Matthew Kelly
New Sacramento area investor
I have been doing a lot of research and found that the smartest way to build wealth with my money is to invest in Real Estate. So I am pursuing my License and looking to network with other investors to flip some house...
Justin Demember
Tax implications on new rental duplex
A 50/50 partner and I just purchased a duplex with a conventional loan. We have a tenant in each tut came with the property and receive 1000 in rent. P&I is $200 with taxes and insurance NOT in escrow. We have no ...
Chris Tryling
CPA Needed for California and Texas rentals
I work in California. And I reside there most of the time. I have a condo in California and have one of the bedrooms listed an Airbnb. I have a primary residence/mortgage in Texas and rent the rooms in that house with...
Soh Tanaka
Selling/Buying a House Under LLC Using 1031
Hello All,I am considering selling a property that is owned by LLC (IL LLC), and buy another one in another state. The problem is, I don't want that particular LLC to buy a property in another state. But my understand...
Alex T.
Legal Notices on Foreclosing rights to redeem on taxlien
Have you ever had an issue where the property owner/entity claims he did not get notices by your attorney after the sale? How did you/your attorney defend yourself? What affect does it have on the lien interest, and ...
Ruben Rodriguez
Seeking opinions on tax and LLC strategies for overseas investment property
I'm an American citizen closing on a Riviera Maya property in the next few months. It is a lifestyle purchase, meaning partly for personal use and partly for short-term rental. I plan to get dual citizenship (U.S. and...
Bruce Lynn
Here's your competition buying liens in Chicago
Alden Global Capital, known for owning the Chicago Tribune, has invested in Chicago's delinquent property taxes. With a total expenditure of nearly $2.4 million, Alden's venture purchased unpaid taxes on over 600 prop...
Roger Deweese
Self manage STR through checkbook IRA?
Hi all,New here and looking into investing in short term rentals but have lots of questions. I have $140,000 in a ROTH that I would like to convert into a checkbook IRA and self manage both the ROTH and the properties...
Pandu Chimata
Flip tax filing question - this year or next year ?
We bought a property for flip last year and we have completed all the work last year but the house is still on sale. All construction expenses are incurred last year only but the house is still on sale. Should I be fi...
John K.
Agent forming an LLC or S corp
I am currently taking an online course to become an agent in New York. One question I have is in regards to an LLC or S corp for tax purposes. I keep getting conflicting information on weather it is a option or not as...