Mike Komenda
Flip property turned principal residence? tax considerations
Thinking out loud a bit here but there is no better place to do it. My wife and I are at the in between stage of our careers where our salaries are going to more than double in the next 4 years.
My family has...
Angie Menegay
Warranty Deed to LLC & Mortgage Interest
Hi everyone,
I don't know if this question has been addressed before (my apologies if it has since I couldn't find the right thread). I'm thinking of deeding our rental properties into an LLC (our lawyer suggested Ge...
Hannah Hammond
Luxury Home Fix and Flips
Hey BP! I am a Real Estate Agent in Arizona and specialize in luxury property sales in Scottsdale, Phoenix, and Paradise Valley. I have been researching different real estate investing methods for years and have learn...
Christy Glenn
Any advice before we become landlords???
Hello BP Members, Any advice is welcomed before we become landlords. Thanks!Christy Glenn
Ashley Ketvongsa
Subto Newbie looking for answers on an impending foreclosure
I’m a real estate agent and have been approached by a neighbor who is in the very last stage of foreclosure (within the month). We are meeting with them tomorrow to discuss and view their home. At this point we couldn...
Andre Smith
can you market that you donate some of your earnings from a wholesale deal to a charity cause?
hey everyone my name is andre smith and im currently working on my marketing strategy, so after about 9 months of showing face in a local real estate club(showing face is not just showing up to the events but really g...
Account Closed
Talked with a Lawyer Today. What do yall think?
Brief Background. I live in Texas. I'm an engineer by profession. I've owned 4 rental properties at one point in time. I've since consolidated down to one rental property that I currently own. My plan/aspiration is to...
Philip Aleman
Transfering property to an LLC
A friend of mine was instructed by his mortgage lender to close on a property in his name to get a better rate. After closing he transferred the property to an LLC owned by himself and 2 partners. Now he is having iss...
Ciro LoCascio
1031 Reverse Tax deferred Questions
So here is my situation. I am in contract on a 3 family home for $815k which I will be getting a loan and will be required to put down 25%($204k). Now I have another property(2 family) that was own for about 30 years ...
Rodney Williams
Whoesaling a Note?
I posted this in the Note Forum 5 hrs ago and no answer. Maybe someone here can help
I was scouting for houses in my target area and called the number posted. After talking to the seller it sounds like they purchase...