Kristy Pedersen
FHA 203K Renovation/Live in Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $110,000
Sale price: $335,000
I bought this home using an FHA 203k renovation loan. I lived in the property for 3 y...
John Vietmeyer
Did your LLC work for you?
Does anyone have a first hand example of how a LLC worked, or did not work, for them?I currently have 3 properties with an umbrella policy and an could contemplatin setting up a LLC moving forward. I actively manage ...
Gytenis B.
Owner financing plan. What would you ask for?
Hello Colleague,I have a questiona bout the home owner finanting.A bit of background. I am a young working professional. Spending approximately 45% of my income and saying the rest for real estate investments.Because ...
Craig Tripp
Is it hold cost or capital gains?
To the CPA/investor/developer community:I am under contract for a parcel of industrial land that is 9 acres. I want to maintain approximately 1 - 1.5 acres for building a warehouse space for my company as a long term...
Michelle Marshall
How to report profit from a "flip" that I never owned?
How do I characterize/report the proceeds from a "flip" in that I never actually owned?Last year I loaned my best friend money to get out from under her house. I loaned her money up front to move out and get settled ...
Account Closed
Is it possible to get step up in basis with shared LLC ownership?
Right now I do not have any ownership in my mom's LLC (she is a multi-family investor in the US) but I will be joining her real estate business in the future. I currently own and run a separate c corp which I will exi...
Arturo Paturzo
Shaping a business: Housing RE Vs Land RE
Hello everyone,
I just started and I'm still in my education phase but I truly believe that professional success hides in specialization: once you've become the best in one niche (you'll never get there, but trying w...
Menachem Krasnjanski
LLC for a Syndication
I'm investing in a syndication and I'm wondering if people set up an LLC as a LP in each deal they invest in
Stacy C.
First investment purchase - parternship question
Hello, hoping someone can give me some simple guidance / advice on how to approach our situation.I've done my fair share of googling and there's so much info, it's hard to really sort it and make sense of each scenar...
Matt Hays
California Dreaming (Entity addition)
I've been renting out a single family residence in San Bernardino county California for approx 8 years, and have been relying on insurance as my sole protection.I wanted to level up my asset protection game by creatin...