Paul Jamgotch
50/50 Profit Split From 2nd Position... Possible?
Is it possible to structure a no interest/no payment, six-month, 2nd lien on a flip project with intent to split net profits 50/50 rather than receive an interest rate? Because the actual loan amount is small the 5...
Blake Powell
My First time flip - help please!
quick question here. I was wondering if I bought a secondary house to flip and I did the renovation myself should I have it in a llc? Is the any legal issues with me buying, doing the renovation with my own hands and ...
Praneeth Pantham
REI LLC formation by resident non US citizens
We are six friends (from different states - NY, DE, VA) who would like to get into real estate investing by buying a property under a LLC. Four of us are on H1-B visa, and two of us have a H4/EAD.Right now we would li...
Account Closed
Avoiding a 35% tax bill and real estate 'dealer' classification
It appears the difference between a 15% and 35% tax bill is whether or not you are classified as a real estate dealer. Many consider you an RE dealer (or at least the IRS does), if you have a way of selling the prop...
Chad K.
its a bad idea to start a real estate company??
Im currently wholesaling real estate in the Charlotte area. I think its time to take the next step an start a company. If you have any advice on the A to Z steps I would need please leave a comment.
Jamie Flowers
Using LLC for personal use
Hi,
I just recently created an LLC for providing referee services. In the past, I was just doing it as an independent contractor, but now have decided to create a business out of it. As an independent contractor, I ...
Paul Brogan
Soon to be landlord in SoBro
Hey Everyone!My girlfriend and each own our own homes and are only 3 blocks apart. I'm currently flipping my house to live in at 51st and Norwaldo and once that is completed by the end of 2016 we would like to rent ou...
Rox P.
Foreclosed Properties Not for Sale
I am looking at foreclosed properties for a small REI -small condo or small 2-3 flat for house hacking- in the Chicago area. I see that some appear as foreclosed for a while, over a year sometimes, and appear as owne...
Bob Randolph
CPA for SD IRA owned SFR?
I became an accidental landlord after the Flipper I loaned to welched on his payments. Now i'm collecting rent and doing the landlord dance. My question is; Can i get any deductions for time, mileage, etc. when my S...
Alisha Burgfeld
Looking for an attorney in Clarksville, TN
Hello everybody,I was wondering if anybody has a recommendation for an attorney in Clarksville? Specifically to close contracts and also to discuss setting up an LLC.Thanks!