Jain P.
Buying investment property in cash, and then do refinance
Do we lose tax benefits when buying investment property in cash, and then doing refinance?Does the 90-day rule for refinance after cash-acquistion, apply for investment properties?Otherwise, does the cash investment b...
Cameron Andrews
C-Corp for a Canadian long-term investor?
Hello everyone,I have a C-corp in the state of Ohio, at the advice of a real estate 'guru' At the moment, I am JVing on a long-term property in Pittsburgh. Is it worthwhile to hold the property in my C-corp? At the mo...
Rafal K.
1031 Exchange versus Selling
Hi everyone,
I am selling a 4 unit with potentially a large gain. I lived in it the last 2.5 years. I am trying to find and pay a CPA to run the scenario on the potential tax hit if I do not do a 1031. I'd like to ...
Patty C.
LLC or S-Corp for Short Term Flips?
Hi Everyone,My family and I just flipped our first property and are ready to keep going but we want to make sure we're doing it right. Basically there are 3 members using cash to buy properties and flip them. What w...
Noureen A S.
S-Corp Profit Distributions: How Are Owners Taxed?
Dilemma...I have an S-corp. For the majority of 2017, I paid myself outside of payroll ($5K was paid to me thru payroll and $20K were just 'owner withdrawals' - my acc'tant said they must be recorded as "profit distri...
Ryan Cash
BRRRR Question with numbers, our first deal
My question is, should I refinance and get as much money out as I can, or not?Specifics:Duplex, bought/rehabbed for $210K ($60K of our own money) We owe roughly $150K.ARV: $265KInterest rate on current loan: 4.875%Cu...
Michael Judkins
Newb with $70 in cash but tied up in a C-corp
The $70k in cash is tied up in a C-corp that I am the sole owner of and they are from my own 401k (funded via ROBS financing). The original business idea (an internet business) failed, and now Im left with $70k from l...
Ronny Crawford
Judgements and Liens?
Hey BP Community,I am getting ready to bid on an online foreclosure auctioned home and noticed a couple of judgements and liens against the home. I would appreciate any advice or guidance on how to assess the risk of...
Braden Burton
8unit mobile under contract land only, winning!!!
Patience paid off, we submitted back up offer and got it signed after seller choose different offer. Now have property under contract. 8 unit mobile park being sold off of 16 unit property for 225k. Need to verify new...
Jack B.
Buy more real estate or hold/call it good/reduce risk?
Background:
38 y/o male. High income IT Management. MBA, no student loan debt (paid off), average paid off car. Sitting on about 800K cash and 900K equity between four properties, 3 of them rentals (I sold a couple)....