Hi,I completed my first flip and made some money. I am happy it all worked out well. Now I want to know what paper work do I need from contractor before I pay him the remaining amount. So far I have paid him in checks...
I have an aging duplex purchased in 2012 with substantial gains and I'm considering cashing out to build a 4plex. Would this be considered a "like kind" exchange in the eyes of Almighty IRS b/c it's a new construction...
Hello all,
We bought our most recent rental with cash and have been in the process of refinancing it for 3 months. Every time we think we'll close they come back and say the underwriter needs one more thing.
The ...
Once I have rolled over money into a self directed IRA, do I need to invest right away? Is there a time limit to invest?
Hi everyone! I have an LLC and a friend of mine has an LLC. We formed a holding company where both of our LLCs are members. Are we able to transfer our funds to each other's LLC without worrying about taxes since they...
Fellow BPers,
I have a company which I'd like for it to hold my real estate properties for purposes of limiting liability. I am purchasing properties personally as I cannot finance them with the company yet....
How many Wholesalers doing Double Closings are paying the Real Estate Transfer Taxes?These can be quite expensive in some places. For instance The State of Pennsylvania charges 1% of the sales price and the munici...
I am currently trying to learn the basics of real estate investing. For a start, I'm about to read Brandon Turner's "How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started". Up next in my readi...
Greetings.
I'm new to real estate with a question regarding LLC. Currently, I'm getting ready to buy my first property wondering if I should get an LLC. What I was told is you don't need one until you generate some...
I'm interested in hearing about pros and cons from people that have acquired investment properties through an IRA, solo 401K, etc...I'd appreciate any referrals to Real Estate IRA custodians that you work with.
Tha...