Tom Patel
Tax consequences for deed in lieu.
What will be tax consequences for borrower of rental house giving property back to lender through deed in lieu with following situation.(1) Lender issue 1099C , No deficiency judgement.(2) Lender don't issue 1099C , N...
Cameron Andrews
LLC Annual Report Fees
Hello! Is anyone aware of alternatives to paying LLC annual report fees? There's a hefty $300 minimum per LLC in Tennessee. This will become more important with numerous LLCs.I know this is a question for a CPA and/or...
Gary Wright
When to file for LLC or Stay as a sole proprietor
Hello everyone ! I am very new to Real estate investing and I do not own any properties yet. My question is, should i file for an LLC while i am educating myself or stay as a sole proprietor and wait until I get my f...
Justin Elliott
Buying individual apartments in an apt buidling
Hi BP,I found an off market deal in Minneapolis that consists of 7 units in a 65 unit apartment building. Lots of unanswered questions at this point that I will be finding out in the days to come but I'm curious, gen...
Patrick Howell
Solo 401k book keeping
I've been looking a lot at a self-directed solo 401(k) as a long term tax shelter for investing in RE. My question is this, once I get it set up, where does it "exist?" I have a single member LLC and my understandin...
Kikuye Llamaguchi
Advice investing $540k for cashflow and under the 1031 exchange..
I have a similar situation as @jenpothilat 's posting, both of us living in expensive cities (Im in LA) with $540k cash to invest but I have a different goal and more limitations. My intent on this next purchase is t...
Bobby Holley
What is the most efficient repair schedule?
What is the most efficient timeline schedule for repairs to get your contractors lined up for the job? The house we are flipping requires cosmetic repairs. They are: 1) Interior paint, 2) granite countertop and back...
Brian Kehoe
Sooo I met with the architect yesterday
So I have a multi family on a "double lot". The property is 68' wide and single lots in the area are 34'. It was my assumption I could just split the property and build another multi family next door. Boy was I wrong....
Linda Roberts
Need advice from those who deleaded in Massachusetts after 2017
Hi, I need an advice from those who deleaded units in Massachusetts after 2017(after the laws changed). I purchased 2 family in Malden. The house is in a good shape but need some renovations. I was thinking at the sam...
Blake DeNoyer
BRRRR: Can you do a Residential Refi under an LLC?
As a new investor, I’m considering financing options for the BRRRR strategy. A major concern of mine is protecting my personal assets from any issues that may arise in my real estate dealings. During conversations w...