Raky Patel
buying another primary residence
hi all, this is my first post here but i have been lurking for a couple months now. i must say this is a great resource and thanks to all that share their experiences. i have some questions regarding buying another pr...
Erick Sanchez
Self directed IRA? Who is doing this? Is this as good as it sounds?
I mentioned in a prior post that I had purchased the Armando Motelongo 3 day class. In this class they spoke about Self direct IRA. They said you can put an LLC inside of this S.D. And do your business from inside thi...
Account Closed
The Annoying "mortgage interest" write off
Recently I've heard (or seen) some real estate guys preach and preach and preach about how keeping mortgage debt is good because you don't lose the mortgage interest deduction. This is very misleading to a new invest...
Daniel C.
LLC with spouse as partner
For an LLC used to purchase or hold property, does having myself and my wife listed together change any legal or tax benefits, as opposed to having it only in my name?
Thanks
Julio Gonzalez
Top Home Tax Deductions
Your house isn’t just your haven—it can be a financial asset too. Here are 10 tax tips every homeowner should know:1️⃣ Mortgage Interest Deduction: Deduct interest on loans up to $750K!2️⃣ Property Tax Deduction: Clai...
Peter Vander Ploeg
Real Estate Questions for a Certified Financial Planner (CFP)
Hi All -
I plan to write a blog series for the bigger pockets community, and I’m looking for topics that are important to you. Could you answer these 3 questions to help me? Thanks for taking the time to leave a r...
Daijuan Davis Sr
How to structure llcs
I’m looking to get into real estate whole selling and rental properties. What is the best way to set this up?
Here are a couple of my ideas
A holding company with a management company
Separate llcs for wholesale an...
James H.
Funding a home purchase with no W2
Pretend you lost your job..What if any loans are available for an individual with 20% of his purchase price+closings and reserve funds but no W2 income. Pretend you have been a real estate agent for under 2 years so s...
Jimmy H.
Using LLC to expense home office
I am wanting to set up a nice home office for potential real estate and/or other ventures (none right now except for my own home).
I have 1 small filing cabinet, a computer, and a desk. I am wanting to purchase a lar...
John T.
Owner Financing - Is interest a good idea?
Hello BP Community!I'm considering offering owner financing on one of my properties. Property is worth 135K and is free and clear. I want to offer a 5 year note on it to a potential buyer. I've already spoken with ...