Luca Giani
Flip Houses: LLC and operating agreement?
Hello,I am planning to start with the first flip in Southern California. I know the market is not the best for this kind of operation at the moment but if I will find the right deal we are ready to pull the trigger.I ...
Wade McMaster
How do I look up the owner of a property? Also, advice please
I live in a large, seemingly mismanaged apartment complex in an area that usually commands higher rents, and I'm studying the property, turning it over in my head. I think if I could contact the owner I could probably...
Karen Leonard
Property Tax and Mortgage Interest paid from escrow in 1031 exchange
I am in contract to sell an investment property, and the proceeds will go to the 1031 QI that I've identified. The preliminary Seller's Settlement statement plans to pay the prorated property tax, and mortgage interes...
Chris Bluem
Entity Structure and Tax Planning
Hi, I am looking for recommendations for firms that provide setting up correct entity structure (S-Corp on operating side / LLC on non-operating), and also provides tax prep and planning. Real estate and short term re...
Kathleen DeNault-Ridge
Newbie passive investing strategies
I would like to get involved in RE as a retirement strategy. I am more interested in long-term investing rather than cash-flow. With my full time job, my young family, and limited available time, I have been recommen...
Tim Kersting
Negative net worth, deep in debt, struggling business...
hello all,I'm looking for some advice.... Why else would I be starting such a threat... LOL.Basically, as the subject line indicates, my business is not producing as much as it needs to financially. For the last five...
Account Closed
[Calc Review] Spot the Errors?
View report*This link comes directly from our calculators, based on information input by the member who posted.Hey all! This is my 2nd ever use of the calculator and I was wondering if you could help ...
Eddie Starr
Which would be better: a self-directed IRA, or solo 401k? Suggested company to use?
So, in my quest to find PML, I was thinking about, initially, SDIRAs. It was during the time of doing research, that I came across solo 401k s, initially here on BP.
What I plan to do, is put on workshops in ...
Jack B.
Will my rental property sale trigger capital gains in my case?
I take it the answer is a yes because the sale and purchase price difference.I bought the house for 310K.
I can sell it for 400K.
I put 100K down when I bought it.
I recently cash out refinanced it.
After tra...
Stacey Vilardi
How to I avoid paying so much on taxes on my first flip
I have finally gotten my first property under contract and should close the end of the month or by mid Oct. It will take me less then a month, I hope and pray to rehab. The question I have is how to avoid paying the...