My wife and I purchased our first property (a C-class fourplex) in 2017 which we house-hacked for three and a half years. This spring we sold that property to do a 1031 exchange and bought two B-class fourplexes in a...
I've read that you can file real estate partnerships without actually filing a 1065."The IRS and the courts have stated that mere co-ownership, rental, and maintenance of real property does not create a partnership fo...
Hello everyone,Now that is tax season, I have a question related to this topic.I bought a fourplex via FHA loan and I currently live in one unit, I have been fixing and updating all units so I could rent them out whic...
About to close on a duplex in Buffalo, NY. Anyone have recommendations on property management companies?
quick summary.
sfr. remodeled home. including new disposal and sink. young tenants (dont seem to be handy). they moved in in march.
got a text on sunday morning that they just noticed the disposal was leaking. they ...
Great response to the previous post - so I thought I’d share another hi yield note strategy, although this one is more a note arbitrage play. And yup, I learned it firsthand from Jimmy Napier
Going back about 40+ ye...
I sat down with a REA and explained to him that I want to do a fix and flip. I explained this will be my first deal and how I've been studying Real Estate for some months now. I called USAA to get a loan but he explai...
I have a tenant whose rent is due on the 1st with a grace period through the 3rd. I contact him on the 5th and was told he is in the hospital and he would pay the rent plus the late fees. I still have not received t...
I'm studying to build syndication business, I want to be on the active side of syndication which I believe is GP? I really want to take some syndication course sometime soon, but I need to have this question cleared....
I own a rental townhouse that is governed by an HOA (yes, I know many people don’t like to buy houses in HOA communities, but where I live there is little choice).When I purchased the home almost 4.5 years ago, the pr...