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Hello CPAs! I am struggling to get a definitive answer to the question - are payments from a Performing Note passive investment income or are they ordinary income? I have seen it described as both - and lets face it, ...
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I currently have student loans that the payment is based off of income(AGI). If I were to put my properties into LLCs that report up to a C corp where profits stayed and could be used to buy more properties, would tha...
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We recently purchased a home through a wholesaler. We are in the 5th day of the process and we just found out that the 1800 square foot home built in 1905 as stated on the MLS is only really (legally recorded) as a 96...
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Your goals and story: Currently have 1 rental property (2 units), looking to get another during Winter
Type of property: Multi family
Location of property: TN
Purpose of financing: For downpayment on conventional l...
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Morning All,I have found parcel for sale which has a nice brick duplex and a bonus three unit small commercial building. I'm pretty confident in evaluating the duplex and the purchase price I want to offer but I'm l...
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Hello, hoping someone can give me some simple guidance / advice on how to approach our situation.I've done my fair share of googling and there's so much info, it's hard to really sort it and make sense of each scenar...
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Hopefully this isn't too macabre, but as my portfolio gets bigger I've been thinking about how big of nightmare it would be for my wife to deal with should I die suddenly and unexpectedly. Curious if anyone has some a...
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As the world becomes more and more digitized, more and more aspects of our lives are being moved onto the blockchain. One such application is tokenizing physical assets using blockchain technology. In this article, I'...
Hi all,
Looking for some advice. I went under contract to purchase a home in March. I was out of state and so working with a Florida agent to assist me with the transaction. Immediately after we went under contract,...
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Hello,I filed for a eviction do to none payment of rent by in May and excessive noise for a tenant I had for 4 years. He was starting to become more noisy. I have over 3 years of report and notices that’s been documen...