My husband and I are looking to buy an apartment complex in the next year. We are working on our investing education as well as our criteria. Ideally we would like at least 15 units. We have 550k in cash and would be ...
Would love some feed back or thoughts on this.I'm looking at a private sale of a rental house. What do you think? I would need to purchase all in cash immediately and then re-finance later. $145k price, must be all ca...
Good idea? Where would you handle most expenses? Divide them out or under one specific Llc example.. Gas to drive to the property and lawn equipment to maintain the property along with other home office expenses.
Recently my account was temporarily suspended for violating the forum rules because I had a link to the following disclosure, but I was only trying to reduce my liability and stay legal: Arizona law regulates how r...
If you are holding a property as Joint tenants. Can three owners sell their current property and 1031 exchange it as Joint Tenants into another property.Do we need to change title to Tenants in Common or anything lik...
A few years ago I converted a few 401K's into one self-directed/checkbook IRA. I setup an LLC that facilitates the financial transactions on behalf of the IRA.I recently purchased a vacation rental via the LLC, from ...
Hello,I am in the process of forming a partnership with my Realtor friend, to flip my first house. I just had some questions if anyone has similar experience with my situation.The deal we have in place so far is, she...
I am 64 years old, working and am saving 401K offered my my employer. I'm planning to retire in one year but instead of depending on my 401K as my sole retirement fund, I wanted to buy a rental property to supplement ...
Self Directed IRA AccountsHi, I'm curious about the pros and cons on moving my 401k monies into a self directed IRA Account. A couple of questions.1- If I paid (for example) two four-plexes in cash from my monies wi...
Hey guys, been setting up my LLC this week. Want to open a business account in the LLC's name. My understanding is I need to get a tax number. Do I get this from the IRS or from the state of North Carolina? Anythi...