Glenn Pelt
Aged Shelf Coorporation with line of credit already attached..Please Help!
Hi Everyone, first time poster here in the BP forum, I'm a newer member and investor and love the info on this website. Anyway here is my question. I have been approached by a company that claims to be able to sell me...
Account Closed
Maintain Investor status
I have been flipping houses for 3 years now. I have been doing this under a c-Corp. I have been taxed as a dealer. I started a new LLC to buy and sell house, plus rentals. I learned about dealers vs investors and ...
Tim C.
Question On Tax Implications
Hi guys looking to get some general advice on my situation. I own 12 properties in cash in LLCs (disregarded entity so I file taxes in my own name not the LLCs) but am a foreigner so have only found 2 banks that can ...
Arturo Fuentes
Seller financing from a seller's perspective
Hello, I'm in conversations with my neighbor to sell me her house, and I want to pitch a seller finance idea to her. I want to understand better what this would mean for her, to use that as an argument to convince her...
Victor Taflinger
Do need an accountant?
I am retired Navy living and working Okinawa, Japan where I will probably stay the rest of my life. I am a resident of Washington State. I have a drivers license but no address to call home. I was born and raised in F...
Travis Smith
Using real estate for tax purposes only
Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses. But I will have over a million in pure gross income coming in 25. Plus I may also sell some ...
Carlos Garcia
ADVICE: buying a car 3-6 months before buying a property
Hello everyone!Looking for everyones great advice on here before pulling the trigger. I have a unique situation in which I leased a car (2017 Jeep Wrangler) I love it and I am looking to buy it before the lease ends, ...
Brandon Schlichter
Is this a good strategy?
Hi all , I'd post and find some insight on what i'm doing in my venture into REI.
First off , I've been a real estate agent for a year now, which really helps me locate good deals, and also gives me a % discount on w...
Kyle Collette
Securities Backed Line of Credit (Pledged Asset Line)
Hey BP Community,Question for you all: Looking to open a Line of Credit (called a Pledged Asset Line by Charles Schwab) against my brokerage investment accounts. Does anyone have any experience with this? I opened a H...
Jim Murphy
Tenant Screening- Limited Credit History at 50 years old?..
I recently posted a listing for a unit in my 2-family which has had a lot of traction. An overwhelming amount of inquiries flooded through my inbox in the passed week. I tried to narrow it down to only a handful of pe...