Blaid Butler
Probate, 60k equity, first time home buyer, tax mitigation
Hi everyone,First time posting and am new to this world. I have an opportunity to buy my grandmas property at 341k and is valued at ~400k. We will have to go through probate to become administrator. My questions is, a...
David E.
Foreclosure Property that set for auction July 2019
Hi,I found a vacant house that that's was foreclosed 6 years ago. I contacted the original owner, and that's the story she gave me.I called the local county Tax Assessor that they redirected me to the local Land Comm...
Tou V.
Need help: Subject to and want to sell
How can I best salvage the situation?Years ago did a subject to which was not recorded in California. Been collecting rent and claiming interest and expenses on tax returns per terms on the contract. Now I either wa...
Lavon Newborn
Name or LLC does it matter?
Is it ok to you your own name to wholesale your first deal? And then set up a LLC with the funds. Is there any pros and cons to this?
Jordan Hurd
Should I sell or rent my house??
Hi everyone,First post here and I have a question about either selling or renting my current house. I am moving to a new area where I will be renting an apartment for at least the first year. I have lived in my house ...
Cheryl Collins
CA C-Corp parenting WY LLC to Parent Foreign State LLC's
Just starting out as RE investors - we have a CA C-Corp started via a ROBS strategy. We are looking to start Flipping in other states (TX, TN, NY, FL etc..) we have the question out to my CA CPA for the C-corp and wh...
Louis Zameryka
Help Understanding a Lien
They have about 5 years of these lines and total about $50k including penalties. last sale of the home was in 2016 and listed in the county records as $0 and the Condition of Sale listed as Other Unusual Factors. An...
Michael Shenouda
My first attempt at the "4 square method" What am I doing wrong
Hello all,So I'm attempting to learn by using the 4 square method on properties I see online to A. See if it's a good investmentB. Compare my results to the numbers provided by whichever site I'm looking at.I included...
Jonathan Smith
Tax question regarding hard money loan
A friend and I both provided half of the capital for a hard money loan used to flip a house. He is a real estate agent and got to list the property as part of the deal. In addition to the interest income I received ...
Ron Daugherty
Primary Residence with two lots tax question
Question for the Tax Pro's out there. We are considering the purchase of a home that include two city lots. Currently a home is on one lot and the lot next door is vacant. The purchase will be for both lots plus ...