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...
Justin Fortunato
Proper order of operations (painting, flooring, etc)
What is the best order of operations with regards to working on a house? Obviously, the first thing is the construction, doors, etc. But what is the best order of other things like painting interior, exterior, floo...