David Ma
REIT vs Multi unit investing
My question for all of you guys is that while some of you guys are investing in multi units that provide a rent income of 10-15% return. My question is why not invest all this money to Real estate investment trusts? M...
Jenna Goldstein
How Much of of a Mortgage Can I Get?
What income is counted for a mortgage? And how much could I get? Say, if our income is $300 a month?Or $2,000?Thank you!
MJ Tukina
Buying out sibling when the property is inside a Living Trust
I was named Trustee of this Living Trust in 2013, I helped my late Mother establish her own Living Trust in 2007. She passed away in 2013. Now my one sibling needs money for his kids Colleges tuitions. I paid for a Co...
Traci Lovelace
Huge hairy mess
Closed on a house from HUD on Monday. Learned today that when Bank of America foreclosed on the property they did not include the second parcel number in their paperwork. This trickles down to us only owning one of th...
Corey Demuth
rental property tax example - please advise!
I am still a bit confused about the whole topic of tax benefits from having rental property. Can anyone take a look at this example, and let me know if I am doing this correctly?
An investor has a full-time job makin...
Michael A.
Is changing ownership to an LLC really worth it?
I recently purchased a Duplex in Ohio with my mentor. We purchased it in our individual names and are trying to decide if transferring the deed to an LLC is worth it. I was under the impression that an LLC protects yo...
Mark Updegraff
Questions on Purchasing an existing LLC that hold RE
If you purchase an existing LLC that holds real property do you avoid transfer tax?
Do you keep the existing basis?
If anyone has done this an can elaborate on The pros / cons I would appreciate it. I'm going to co...
John Oliver
LLC for business & interest deduction + residence?
I have some questions regarding the purchase of a personal residence, potentially via an LLC (state of CA). The following describes the scenario and goals (which are somewhat unique). The names and amounts are fiction...
John D.
Tax question about rental vs flips
Good Morning,I thought I saw a thread here several months ago relating to what can and can't be deducted on rental properties vs. flips. Unfortunately, I cant seem to find it now.I have a home that I initially intend...
Alex Pereira
Getting to the Delinquent Tax payer before they are foreclosed on
Does anyone currently have a marketing strategy that they use to make this happen? I've been wanting to see if there is anyone out there that is coming up with deals in this way. For example: Tax payer owes 10k in Bac...