AJ Angel
Forming an LLC in NC
My partner and I want to form an LLC before I purchase some property in NC. I've heard many ways of doing it and to start it. Whats the best way to get started? where? do I need an attorney? is everything online? Tip...
Andrew Hamlett
Estate Property Rental While I Wait
So I am trying to think of a way to make a difficult situation work for me. I have a property in an estate that I am the administrator for and sole ultimate owner of, no other heirs. Property is paid for but in bad di...
Char Bacheh
didnt take a wage from my s-corp
i opened my corp in July and wasn't able to take a wage as the corp made like 6-8k can i just take a distribution, what would you recommend i do?
Brendan August
Closing Costs Questions
Sorry for the duplicate post...I currently have a home under contract in Baltimore and I first off just wanted to thank everybody that I've spoken with personally or have learned from on the forums.
I was wondering ...
William Gillette
Driving for Dollars "How to find a banks contact info"
While out driving for dollars I located a property that appeared to have been vacant for a few years. It took sometime but I finally tracked down the owner. After talking with her she informed me that the property was...
Daniel Buck
Utilizing 401k/profit sharing for 1st deal/s
I currently have 100k+ in my 401k/profit sharing account and would like to utilize these funds to get started with my real estate future. Can anyone share some possible options I may have in getting started with usin...
Stephen Sawrie
new to SD IRA
1. I am going with a gentleman by the name of Jeff Dixon with uDirect. anyone out there have any information re: individual or company?2. am leaning towards "checkbook control" with IRA purchase of LLC, which holds...
Steve Salvatore
City of Pittsburgh Hearing on Rental Registration - Dec 1, 2014
I am posting an email that was sent out by ACRE of Pittsburgh on a proposed bill on rental property registration in the city of Pittsburgh. Representation of rental property owners is needed at the hearing to voice o...
Ben Bakhshi
Why do people offer seller financing when rents are 2x higher than the payments?
We are approaching some deals that offer owner financing.
As an investor these deals make a lot of sense for buy and hold.
Terms like, 20% down, (prime plus 4.75) 8% interest at 30 year amortization, and interest rat...
Vilson Nikollaj
Is there a tax deduction for defaulted loan interest not-paid?
Moving this post to tax forum... Think answer is no, can't claim unpaid interest on 1099-C, but @paresh patel brings up good point about what hte Box 3 pertains to. Anyone know what the purpose of this is?But if Inter...