Marco Morkous
How can you prove this is legit?
Sooo... most HML will tell you (it’s in my interest that your deal works out) which sounds good and fairly legitimate given that if the flip doesn’t sell after rehab they probably don’t get paid timely and have to jum...
Remone R.
Cash out refinance or Heloc
So I have a four unit property we bought for 505k fha 3.5% down 3.75% interest rate, that we’ve had for a year and looking to cash out refi to get a second property. BUT I’m not the appraisal will come back high enou...
Jack Thompson
Mortgage Forgiveness Debt Relief Act Expiring
It took me nearly 8 months to figure out what this so called "mortgage forgiveness debt relief act" really was and how it could benefit me. I was with my wife one day and we overheard two couples talking about it and ...
Carlos Webel
Set up of first 1031 Exchange
Hi,Although I have several rental properties, this is the first time I will sell one of them in US. I'm selling a Condo in Florida to invest that capital in Houston. The plan is to set this up as a 1031 Exchange. I'm ...
Tony Castronovo
How to market my single family portfolio for sale
I am currently preparing to sell off my portfolio of single family homes and assembling an offering memorandum / marketing package. As an investor who might be interested in purchasing a portfolio, what would you exp...
Carrie Cavins
How do I move forward with my First offer??
I found a property listed at 60,000 (and worth close to that price) and spoke with the owners and found out they owe 20,000 and are selling it due to a death of a family member. They just want to move forward in life....
Richard Z.
Passive income for passive partners of flipping project
Its LLC entity, will issue K-1 for each partners.
Passive income for passive partners - Should it be categorized as ordinary income just as the active partner, or should be short term capital gain? The project is a f...
Carl Crain
moving IRA into LLC without penalty to flip
Interested in using my IRA to fund a new LLC that would flip houses and put the proceeds back into the IRA. Then due it again. Any guidance?
Thomas Coburn
Entity for auction fix-and-flip vs buy-and-hold, with/without conventional financing
Hello all... I'm a bit confused on how best to My wife and I own two LLCs now taxed as S-Corps. So, I understand the purpose.However, I'm confused how when, and how, to put/transfer a title to property into the LLC.I'...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...