Sakura Myers
Initial Legal and Tax Setup for Newbie Investors
Hello everyone! This is my first post to the community :) My mom and I have purchased our first rental property in North Myrtle Beach, SC. From the start, I want to ensure we are correctly setup legally and financiall...
Compton Oliver
Interfacing with Self-Directed IRA Investors
I run a firm that primarily invests in what many real estate investors would call Alternatives. Generally, we buy small to medium companies, create synergies between existing investments and partnerships, restructure ...
David H.
Postcard content
I am brand new and ready to dive into some direct mail marketing. I have decided to send postcards to absentee owners. My question is: Is there anything specific I should be putting or not be putting on these cards. A...
Erich Oertel
Verifying income on potential tenants who are retired
I have a rental property in Los Angeles, California, and it’s been on the rental market for less then a week. Just recently, I showed the home to a retired couple that on face value, appear to be great candidates for...
Ryan Alexander
Best Way to Do an LLC Partnership
Hi everyone,My wife and I are purchasing our first self storage facility and are partnering with our friend and his wife. My wife and I currently have an LLC, but no purchases with it yet. What would be the best way t...
Garrett Jennings
How can I protect the seller in a land contract?
Hello everyone! I live in Wisconsin, and going to purchase my first rental using a land contract with the seller. I am younger, so he is wanting one of my parent to co-sign on the land contract. What I don't like a...
Tim Block
Questions About Tax Reporting on Sale of Property
I have a bunch of questions for the tax gurus here. In 2022 my wife and I sold 2 properties that were held longer than 1 year. My main question was can I list both under a schedule D? Here are both the scenarios and ...
Bruce Jones
Live-in Flip - Virginia Beach, VA
Investment Info:
Townhouse fix & flip investment.
Purchase price: $270,000
Cash invested: $30,000
Sale price: $465,000
Lived there for 5 years while renting the first floor for $800 a mont...
Nate Lindquist
Using equity to purchase investment properties
My wife and I currently own and occupy our first investment property, which is a multi family in a pretty popular part of Portland Oregon. We have owned it for a little over a year, and have roughly 200K in equity th...
John Williams
Private Money Lending
I want to start using my self-directed IRA to lend money on various small to mid-sized projects. I was planning on creating a website to offer various products and terms. For example, my page might say something like ...