Hello, thank you for some sound advise. I'm recently divorced and trying to rebuild my personal and financial life. I need to payoff my credit card debt as it holds the key for me to be able to invest in RE. I'm finan...
I bought my home for 251k in California and sold it for 458k 1.5yrs later. I understand that I'm going to have to pay capital gains tax. How can I avoid paying so much of that tax? Buy a new home?
We are currently in a sales tax audit with the state of TN. The auditor is stating that it is my responsibility, as STR owner, to pay tax on the service fee that VRBO charges guests. How could that be possible? Thi...
Hello everyone, first of all I want to thank you for taking the time to read my post and hopefully give me some advice. I am a newer investor in the Portland area and I need advice on how to move forward with financin...
Would/ Can you form an LLC before you buy a property. I was told that most banks wont loan to an LLC real estate if you dont have a lot of business history with the banks. What my mentor said was once I bought a prope...
My friend and I are starting our real estate journey together as partners. We know we want to create an llc but is it difficult to secure a loan? What are our options and what should we expect if we structure our llc ...
Hi Everyone! I get it. Birmingham is a great place to invest in and you get your ROI. However, recently I started noticing that in the Eastern Birmingham area, most homes, acquired by Out of State Investors (Californi...
What are some tips to avoid commingling of LLC and personal funds? Separate checking account, credit card... What do I do about internet/cell phone? I use my phone for personal and rental use and deduct a % accordingl...
I’ve started the process of forming my own Series LLC, and wanted to find out more about all the benefits that come along with it.Can anyone recommend some books about LLC’s that go past the common knowledge of the pr...
HiIf I buy a foreclosure from the second position for say $200,000, subject to first mortgage of lets say $300,000, and then the first position forecloses - my understanding is it forecloses the original owner, and no...