Recently bought a rental that I am living in and will start to renting it out early next year. I’ve done my calculations and have seen that I will be breaking even with this investment day one. On a rental that’s not ...
July 13' my parents gave me a loan for my primary house because I am self employed and had a hard time getting a loan. I should be able to get a loan after tax season and buy the property. Since they are helping me ou...
Hi BPI am future planning.I kinda know about 1031 exchange but never done one, b.c #1 timing and #2 not cost effective at the time------I bought a duplex that has 2 separate deeds, I am currently rehabbing and hopeful...
I'm getting prequalified for a loan at a large national bank. He requested for my pay stub, last 2 years tax returns, any applicable w2 and k1, and 2 months bank statement for source of down payment. This all seems ...
I wanted to ask the experts here how they go about doing due diligence on a property. What is your process and what I should be looking out for?
Thanks,
Chanel
Does anyone know of a good preparer in the Lubbock Texas area? Last year as my first year with a rental house and I have always used Turbo Tax in the past to do mine.
I found an interesting deal for a lake home that could serve as a primary home with 2 apartments below. I’m considering purchase options.
Option 1 - I can sell my primary home and purchase the lake home.
Option 2 -...
Hi,I live in california, but I find a property that I am interested in. In california, an LLC costs 800 minimum tax payment. Is there a way I can set up a LLC outside of california? If so, which state is the best? ...
We established an
LLC at the beginning of this year, with just two members – my spouse and
myself. We reside in a community property state and file our taxes jointly as a
married couple.
Throughout this
year, we...
i am renting 3 properties. when i bought my first rental (rental 1) in 2013, i was a noob. i didnt read much on this forum but i knew the property was a good deal. the home is in my name and only my name. in april...