Jesus Ramirez
Wholesaling in New York
Hi all,
Is wholesaling legal in nyc? If so any wholesalers in the metropolitan area. I would like to begin wholesaling. I’ve watched several videos on YouTube and many articles online as well.
Alexandra Psarakis
Putting a property under a trust
Hello- My mother and grandma currently have a property that they own together. As they are getting older they would like to put it in a Trust in which I would be apart of and be the successor trustee. I was just wonde...
Eric Tomlin
SDIRA valuation question
Good evening pros!I have an LLC funded by two SDIRAs (1 traditional, 1 ROTH). My plan is to convert 20% of the traditional to ROTH each year, so that at the end of 5 years, the LLC will be wholly owned by the ROTH.As ...
Brandon Purdeu
When to establish a LLC
I'm searching diligently for my first flip property. My agent and I are going out this afternoon for the 3rd time, just being patient and I want my first one to have a little extra padding for mistakes which I'm sure ...
Mark Carson
Consequences of loss on unsecured note held in Self Directed IRA
Hi - I'm looking for some advice on resolving a SDIRA issue:My Self Directed IRA made a unsecured loan to an individual (not a disqualified party).The borrower is unable to repay the loan according to the terms of the...
Wendy Vaidic
What Triggers Self-Employment Tax on Short-Term Rentals
I've read conflicting information about what triggers you to have to pay self-employment tax on your short-term rentals.There seems to be a consensus that the following does:Airport TransportationProviding cooked meal...
Serge Velet
New Flipper - need advice and help on how to best manage taxes
Hello all. I am new to flipping and I am nearing the completion of remodeling my first property. After this property my hope is to do 2 or 3 property remodel and flips within a single year. I'm an engineer by train...
Jillian Ez
When to form Corp or LLC for my short-term rentals
Hi!I own one property that I live in and Airbnb when I travel over the summer. I also have 2 rentals units that I Airbnb. When is it time for me to incorporate? All three properties are in Los Angeles. I’m thinking ab...
Graham Vanderheide
Investment Property Financing and 3 member LLC
Anyone have thoughts on the below?? Looking to understand the easiest / simplest way to cash out refinance the property and use the capital to purchase our next property.Long story short...
- Bought an investment pro...
Mel Park
My 2nd deal is done - 1st one in Atlanta
It's not a home-run. Yes, leveraging would be a better return - but I'm 46, retired, no W-12 income. Gonna work with a broker to get future mortgages, but for varied reasons I needed to invest some cash. Metro Atl...