Just received a newsletter from my estate planning firm with the following info. First time I hear of this. If true, this has substantial impact on how we work with our IRAs and something to consider when nudging...
Hello! Am an investor who currently has a portfolio made up of duplexes and a four plex. I started at beginning of 2019. All of the deals we have found on the MLS, but my question is what are some creative ways to get...
Hi all just a quick question on legality of something here in NJ. Can I purchase a house put in escrow and have a realtor list it on MLS before I officially close on the house? My contract clearly states that I will ...
Later this year in 2018 Freddie mac has finally announced some guidelines to use when determining short term rental income.The guidelines will require there to be two year history via the tax returns which isnt too s...
Hello All,I have recently purchased my first tri-plex and am working on getting my rental agreement documentation put together. My question is, am I better off having my attorney draft an agreement for me or should I ...
Can I deduct passive RE losses from nonbusiness income?? I was not aware of this. Is this true??? See section in bold/underlined belowBelow is an article from the Washington PostTax change in coronavirus package ove...
Hi all - first time landlord here. My wife and I just bought and moved into a duplex where the 2nd unit was already occupied with tenants. They were on a month to month lease with the previous owner. My question is ...
There seems to be a lot of confusion on BP as to how you lose the protections of an LLC or business entity. In legal terms, this is called “piercing the corporate veil.” A business entity can shield you from liabili...
Hi,
looking for some help/advice on an opportunity I have come across. Multi-unit, 2bed/2bath and 1 bed/1bath. Current tenants are on a month/month lease, and both pay less than half of market average for rent. Cu...
Hello,
It has been a year since I have logged on and a lot has changed since then, but one thing has stayed the same and that is that I want to invest into real estate. Let me give you a little background information...