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 ...
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...
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...
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 ...
Has anyone heard of these or done one? I am selling my business and am looking at doing one of these to potentially defer taxes for 30 years. Any feedback would be appreciated!
Are cost of legal fees and renovations before LLC is formed deductible expenses?
I'm in the process of turning my primary into a rental. I'm doing a refi and putting the money down on my next home. I was wondering if the appraised dollar amount from the refi would be the amount I wouldnt have to ...
I have a good problem on my hands. I am about to close on my rehab that took about 6 months from buy closing to sell closing. I also expect to do very well and receive a big, one-time windfall of cash.
I am...
Long time reader, first time poster. Started purchasing rental properties in 2014 and currently have 14 single family residential properties in southeast Texas. Unfortunately, we experienced damage to all our proper...
All - received a marketing mailer today for my SA properties. They essentially protest your property tax and then you just pay 25% of savings. Is this legit? Or is this company a scam?