Susan Johnson
Start-up expenses– tax conundrum
Hi all,I'm a bit lost, and am really hoping that one of you might be able to help. I'm getting ready to file my 2020 taxes (had an extension), and am struggling to figure out how to handle my 2020 rental income, from ...
Michael Smythies
How to get around DTI limitations?
Hi BP, I get this question over and over again from new real estate investors that are just starting out - how do I get around DTI limitations? In order to buy more real estate by means of conventional lending, you ha...
Michael O'Brien
Details on pass through deduction tax plan changes?
I’ve seen a few articles on last minute tax plan changes and they are stating there was a last minute change that allows for a greater reduction for real estate LLC’s with no to a few employees for rental income. Anyo...
Brandon Dean
How would you close on this deal?
I am currently looking to purchase a few pieces of raw ground and am looking for some insight on how to close on the properties. I am looking to get these prior to a tax sale from an out of state owner and they are j...
Anastasia Jordan
Ever dealt with crazy??? Bought tax deed & occupant is crazy.
Summary: Last year my business partner (who is no longer allowed to pick out houses) wanted to buy a tax property in Norwood (listening to his mother). We road around for a good bit and it seems like all the good ta...
Brian Mathews
Thinking about buying mobile home for rental
I've run into a situation where I might be able to buy 1-3 mobile homes. 1 single wide for around $20K and doublewides for $24K. You have to leave them on space which is $320 month and single rent for $825 and doubl...
Alan Feldman
Opportunity zone investment
Just saw this article and scratching my head why I wasn't presented with this as an option for capital gains by my CPA. Is this something brand new? Can funds be invested retroactively in opportunity zones?http://www....
Joseph Henry
To rent or to sell
Primary home is valued at $850k (purchased at $450k), with less than $20k remaining in the mortgage. It will be paid off in the next 10 months. I could rent it for $3800 and net $2800 after expenses (after the mortgag...
Jonathan Valle
Should I create an LLC before or after ?
As a real estate investor who is just starting is it wise to creating an LLC before or after your first property buy? what are the pros and cons? Thanks !
George B.
Newbie in Mid-Michigan
Here's my situation:
We bought a duplex in Mt. Pleasant, MI in July of this year and will begin house hacking in October. The other half of the duplex will be a short-term rental. I want to learn more about HELOCs an...