David Muellers
Multi family Syndication question
Hello, I am looking for some wisdom and maybe you would like to contribute. If I have never done a flip or a BRRR why should I? Why should I just not give my 50k - 100k to a multi family syndicator with a track record...
Account Closed
How do capital gains get calculated in California?
we are selling a property (rental for past 7 years) and need some guidance on how to calculate Capital gain and depreciation. Property was purchased for 210.000+closing costs (about 3.000) in 2001. In 2011 it was conv...
Shannon Garst
Need advise on setting up an LLC
Any advice on setting up an LLC for our RE investments? Do we need to speak to a corporate lawyer or can we go the simple route of LegalZoom? Need to get it it done quickly for a hard money loan.
Angela W.
How to Set up Transfer of Property Before You Die
I contemplated on posting this article but decided to do it, since it's valuable information. These are some things a lot of us don't want to think about but should consider because you never know...Here's the article...
Yoselin Pearce
Investment property or primary residence first?
Hi there!
I'm a new investor just beginning my path to early retirement (woo!). I haven't purchased my first property, but I have saved up enough to finally consider buying.
I live and work in the Los Angeles / Oran...
Eugene Thurston
Buying a property with a tax lien
Good morning Bigger Pockets,
I am interested in purchasing a property that looks like a good rehab project. The property’s owner passed away a few years ago and their daughter now owns the property but she lives out ...
Charlotte Dunford
Question for syndicators
1. From a tax perspective, is it more beneficial for LP's to pay them more often so that they can invest the received profits into other investments? What is a good frequency to pay your LP's?
2. What type of tax ded...
Tyler Harrel
Experience Pulling Money from 401K Plan
I have been researching a variety of ways to come up with money to finance a deal on a property and thought of pulling money from the 401k Plan that I have been investing in for the past couple of years. Does anyone h...
Todd Magin
Out of State Series LLC, Legal And Tax Implications
Apparently the formation of Series LLC's are only "allowed" in a few states. I live (and will invest in) Maryland, which does not allow the formation of Series LLCs. Is using a Series LLC as simple as forming it in a...
David Carter
Good deal or not??
I'm interested in a triplex near a college for 100k. A triplex down the street is renting for 455 a unit. These are the numbers I used to calculate cashflow. Mortgage is 665.30 for 100k at 7%.
Ins. is 83 a month
tax i...