Olga Persinger
Tenant lives personal belongings in the house
hi everyone! Just trying to get some help. We are closing on a short sale today but the tenant that lived there before left his motorcycle, a car and some other personal belongings in the house. I think he is intentio...
Navid A.
Do I need a LLC to deduct expenses?
Good evening BP!
Does one need a LLC or any other business entity in order to claim rental property related deductions on taxes? I recently acquired an occupied rental property in NC under my own name and am curious ...
Muhammad Thomas
Looking to purchase in the Scranton Pa area
Good Morning I am a first time investor, based out of the Sussex County N.J. area. I have found several opportunities in the Scranton area which would allow me to get some experience. I have a random realtor, but agai...
Blake Charles garrick
Next step in the lone process, hard money.
After partnering with an private investor, willing to put up the credit score and/or 3 months of bank statements showing at least $15,000 in the ending balance, to help qualify for a hard money loan, the company in qu...
Todd Magin
Transferring Equity Investment From Solo401K into Roth
How do I determine the value for tax purposes of an equity investment when transferring ownership from a Solo401K to a Roth account? If I invest $100K in an equity deal (syndicated or crowdfunded) using my Solo401K a...
Steve K.
Refi Duplex after 1 Year
I purchased a foreclosed Duplex more than a year ago for 120K. I occupy one portion as a Primary residence (55%), and other is rented out (45%). During purchase, I approached a handful of lenders for financing but eve...
Gordon F.
How can an investor bid on their own foreclosure property?
Let’s say the worst case scenario has happened, and now you’re at the auction for the property you had to foreclose on. How can an investor afford to open the bidding at the price of the UPB and costs? If you win, d...
Justin Chappelear
Business Tax Question--Can I write off my personal bathroom???
Alright all, we followed the advice of everyone on here and started an S-Corp back in 2017 for tax purposes when flipping homes. Additionally, we own a duplex in the company name but that is not the basis for my quest...
Jake Steven
CPA, banker, attorney, or RE agent. Who should we talk to first?
Hello,My wife and I have saved up about $70,000 for the explicit purpose of investing in some local real estate. We want to buy and hold, but that strategy can be adjusted should we find a more efficient means of inv...
Mark Sewell
SD IRA and buying subject to existing
OK so here is what I got.I have some shrapnel that I am moving over to a SD IRA here in Houston. I'll probably have to contribute a bit more, but that's fine. Didn't think to try doing a solo 401K but I doubt I woul...