Martin A Phillips
Can revocable trusts lend money to the public?
Hello, I am taking a shot here, I can't find this online If I have a funded revocable trust, can I use it to issue hard money loans for real estate publicly? If so how does it work? Is it legal and are there tax benef...
Derek Mendez
Loaning money to multi member llc I’m in
HiHad a tax question I’m trying to wrap around.If I loaned money, such as cash at property closings or my credit card for llc to use. Besides reporting any earned interest I get; if the llc goes under can I write of...
Varinder Kumar
starting your own property management company
we have a multifamily property and we would like to have more savings via write offs. is there a way of creating my own property management company maybe under LLC Or some form of entity and then have that manage the ...
Shanequa J.
Property Insurance refund
How do I get an insurance company to refund me (buyer) the remaining balance of the seller's property insurance? Do I need an authorization letter or is the purchase contract where the seller agreed enough?
Jason H.
Investing while paying child support.
So I have kids with an ex which whom I pay a substantial amount of money to live comfortably because I make almost twice what she does. We have 50/50 custody and I am searching for ways I can invest in Real estate. M...
Cory Pippen
Do I need my LLC to be registered in the state I'm investing in?
I'm looking at Detroit currently, Section 8. I've heard of some places requiring the LLC to be registered in that state if you're operating there. Does anyone know if that's the case here?
Account Closed
Building Loss affecting AGI
Hi,I apologize if this question has been asked. If you form an S Corp with your properties and your building has losses, can you write off those losses against your AGi?
Jennifer Fernéz
Expenses
Could someone give me an idea what types of expenses, other than repairs, that come with owning a rental property? For example, is there home owner's insurance and how much is that a year?Also, is it better to have ...
Chheang Yang
Help with business structure for small rental/flipping business
Hi. I have been flipping 4-8 properties per year. Some with partners and some on my own. In addition, I have a bunch of rentals with a partner. I am looking at other partnerships. I would like to structure a more...
Chris Coleman
Buyer and Seller both doing 1031
Can a Seller and a Buyer use the same company for managing a 1031 Exchange? If so, should we?
I’m selling a property and doing a 1031 Exchange into a new property. The buyer of my property is also doing a 1031 into...