Michael Creamer
How to avoid personal income tax on rented 2nd home
I have a house that I have a mortgage on and it is listed in my name and I’m looking to find out information about how I can achieve better tax benefits for things like avoiding income tax for collecting rent and how ...
Andrew Postell
HOW TO: Avoid the “DUE ON SALE” Clause
In continuing with my “HOW TO” series I thought I would post on a topic that has reared its head again lately – the notorious “due on sale” clause (key terrifying music). Every few years this will get talked about an...
Chris Marshall
What to do about gift taxes
I'm new to the investing world and I am getting my start because of a generous family member. They are gifting me property free and clear of any debt, and we are going to refinance the property and take on a loan to p...
Jahan Habib
Self Directed IRA + FHA/HUD Multifamily Financing
I am looking for some advice from SD IRA and HUD/FHA Multifamily financing experts here. I am interested in a 8 unit multi-family (7 residential + 1 commercial units) in Rhode Island. I would like to set up an SD IRA ...
P.J. Hankins
So I gotta know...
For the most part I'm venting here, but I'd love to know how many of you who are years into this and running a successful REI business for your selves, A) at the beginning felt like throwing your hands into the air, a...
Heath Neely
Credit Union offers loans for LLC, but must personally guarantee
So I before I started shopping for my first property, I called the mortgage broker that I used the last time I purchased a house. I decided that the rates and closing costs he quoted seemed reasonable for a 30 year te...
Mika Manzo
Hawaii STR or San Diego LTR?
Hello from a new member! I am trying to make a decision and was hoping to pick some brains from people with experience. We currently live in San Diego and have a LTR that’s doing fairly easy, profiting about $300-400...
Garrett Spear
24 hrs before closing, seller demands 30-day post-close occupancy
In April I got a four-plex under contract, sourced from the MLS. The seller/owner occupies one apartment and the other three units are used as storage. The seller took their time getting their loan payoff and tax info...
Tee H.
Pre-foreclosure Process Clermont, FL
Hi,
I have a family member who's home was under her mom's name but her mom passed away. The home is currently in pre-foreclosure process. What can I do to acquire this property through the pre-foreclosure process? ...
Quentin Johnson
SubTo on a property nearing foreclosure
Hello All, I'm considering securing a property that's nearing foreclosure. The plan is to SubTo but I'm unsure of the deals viability. House was renovated prior to the initial purchase. It's move in ready. Original Pu...