In the third and final segment of Real Estate Tax Deductions, I want to discuss At-Risk Rules, Basis Issues and Excess Business Losses.
At-Risk Rules
An At-Risk rule is a tax shelter that limits the allowable deduc...
Hi BP,
I'm officially off the bench and have started actively wholesaling. I've spoken with sellers this week, viewing properties, and started a yellow letter campaign.
Hoping this will bring me closer ...
ARV is $115k-$130k Rent in current condition is about $850 / mo. plus utilitiesTaxes $200/mo and estimate insurance at $60 / mo. Property is 2BR ranch on street with many small ranches. Nice area and well maintained...
Hi All, I am in the process of closing on two SFR's in upstate NY. I am putting them under the same LLC. I was wondering if I could get some advice about the following:1) How should I set up bank accounts for these? 2...
I have an opportunity to co-sign on a home refinance loan and in return, take 50% equity in a SFR in California. Currently, the Title is in the name of the current homeowner, who is having difficulty making her curren...
Hi everyone, total newbie here...my first post. I am looking to purchase a single family home in Austin Texas for about $500K and then rent our existing home (also in Austin) - which we can net cash flow about $1,000/...
i was told by a Rehab/Hard Money lender that in order to refi after the rehab is complete i will need a score of over 700...and they advised me to move my current 4 rental multi family properties into an LLC and that ...
realtors are licensed.
what about those who do short sales? Are there certificates or other licenses to show credibility?
thanks
Purchasing 3rd Rental unit (50k 1br/1ba short sale)
own a rental house free and clear (about 100k), but plan on selling it in a year or two....
rental w/ 60% Loan-Value (190k-115k)
have about a 70% Loan-Value (243k...
February 2014, my partner and I purchased 5 second deeds of trust having a balance of $1,300,000 for a total purchase price of $107,000. Two were in CA and three in AZ.Thirty days later, we sold the two in CA for $...