...
Sunny Dutta
Anyone work with Virgo Finance Company???
Has anyone done business with Virgo Finance Company?
Any reviews/complaints will help.