Navid A.
How to get paid after a flip
I got wrapped into an informal partnership on a real estate flip project that we are about to sell after 3 months of rehab. We split the costs 50/50 and we are about to close soon. Since the partnership/deal wasn't un...
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
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Do I need a license to broker private/hard money loans?
I heard that there is no license needed to broker private/ hard money loans, Is there any truth to this? I know that you don't need one in the commercial sector. Is there one needed in the residential hard mney sec...
Jon Borowski
Have parents take home equity on their home to finance rentals?
Hi everyone. I'm thinking of approaching my parents with the following scenario. I have a feeling they would be okay with it due to my work ethic.I live in the NY Metro area and want to get into real estate investin...
Alex Silang
What drives you to aim to attain super wealth?
So I had a windfall and can sort of "semi retire" with a part time low stress job. Part of me is considering buying more real estate though. I like the idea of being involved with and affecting the world. But the othe...
Mike Jones
5/95 Percent Partnership For LLC with rental units
Hello, Let say my brother, and I want to for a Holding LLC which will Owned a management LLC. I have 1 rental unit, and will be buying a second one, cash. The first property is on my name. planning on growing the busi...
Michael Moikeha
RE Agent Vs RE Investor Conflict of Interest
How do you mitigate the conflict of interest between being an Investor AND a Broker?
On one hand you try and sell at market value, the other you're trying to buy from said person below market value. Where is the mora...
Derek Bleam
Questions about starting an LLC
Hi everyone, I live in Pa, and I was wondering about starting up an LLC. So I’ve read I have to start an LLC in Pa because it’s where I reside, but I could create an LLC in a state, let’s use Wyoming for instance, tha...
John Newburg
I bought a house, business expense?
So I do day trading at home - it uses to be an apartment but it was a good year and I bought a house outright.Can I deduct the space I utilize in my home as a business expense on next year's taxes?Also do I need a bus...
Rayan Faris
loan money to father with current residence as collateral
Hi,My father lives in NJ. I would like to loan him money, paid monthly to help with his expenses. Unfortunately, he is not always financially responsible. I would like to loan it against his property which he owns fre...