Neil Polehn
Using the tax code to pay for upgrades to my dream home (hopefully)
Hey All,I just used a cash windfall to buy my dream home in San Jose for 1.6M and, as it was very dated inside, I am spending 200K to dramatically upgrade the kitchen, bathrooms and flooring with premium materials an...
Josh Wagner
LLC vs. Inc for Investing
I searched for this topic earlier, and it did not yield many results. I am planning to wholesale houses initially, and then move on to flipping homes, buying and holding, and much further down the road getting into co...
Esther Thomas
1031 -> primary residence?
Hi Everyone,
I have a former primary residence that I'm renting out and I can no longer qualify for the capital gains tax break if I sell it (have been renting it out for 3+ years).
My question is if I do...
Lisa Zak
To Hold or To Sell - Southern Oregon
Hi..This is my first post! :) - I'm still living in the condo I bought foreclosed in 2015 and now have $150k in equity. I can't currently rent my place out due to HOA ratio / rental rules..but can rent out a room that...
Ronald Cooperman
Note buying - foreclosure
We invest in new jersey. Buy and hold. In our area another investor has ran into financial problems. His properties are over leveraged. One bank has put 3 of his notes up for sale. Each note contains 6 properties. T...
Bruce Rasquinha
SDIRA's as investing tools
Hi, I'm a newbie to the world of real estate investments. I've got one rental property and would like to add to my portfolio. The rent from this property covers the mortgage. I also pay my mortgage for the house I liv...
Kyle Bishop
Seller financing: setup, taxes, and contingencies?
Hello all.
I'm exploring a deal on a property that is well suited for seller financing: house paid in full but desperately in need of work (for which the owners don't have the cash to fix themselves) and the owners w...
Logan Allec
$45k in Roth, I can no longer make contributions...how to invest?
So I've been sitting on $45k of cash in my Roth for some time now, and I can no longer make contributions due to IRS limitations. I'm wary of sticking it into the stock market like I did since I graduated college in ...
John Voychick
LLC taxes. Do i need to open out of state LLC?
I have read a lot but am still unsure. I live in California, investing in Florida. Which state to register LLC in?I will be flip and sell and flip and hold. I have a regular w2 day job making 90k.How will LLC help my...
Steve Jeffries
Tax Question
My wife and I have decided to go full steam ahead with building out rental portfolio. We are currently closing on our second property under our newly formed LLC. With tax season fast approaching, we are wondering if w...