Tyler Bierce
Finance a car to purchase property: creative or crazy?
Hi all. I have an idea that I'm curious to get some extra eyes on because, as the saying goes, "you don't know what you don't know".Short version: I am considering selling my truck and financing a newer one so I can u...
Jorge G.
Is this seller finance deal good or bad
Seller has offered to finance his 600k property with the following terms:
10% down payment and 6 percent interest rate. The goal is to wait for rates to go down and me refinance in 3 years for a better rate. The goal...
Hudson Doyle
Unexpected Paper Profit Tax Liability
I bought a 2 family the end of 2012 and have now completed my first year as a landlord. My accountant recently provided me with my Schedule E tax return for 2013 and I was surprised to see that my taxable income i...
Shaun Hunt
Just found out I won’t be getting a 1099 so now what?
First of all, thanks for reading this post. Here is the long story made short.#1 I purchased a half acre lot in 2012 for $15,000#2 I teamed up with a builder and signed my property over to him, he then got a hard mone...
Ryan E.
Business Structure for holding/managing properties
In the past I've held properties in my name and received rents in my name at a generic mailbox and never had a problem. Also, I have umbrella policy that covers additional liability exposure for my properties. Now I...
Colleen Ferrari
Losing deductions due to income cap
Hi-- this is my first post to the group. I joined a few days ago so please forgive me if I do this wrong. I read many articles and books on investing in real estate. I have owned a few rentals for 20 years or more, an...
Jimmy Chin
First rehab - contractor went MIA
Hey everyone,I'm currently rehabbing a property for rental and my contractor is now MIA. I've tried calling, texting, and emailing but I'm not able to reach him at all. This has gone on for a week now and he has left ...
Michael McDaniels
Adverse possession laws.
I know of a property that the owner has died. Their is no next of kin. The home had a small fire in the living room and so the house needs work. The town has placed deficiencies notices on the property and I am told t...
Allen Magtibay
Strategy for ending an LLC
Hi I'm a novice real estate investor and wanted to pose a question to the RE veterans here on the strategy I should take regarding my situation. I'm in a LLC with 3 of my siblings and we are looking at closing the LLC...
Brooke Morton
Have you bought a home or investment property using your 401K?
Hi! I write for Realtor.com and am looking to interview someone who used their 401K to buy either a home for themselves or an investment property. Is this you? If so, can I interview you for a story? Thanks! If you ha...