Brett Lee
Capital gains question
I am trying to figure out if I would have to pay Capital Gains on a house. The house when's our primary home and then we rented it out for three years before moving back. So we have lived in the House 2 out of the las...
Michael Macaluso
How can I become approved for a loan?
Hey everyone!I’ve hit a bump in the road on my goal to my first property. I’m having trouble figuring out how to become approved for a loan. My current situation is I’m a bartender who makes 45-50k a year roughly. I h...
Lynn Maher
SD 401k
Hello, I am new and have a newbie question. I am self employed with an S Corp. It is a non real estate business and I am paid as a 1099. I also have a rollover IRA from a previous job. I would like to use the rollover...
Michael Larsen
Where to locate the LLC
New to realestate investing. First property we have acquired is out of state. Looking to acquire additional properties and plan to set up an LLC structure. Does anyone have a recommendation for the best states for the...
Bryce Till
Taxable Rental Income From Primary Residence
BP, I live in Utah and wanted to get some opinions and insight for the below inquiry I will have to include rental income from my spare room in my primary residence. I want to know how this will look on my income ret...
Thien Tran
Deciding where to Incorporate LLC
My partners and I live in California but are looking to purchase / have purchased properties out of state. Should we form an LLC in that respective state or will a CA LLC be enough? We're specifically looking at the ...
Justin Sellers
Starting an RE investment business looking for guidance
Hello,
I am new here and looking for any advice you could share with me on how to start up a full scale RE investment business. I have a business partner and to begin, we are looking to flip houses in the Dallas, TX...
Gregory Almy
Advice on a potential purchase?
Hello, everyone!First time poster here. I've been researching REI for about a year now, and I have an opportunity that I'd very much appreciate some input on. The short story: my mother's landlord will be moving out o...
Stuart Grazier
Paying down principle fast using an open ended line of credit?
Mortgage and lending professionals, I signed up for a program a few months ago that's basically a budgeting tool (kind of like Quickbooks online) that shows you how to use an open line of credit (like a credit card or...
John Lee
Sell or Keep?
About two years ago, my employer moved and I was forced to make the decision to commute > 1 hour each way or to buy a new place; I elected to buy a new house, but did not sell my previous house because I was upside...