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I currently have a SDIRA with a check book LLC. I have a couple of houses and mutual funds. I have just learned that I may or may not have overstepped my arms length vs personal involvement by occasionally providing...
Have one house under contract and the bank dealing with has offered a 2 br 1 bath home 800 sq ft. with firm asking price of $27,900. RENO will be $9,500.
House in 2010 had new main service ran, A/C, hot wa...
After listing my property (a 4-plex in San Diego) too high in a declining market, receiving no offers after a month even after a 9% price cut, I asked my broker: at what price could he guarantee an offer within a week...
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I won a bid in FL on a HOA foreclosure that has no mortgage. I found out after there is another association where there is a 32k balance I have to pay. I had a few questions.1. If I just let it go back to foreclosure ...
Hello BP community,
I am trying to start my real estate investing journey and have a question if it is worth it for me to fix up my current property or instead invest the cash I have on hand to buy another house righ...
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Hello, I just won the bid on auction property. My bid price was 120-130k less than the market price. I am planning to acquire the property and clean it up and put it on the market. it may take 3-6 months. I need to c...
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HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
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The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as:
- a sole proprietorship
- a partnership
- a C corporation
- an S corporati...
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There is a property that I'm interested in which had its tax lien sold at the Washington DC tax sale in 2022. The foreclosure process hasn't been started yet. If I contact the person who bought the tax lien last year ...
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After I’ve done the formula for how much I should offer for the tax delinq property; am I subtracting the amount of tax Owed from the offer price?