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Would like to buy rental property in AZ or NV
My niece and I are thinking of buying out of state rental property in Las Vegas, Laughlin or Tucson.
I have $40,000 sitting in the bank earning 2% interest. I contribute 29% of my salary to a 401K plan which is n...
Scott L.
Advice on equity on 4-family that can be refurbed + sold or rented
Hi, I'd greatly appreciate any input on this deal. I'm fairly familiar with the terms I'd seek for a local (NYC suburb) single-family flip, but this 4-family has possibilities to flip or rent. The CAP and ROI seem...
Ian Moore
Analysis Paralysis
I'm a new investor at the educational phase of my career. I would love to hear how some of you began investing in spite of your fears of beginning.
Dana Murphy
Taxes for an LLC
My 2 sisters and I inherited our mothers condo in 2005, put the property into our names in 2006, we decided to form a LLC in 2007 for tax purposes, now we need to file taxes for 2006, 2007 can 2006 be filed under the ...
Kelly G.
Insurance Qs for out-of-state rental
Greetings;
I am looking around for a new landlord policy for a house I own in WI (I live in CA). Have had a couple agents (in WI) tell me they can't/won't insure my 'investment' property because I live out of state....
Jordan L.
How are partnerships created on a Construction Loan?
Living in an apartment, I was always so curious who owns this 300 unit building, so I went snooping around the net. The currents owners form a partnership/LLC to get a construction loan for this property 15 years ...
Steve Londeau
New Guy. Be nice to me. :)
Hello,
My name is Steve Londeau. I just found this site, and wish I had found it sooner! (Hat tip to Dave at SSBlogger for mentioning this site, it was an old post, but I had just read it yest...
Daniel B.
Paying oneself a management fee to increase QBI
Hi, I have an LLC I can run income through, in years past I have never "paid" myself a management fee for self managing our rental properties as I had never wanted to pay the additional self employment tax. With t...
Eran Lifshitz
Escrow Negative Balance - How Can That Be?
I have an unclear issue and hope you can help me to clear it up.I have saw few examples in tapes of assets which has negative escrow balance.How can escrow balance be negative?If the escrow has positive balance it pay...
Joseph H Nguyen
Joseph Nguyen from Allen, Texas (newbie)
Hello all!My name is Joseph Nguyen. I am located in the Dallas area. I'm 20 years old. I work part time as a Head Lifeguard at Carpenter rec center, so not a lot of income,,, like 12k a year if I remember from last ye...