Dennis Parslow
401k Loan for down payment on investment property
1. If a newbie investor has access to a 401k loan for the down payment, how is that viewed by Hard Money Lenders? 2. If using the 401k loan as a down payment, I assume it's best to wait until after a credit report and...
Fred Stevenson
Allowable tax deductions
I'm an active investor, but I don't qualify as a professional REI. I'm trying to understand what types of business related expenses I can deduct. I have created an LLC that I will be using to buy my investment prope...
Mark Hamblin
Property taxes catching up to a sales price on apartment building
Looking for some help from Chicago / Cook County multifamily investors, regarding a property tax question. It seems property tax calculations there aren't nearly as straightforward as in other markets... Free high f...
Lauren C.
Owner Occupied- Can the Owner Have a Dog but Not Allow Tenants?
Hi All,I'm in the process of rehabbing our first investment property. It's an up/down duplex and we will be living in the second floor unit and renting out the first. We want to get a dog but don't want to allow our t...
Wendell Raboteau
Starting a LLC in a Different State Than I Live
I live in Virginia and want to form an LLC in Nevada. Do you have to form your LLC a certain way to be able to file as an S-Corp?
Michael Wolffs
Reference check on NYC mortgage broker
I'm trying to get a mortgage on my triplex. I was referred to a mortgage broker in NYC, and I've been working with him. Before I get to the point no return, I wanted to see if anyone here knows him, and has worked w...
Account Closed
New Investor in a Sticky Situation
Hi, all! I’m a relatively new investor and just bought a property near Savannah, GA a few months ago. Due to some life changes, I ended up moving out of the home a lot sooner than anticipated. Now that I’m no longer i...
Kathy Kifer
Tenants using Credit Cards to Pay for Rent
For my long term rentals, my tenants pay me by venmo, and I have had no big issues. Its fast and easy.I have just listed a mid term rental on Furnished Finder. I see they suggest offering the tenants the option of pay...
Brian Essex
taxes - selling investment property for a loss
I consider myself a real estate professional, I put well over 750 hours per year buying, selling, maintaining and managing my own real estate as well as real estate for others.
That being said, does a real estate los...
Account Closed
Learning about entrepreneurship, business, computers
Hi everyone, I have a question for all of you today regarding learning about entrepreneurship! So as you many of you may know I am looking to start in entrepreneurship to get capital for real estate when I turn 18! So...