Pat Reilly
What is the IRS definition of a flip
I'm unclear on this and have not found a definitive answer through google searches. The IRS allows you to buy real estate with your IRA, with some very specific rules for doing this. However there is one rule which ...
Robert Fornwalt
have you seen this before on a MLS listing?
"Tenants Lease rights protected with the transfer of property ownership." I was looking at a write up for a duplex and this was at the bottom of the MLS sheet.
Zeb Lopata
New Jersey First Time Home Buyer
Hey AllFirst post here, Not sure if this is the place to ask some questions about the market in New Jersey, if its not, please direct me, thanks!I'm looking for guidance on buying a 2-family home in Central NJ. Im loo...
Julian Dozortcev
is this considered a 1031 exchange
Hello All,If you purchase a home for a rehab sell it and then use those funds to purchase another rehab and continue going. Do you have to pay capital gains taxes on that profit earned or is that considered 1031 excha...
Mark-Anthony Villaflor
Cash Refinance from SFH for next rental purchase
It’s been awhile since I’ve done any sort of real estate investing so I’m just trying to see if I have this all correct. I’ve built some equity on two properties in Texas.In 2014 I purchased a house with 20% down.115...
Ryan Schultz
Pre-foreclosure discussion steps with owner
My Friends land lord is facing foreclosure. (My friend has 60days to vacate)I feel like this fell into my lap. I would like to see if I can help the landlord. What are the steps to take to do so?1.Call and talk to lan...
Jim Truman
Insurance tips, coverage amounts
Good morning,
My wife and I recently closed on our first out of state property, a townhouse in Bedford. I'm looking for recommendations on insurance. Also some advice on reasonable coverage amounts.
For now I just w...
Thor Fink
Lending for Properties with No Title Policy
I am looking for lenders who can help finance or refi properties that you cannot typically get title insurance for in the first 6 months up to 2 years in some cases. However, you do get a Sherriff's Deed for the prope...
Tim Shepstone
Good asset based lenders
Can anyone can recommend a good asset based lender and/or a lender that will lend based solely on the income of a specific property? I have moved to the San Diego area and want to continue my investing endeavors, but ...
Jeff Wallace
C-Corp Tax Deductions
I will soon be flipping homes in a newly created C-Corp. My plan is to pay myself a salary and reduce the Corp's yearly net income to zero. I would like the corporation to pay as many of my personal expenses as poss...