All Forum Posts by: Jay J.

@Tracey Thornton  message sent.

ok..   cool!  Thanks for explaining!!

Thanks for the reply @Brandon Hall, but how can a small time investor  take advantage of that?  Or is that type of thing only for the 'big fish' ..?

Hello Tax experts!  I have a question.  (and I know nothing about RE taxes)

I'm sure most people have heard the latest headline about D. Trump and his (almost) a billion dollar loss that (presumably) he carried forward to avoid taxes. So, with that in mind..

Say you're a small time "Mom & Pop" type investor. Maybe you have less than 10 properties that you self manage.  You carry some debt on the properties (for the sake of argument, we'll say %50) and they generate decent CF income. 

Is there anything about what Trump (presumably) did that the 'average mom & pop' investor can take advantage of? Would the owner of said properties need to have them in a LLC? or something else? is there a dollar amount / # of properties that needs to be reached??

Obviously, not on that scale, and I'm not looking to screw my local municipality out of tax money (I honestly have no issue paying taxes), but what are some of these 'little known tricks & loopholes' that apparently only the rich know about. 

I hope this even makes sense, and I'm sorry if this question is super broad. :-/

Is this related to the recent (well, not really recent, but) Yahoo hacking incidents?

By company, I assume you mean LLC?? I think your seller might be getting nervous, so he's/she's wanting to tie you (you and your husband) to the note instead of the LLC.. did you have a contract signed with the previous details?

..I'm not an expert, but that's what it sounds like.

How much are you putting down?  If you increased the down payment, would the seller be ok with it as previously agreed?

Is there anyone here who is familiar with the Veterans Homeless Shelter Program? preferably someone in Ohio..   As a veteran myself, it seems like a great program and I want to know more to see how I can help.  (http://www.benefits.va.gov/WARMS/docs/admin26/Hand...)

Any info would be great!

Thanks!!

Congrats @Hud Hudson !!

Check out this blog post from @Brandon Turner for info on getting great tenants in that property of yours!!  Tenant Screening: The Ultimate Guide --> http://www.biggerpockets.com/renewsblog/2013/01/27...

Good Luck!!!

@Evan Bridges  ..You can register for the webinar, then view it later..  (at least that's what I do)

I have a 9-5 job but that allows me to get the info from the webinar, and not get in trouble at work!!

Welcome to BP @Account Closed !!You have already set yourself up for success by joining BiggerPockets!! This is really the premier place to start learning about RE and what it can do for you!

1. First things first, learn the basics --> http://www.biggerpockets.com/starthere

2. Then, download the BiggerPockets Ultimate Beginner's Guide and start reading some more!!
The UBG will will walk through many of the key topics of real estate investing. Ask anyone here, its an invaluable resource. --> https://www.biggerpockets.com/real-estate-investin....
3. Once that's done, get to listening to the free BiggerPockets Podcast - A really great podcast with interviews and a ton of great advice. --> https://www.biggerpockets.com/renewsblog/category/....

and most importantly, POST YOUR QUESTIONS!!
..after all, that's what BP is for. Good Luck!

:-)