The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...
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Last December I bought my second rental property and have deeded it over to my LLC which I set up for this purpose.It has been cash flowing very well every month, so I'm thinking I'll have to pay income tax on the pro...
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I currently own properties in an LLC, but I was just reading that it is a good idea to own properties in a corporation because of some of the tax advantages that exist for corporations. I was hoping to get some insigh...
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I plan to refinance my primary residence (Bay Area,CA). I currently have jumbo loan at 3.75% and $70k cash saved up. I am thinking of 2 options -
#1. If I refi and pay down some of the principal (about $70k), I would...
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I’m curious if any investors on here have used cash value life insurance to buy real estate? My Grandfather taught me when I was young how he used his cash value to buy assets and earn a return on his money while it’s...
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Hey everyone,
I’m a 19-year-old real estate agent based in Rochester, NY. I’ve been in the industry for a little under a year now and have gained a solid understanding of the market here. I’m hitting a bit of a roadb...
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Moderator: this thread split from another discussion. This started with:
Once I bought 5 adjoining properties for $10 each ($50 total) donated it to a church and took a tax deduction for $26,000 (Chapter ...
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Discussing an event, where my rental property would be paid off and I would be receiving rent payments.If I was to refinance my home and make the rent payments to the mortgage, would i be better off financially?
I co...
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We are about to sell a house in San Diego that we purchased in 2011. It’s been a rental since 2013. We are set to make about $700k on it. This is our only investment property. (we do not want to stay in the CA market)...
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Hi everyone!I am a newer investor and am looking for a reliable real estate CPA or tax professional in the Metro Detroit area to file my taxes and help with tax planning. I have been in contact with one but response r...