Donald Hendricks
Can Buyer Pay Sellers Capital Gains Tax?
I purchased my home & land in December 2014. Since that time my neighbor sold his land and the new owner and I have been fueding. The new neighbor wants to buy me out. I have agreed to sell, but not until Decem...
Sami Gren
form for a tenant that wants to use the security deposit towards their rent
HI,I have a tenant that wants us to apply the security deposit towards a month and a half of their rent and due to circumstances we agreed to do that in order to help them, I was just wondering if there is a specific...
Ebuka Atueyi
should I register my business as a corporation?
I am wondering how should I register my business? I don't like sole-proprietorship.
Michael Doherty
Refi into LLC or Personal Name w/Umbrella Policy?
Hi all, stay with me on this one.....I am half way done with renovations on my first duplex BRRRR. I purchased it with hard money in an LLC. I currently own two other duplex's, one in my personal name which I house ha...
Mike Masland
Applying Tax loss to W2 income
Hello,Noob question on the potential tax benefits of real estate investing. My wife and I have W2 annual income (dual income family working for large corporations) that puts us in the ~30% marginal tax rate bracket. ...
Account Closed
Need help with my BRRRR
Hello BP,I currently have a house under contract. Here are the specs.Purchase Price: 127,500ARV: 240,000 - 260,000Estimated Rehab: 50-80KI will be using hard money to get this financed so there will be hefty holding c...
Paul Callins
Stop work for “potential” commercial tenant?
Hello Everyone,We were working on my job site last week on a commercial unit I acquired (1st one) and a potential renter saw us and is very interested in renting. They have a smaller unit in the office park. Mine is 2...
Doanh Mai
buying a building that were potentially a former meth lab
Hi all,Thank you ahead for your time and help! I would like to seek your opinion on whether or not I should move forward with this deal.My wife and I have found this way under market value building in the city of Man...
Steven Clark
Water Heaters Multi Family
Hello,I currently have a 3 unit all 2 bedroom multi family house with 1 central water heater. The water heater that currently is in place is definitely undersized (55 gallon) and 13 years old. As the landlord I pay th...
Andrew Nguyen
Logistics of transitioning primary residence to rental + add partner
I own a primary residence in CA that I’ve lived in for >2 years. It has a 30 year fixed mortgage and low interest rate. My sibling/business partner would like to give me X amount for 50% ownership and we transition...