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Search results

  1. C

    Where to find Investors?

    REAL ESTATE 
    Hi everyone. Once again, I come to this wise group for guidance. For those who don't know me, I've recently begun the RE investing game a little over a year ago and now have a few condos and duplexes under my belt. I am now looking to make the (relatively) big switch to commercial development...
  2. C

    Hotel-Condo

    REAL ESTATE 
    I have a second home/investment property that is a Hotel-Condo. I received financing for it last year which I am somewhat unhappy about. I want to refinance, but not with them. Unfortunately, I can't seem to find a lender that: (a) will lend on a hotel-condo and (b) do so with decent terms...
  3. C

    Foreign LLC's Owned By CA Resident

    I have an interesting tax issue. I live in California and have an Indiana LLC which acquired a condo in Indiana last year. In California, domestic LLC's have to pay $800/year as a "minimum tax." Apparently, because I live in California, my Indiana LLC which owns an Indiana condo might be...
  4. C

    Investment Property in LLC's, but what about Property Searching?

    HOT! 
    I currently have a couple of investment properties in different states, each owned with their own separate single-member LLC's. The single member is me as an individual. I deduct my costs related to those LLC's directly from the income on their own Schedule E's. But I also have costs that...
  5. C

    Duplex vs. Two Units in Single Building

    REAL ESTATE 
    I am looking at a development now for a potential investment purchase involving a 2 unit building. Each unit is a 3d/1.5 ba. Each cash flow nicely. All along I figured they were titled as duplexes since that is how they physically are designed. It turns out that they are titled individually...
  6. C

    3 bd SFH or 2 bd SFH w/ garage - Need Help

    REAL ESTATE 
    Hey everyone, I am getting very close to doing my second deal (own a rental Condo), but I have come to a pass and need help from all of your wonderful minds. I am looking at getting a SFH (actually, more like a Townhouse) which is located in a development near a medium sized college in...
  7. C

    Go Zone

    REAL ESTATE 
    Is anyone currently investing in the Go-Zone in New Orleans due to hurricane Katrina/Rita? Or is anyone thinking about investing there? If so, what are your thoughts on this investment. Has it been good so far? Any pitfalls/concerns to be aware of? Thanks!!
  8. C

    Real Estate Deductions for a Company

    These two question are for Diane, or anyone else similarly experienced in accounting. I recently set up a new LLC and purchased a piece of rental property (condo-hotel). I was wondering to what extent can I deduct the closing costs? I know that for a personal homeowner, only mortgage interest...
  9. C

    Wow, this is exactly what I was seeking

    Hello everyone, I am a new member to this forum and have been craving the knowledge that this forum has to offer. Hopefully, as time progesses, I too will be able to impart some of my own. Currently, I am a 27 year-old attorney in Los Angeles, but my goal is to become a full-time real estate...
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