Ethan Morris
Entry Level REI--Tax Sales or Something Else?
I would like to start investing in real estate as soon as possible, but I am not exactly sure where I should begin. Here is some background information on my situationGoing into 3rd and final year of law school at UGA...
Zee D.
Tax Liens, Self-Directed IRAs and LLCs
Hi,
I currently own two tax liens in my name that haven't been paid off thus far. It seems likely I'll be able to take action in just over a year to acquire, but understand that I'll get a big tax hit if I end up sel...
Kevin Elledge
Needing Advice on tax deeds. And funding
I have looked over the forums for hours in the past few days with surprise to the wealth of knowledge here. I need some advice or guidance if you will.
I have be talking with a man in my area that owns around 13 prope...
Chad Wan
Lender cannot close DSCR loan due to Tax Foreclosure record on Primary residence
I was applying for a DSCR on my rental property (cash out refinance) and everything seemed ok, my FICO 680, DSCR 1.08, Appraisal $179K, LTV 65%.
Unfortunately, the lender cannot close due to derogatory on record on m...
Katherine Robbins
Flipping LLC being taxed as SCorp
Hi everyone,
I own a development company that primarily flips houses in MA amongst various other GC and design work. When we started a year ago and a half ago, we were told to structure our business as an LLC and ele...
Jeff Cua
Resources/Reading about Tax Write off's for Landlords/Investors
Hi all,
Just want to reach out to the BP community to see if there are any good books our articles that will give me a good birds eye view of what is possible as far as tax write offs as I am a new landlord/RE inve...
Jean Sanchez
Interest deductions and cash Vs. financing
Hi Everyone! I have recently gone under contract for my first duplex in Indiana and it is a cash deal for $75,000. I could not get a conventional mortgage for 2 reasons: a.) the loan amount was too small; b.) we just ...
Jeffrey Chang
How to calculate capital gain tax on sale of rental property?
Hi. I am planning on selling a rental property in 3 months. I am trying to determine how much tax I would be responsible after sale. One thing I am not sure about and I can't seem to get an obvious answer is: are yo...
Tim McConnaughey
LLC or Incorporate?
I am a aspiring RE investor that just received my RE license. Between operating as a practicing agent and buying investment properties I know I need to form an LLC or incorporate. I have received advice for both strat...
Mike Fortune
Portfolio Restructure for Daily Management and Legacy Architecture
Here's the backdrop....For the past 20yrs I've ran a residential design/build company. 10yrs ago I was able to get into REI and now have 6 properties total (2 personally (1-ABNB / 1-SFH LTR)/ 4 (LTRs) in a LLC
with ...