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investment property? I really want to buy a rental investment (like duplex) and I need some guidance: 1. Should I form an LLC to protect my potential lawsuit and purchase that rental property under that LLC? can I avoid an LLC due to fees/costs? 2. I am in CA and looking out 3 different areas: Austin TX, Vegas NV, or Raleigh-Durham NC. Which one do you think I should look into in terms of long-term investment (at least 7 years) and taxes/fees consequences Thanks

Investment Property? If i purchase triplex as an investment property in California but later on decide that i want to live in it, can i? Rules about it and things i need to know if i decide to do this. If I rent then live in it and rent again any rules? When the units are being rented I need to claim rent as income on my taxes and then i can subtract expenses( HOA, depreciation, etc..) . So when I move in can I claim 1/3 of the property as my primary residence and have my interest on mortgage tax deductible?

Investment property? Investment property? I am buying a condominium for $125,000 tenant occupied currently paying monthly $1150 (soon will increase to $1200). The common charges is $435/monthly. Do you think this is a good investment. My current mortgage will be $680/monthly.

When you convert your investment property to primary residence are you required to notify your lender and refi? What if you convert from primary residence to investment property? Do you have to notify your lender? Do you have to refi? Aren't the interest rates different for primary residence and investment properties?

We are buying an investment property. With little to put down, what is the best way to finance the property? We have a large amount of equity in our current house. We have no bills other than the mortgage on our current house. Is a home equity loan to get to the 20% down payment and then a conventional loan on the investment property itself the best way to go? Or is it best to finance the investment property itself rather than using the equity in the primary residence. We could finance 100% of the loan purchase price or do a secondary mortgage to come up with a 20% down payment.

Reinvesting the captial gains from an investment property into another property? How does that work? Is it true that if you use the capital from the sale of an investment property and put that towards another property that you will not be taxed on the capital gains via tax? How does this work exactly? And can you use the capital gains toward any type of property such as a primary residence or a second home or does it have to be toward another investment property to avoid paying capital gains tax on those proceeds?

When realtor buy an investment property and put their realtor rebate back to the settlement, is it taxable? I have two answer. 1) If put back to settlement, it is not taxable. It only reduce your purchase price, when you sell your investment property, you have to pay tax. You only need to pay tax if you get check directly from the builder. 2) Another group think 1) only apply to second home. For realtor buy investment property, even realtor put rebate back into settlement, they still have to claim it as income and pay tax on it. Which one is true, any website as support document? Thanks. If the law will be different from state to state? I am in Maryland.

Tax implications of Investment Property Income to a minor? My husband and I just bought an investment property that we intend to rent. We purchased the property for a 10 year old minor with the intention of us making the monthly mortgage payments and the child receiving the monthly rental income (approx. 12K annually) to put in a savings account. Will our 10 year old have to file taxes on this income?

How do I report interest in 2006 for an investment property sold in 2005? Hi. I received a 1098 substitute form in the amount of $2000 for interest on an investment property loan. Funny thing is, I sold that property on Dec 30, 2005. So for my 2005 tax return, I submitted a form 4797 for the sale of the property. So maybe the loan wasn't paid off right away and interest accumulated in 2006. The 2006 interest must have been paid from the closing costs… after the closing on Dec 30, I did not personally pay for any additional expenses on the property. So how do I report what would normally be a business expense of $2000 for a property that I never owned in 2006? Or maybe I should not include the 1098 in my 2006 return since I did not pay anything on that loan in 2006??? Thanks for any good advice.

How to form a compny for an investment property ? I am planning to buy an investment property. All my instincts say that it would be wise to form a compny for that. I am pre approved for a mortage but I have no clue how it works. My question is Mortgage company approved me not the new company that I am planning to form, which I will use to buy the property. How does this technically work can someone help me please ?

Can we sell back a short sale investment property to seller that has no relationship to us? We bought an investment property next door with the intention of renting it out. Now the seller has expressed interest in renting for 3 years and buying back the property at the end of that 3 years. Is this legal?

I am looking into purchasing an investment property to rent out. How much of an increase is home owners? How much of an increase will my home owners insurance be to insure an investment property verses a primary residence? Thanks.

Is it wise to buy an investment property with a friend? I'm planning to buy an investment property when I'm 18 (16 currently) and rent it out. I've brought up the topic at school and some friends have expressed some interest. When the time comes should I buy the property with a friend? the worry I have at this is when the property appreciates in value, we might have different idea on what to do with it. What are your thoughts? would you do it?

Is refinance a must to convert my primary residence into an investment property? I am buying another home and making it my primary residence. I am planning to rent out my current primary residence, on which I have mortgage, thereby making it an investment property. Does that invalidate the mortgage terms because the mortgage was issued with the condition that the property be used as a primary residence. Do I have to necessarily refinance it by classifying it now as an investment property? Thanks in advance for any help.

What should I look for in an investment property? So that it can be positively geared? How do I determine if a property will make a good investment? Is there a checklist someone can reccommend?

What is the effects of letting an investment property go into foreclosure? I have been trying to find out what happens when letting an investment property go. Is it the same as a normal foreclosure or short sale, where you get taxed on the difference? Or is there some other route this takes. Just a question not my situation!

How do I purchase an investment property. Living at home so living costs are low? I really want to enter the property market but i'm not sure on the safest way to do so. I'm living with my parents and only have to pay a small amount of board each month so all funds can go towards the payments on my investment property. Please offer suggestions and tips, thankyou

When do you start thinking about an investment property? What rules of thumb are there for knowing when you're in a position to start thinking about getting an investment property? eg Is there a certain amount of equity you 'should' have in the family home before branching out? If you have an investment property, when and how did you do it?

How do you buy investment property with a home equity loan? My husband and I are thinking of purchasing an investment property by way of using a home equity loan on our first home. Is this a smart thing to do? what are the down sides of it? We don't have money of our own in the bank to do it, but it seems like a good time to take advantage of the changing real estate market.

What are the downpayment guidelines when buying a multi-unit investment property? Is it different from a primary home? I am interested in an apartment building to purchase as an investment. What are the guidelines for downpayments on an investment property. Is it the same as a primary home? I have heard that it is not the 10-20% minimal downpayment because if all/most of your units are occupied, this is taken into consideration. Websites are appreciated too. Thanks for your help.

How do you buy an investment property with an LLC? I purchased a investment property then formed an LLC. I was then warned that if I transferred ownership that I would end up causing myself a lot of problems with the mortgage company. I am about to buy a second investment property and want to do it right this time. Do I obtain the loan in the name of the company?

Is it better to buy a newer home or older home for investment property? Im currently looking at buying an investment property. Am doing some research, and in general is it better to buy a new property or older property? I look at this investment as a long term investment and dont plan on selling my rental property anytime soon. Thanks to all those why answered.

Do I need orignal receipts for investment property repairs? I recently did some repair work on a investment property I own (it is rented). Do I need the original receipts (let's say from Home Depot) on the materials bought, or can the person that did the work put it all on one receipt with his labor charges?

I need to foreclose on an investment property in Texas, what are the ramifications? I own my primary in CA free and clear and have another investment in Arizona that is also underwater. I can afford AZ but cannot afford the Texas property but am tied to a lease from the renter for an another 9 months. I need out on Texas. I tried to sell it for the last year with no luck. Is my primary safe and what is the best way to get out without much financial penalties?

What happens when a tenant moves out of an investment property? What are the changes - law wise - when a tenant moves out of an investment property and the owner moves in and occupies it?

How many years would a bank finance on an investment property? I found several duplexes in my area that are around 20k. I have the 30% to put down but not the full 20k. Would a bank finance this as a mortgage and if so for how many years? I would like to put the mortgage on 5 or 10 years. I am hoping to obtain just a conventional mortgage. Would the interest rates be higher since it's will be used as an investment property?

What are some good questions to ask when looking at an investment property? My mother and I are looking into buying a small apartment complex together as an investment property. It would be owner occupied. We have been visiting most with a realtor and a few directly with the current owners. What are some good questions to ask when looking at these types of properties? What are some things to keep an eye out for when being given a tour of one? Any other helpful hints or tips from realtors, tenants, and current landlords out there? For reference, most of the places we are looking at are between four and six units and were built around the turn of century. Between 1900-1940, mostly.

Can an investment property and primary residence be purchased at the same time? My fico scores are above 700. I am 25 and I want to buy my first home, and another property as an investment property. how can I do it at the same time? I plan on getting a "no doc" loan for both. I'm new to the real estate industry, and just looking for a few more answers than the ones I've gotten from brokers.

What will happen to a judgment lien on my residential investment property after I file personal bankruptcy? I have a judgment lien on a residential investment property that I own 25% of. This is the only RE that I own. The mortgage on the property is $115k, the lien is $110k and the property is valued at $200k. If I file personal bankruptcy (Chapter 7), will the lien be removed? What if I sell my share to my partners, do they have to pay the full amount of the lien? Does the lien remain with the property even though I sold my share?

When buying a investment property, should i insist on looking at the tax returns filed for the property? When buying a investment property, should i insist on looking at the tax returns filed for the property to asseses the actual net operating income, which can give me accurate CAP rate.

Is it possible to refiance investment property that is a mobile/home land package? I was given 1 acre of family land, I used that land as collateral to purchase the mobile home. I now have moved and I am told that since the is not my primary residence they will not refiance. The property is now an investment property. When we purchased the home, we were raped with the interesr rate of 10.25% Does anyone know of anyone who made do this Thanks Rhonda

I am looking at buying a second property for investment what type of down and interest rate should I expect? I have an existing mortgage and good credit. Not a lot to put towards a down payment on an investment property. What kind of interest rate am I looking at? A percentage point or two higher?

What's the best way to buy a 3 family home for investment property? I'm 19yrs old second year in college, I have a income of $48,000 a year and I want to purchase a 3 family home for investment property. I have approximately $5,000 dollars with a credit card debt and $10,000 in savings and I'm living in the state of New Jersey. If not a 3 family, what is the best real estate investment for me at this time?

How would it benefit me to buy an investment property to rent out to my daughter with an option to buy? I plan to buy an investment property and have my daughter and son in law rent it ...rather than have them renting from someone else. I also want to give them an option to buy. How could I structure the deal so I gain benefits from it while still assisting my child? When should the option to buy occur and how?

What are the best resources to learn how to buy an investment property and become a landlord? I want to weight the pros and cons of buying an investment property to rent and possibly live in, probably an older duplex. Any experiences or resources would be helpful.

How do I find the ROI on an investment property? I just acquired my first real estate investment property, and I am wondering if someone could provide me with the formula to calculate my cash-on-cash return (ROI)? Send me an email if you need more information, or if you need me to provide you with the numbers.

is it possible to get a HELOC on an investment property that you only own 35% of the equity? I have 35 percent equity in on on property and i have invested 50,000. I want to get some type of home equity line of credit on that particular investment property so i can reuse to funds if some other deal were to come up.. Does anyone know if it is possible and if it is what banks do this? Any advice would be greatly appreciated.

Can a husband buy an investment property without his wife on the deed? My dad and I are looking to buy an investment rental property together and I don't want his wife to be involved. Can he buy it with me or since they are married and it is communal money, she has to be involved too? The rent would cover his half of the mortgage.

Is there any programs for property managers to purchase investment properties with zero down mortgage? I would like to purchase a property for investment purposes (renting) but cant really afford 20 nor 10% down on loans. Is there any loans offered by banks that offer such help for investors?

What are the best neighborhoods in San Jose to buy a rental investment property? I am going to buy a rental property for investment (a Condo, in the range of $150,000 to $250,000). I am not familiar with San Jose area. Could any one tell me what are the best neighborhoods and/or which neighborhoods should I avoid in San Jose?

Wondering what is the best way to finance an investment property? For an investment property (not to live in) should I use a home equity line, traditional fixed rate 30 year mortgage or something else. Let's say I want to hang onto it for maybe 10 years....

How much equity needed to refinance investment property? How much equity does the average lender prefer that you to have in an investment property before they'll consider refinancing the mortgage? 20%, 25%, more???

Does anyone have suggestions on how I should purchase my first investment property? I live in Texas and I'm planning on buying a property to rehab. Unfortunately I don't have the money to pay cash so I was wondering if anyone could give me some information on other financing options. Should I go to a bank or a mortgage company? Are there special loans to apply for? I plan on starting a small L.L.C. company for my investment properties. Is there any government assistance for small businesses such as this? I don't really know anyone in the industry so I am having trouble finding a lot of the information I need.

Can I release equity in my investment property to buy a home? Typically people will release equity in their home to buy an investment property. I want to do the opposite as I have a rental that is paid off, but no home. Can I take out a mortgage against the investment property to buy a home? I would rather be paying interest on a rental that is tax deductible, then just get another home loan with no deductions. This q relates to an Australian investment

Can I write off interest/depreciation or other shortfalls on international investment property on my US tax? I have an investment property abroad, and it is cashflow negative. I've heard that I can only write off deductions on my US tax at sale, not annually like I would if it were a US property. Can I write off these deductions on my US income tax?

can you deduct interest expense from an investment property? I deduct interest from my home right now but if I buy an investment property and rent it out, can I deduct the interest expense from my taxes? vb, what do you mean I'm limited?

Roofing Contractor suggested doing just half the roof for an investment property. does it make sense? Hi, A foofing Contractor I contacted suggested a new roof for just half the roof of an investment property. He said it will cost $3,800 just to do half the roof and that the other half is in a better condition. should I ask him to replace the entire roof or does it actually make sense what he suggests? also, it's in Ontario Canada - is the price reasonable for half the roof of a single family 1600 sq. ft. house? THANKS.

How to make an offer as a Realtor, on personal investment Property? I want to make an offer on an unlisted property, for personal investment (fixer upper). I am a newly licensed realtor and want to make sure I don't violate any ethics.

Can you do a short sale on investment property? I am upside down in a 6-unit investment property in Illinois that is not cash flowing. I have carried the mortgage and expenses for some time now but can no longer afford to do so. I understand the short sale process for homeowners, but my property is purely investment (or so I though) and not owner occupied. Has anyone had experience with this? Any help would be greatly appreciated. Thanks.

Is it hard to purchase investment property in the US from Australia? I'm wondering if I should buy my first investment property in Australia or the US. I'm sure both have their pros and cons, but just wondering if there is a whole heap I need to research (taxes, laws, etc) if wanting to invest in property in the US.

Can a bank foreclosing on an investment property attach a lien on a client's primary residence in Arizona? I have lost my job and am having difficulty renting my investment property which is now worth less than the mortgage. If the investement property is foreclosed on, can the bank attach a lien to my primary residence in Arizona? Neither home has a second mortgage.

Can I transfer proceeds from an Investment property to another without being taxed? I currrently own 2 properties and I'm interested in selling one of them. My question is can I take the proceeds from the sale and investment it to the other property (paying down a mortgage, paying off a second mortgage) and defer the capital gains taxes?

How can I withdraw 401K with Penalty or taxes to purchase investment property? I would like to withdraw funds to purchase and investment property from my 401k. the 401K is with an old employer. What is the best way to get the funds without being penalized or paying taxes? Someone told me to transfer to an IRA account. Is that true? OK, I am 35 and married.

I own an investment property that is now inhabitable. What are my options to stop losing money? Due to the neigboring unit's overflooding, my unit flooded causing major mildew damage. The property is inhabitable and the area has rundown. I do not want to pay mortgage every month for a property I can not sell and can not rent. I need to find the best option to cut this problem without losing anymore money or taking a big credit hit. I don't know whether to let it foreclose or pursue a deed in lieu of foreclosure because I can't keep paying for a dead investment.

Is it possible to purchase investment property with no money down? I have recently moved and was a victum to an adj rate mortgage. Now I am renting for the first time in 14 yrs. My family has agreed to purchase a home for myself with it in their name. We have been checking and for them to purchase the home it is %20 down on investment property? There credit is about 695 so a loan is real possible. We are wanting a way to purchase an $80,000 with minumun money down if possible.

if i short sale an investment property, can i make the buyers offer subject to bank relieving me of the 1099? I want to short sale an investment property. the difference between what is owed, and actual value is signifigent, and will lead to bankruptcy. if we recieve an offer from a potential buyer, can i counter it back to say "subject to: bank not issuing 1099 for the difference"? FYI - the bank is WAMU.

Where can I find an investment property? I have 50k to invest. It is impossible to invest in real estate in California to get positive cash flow. Where can I find a good investment property in the country that can provide positive cash flow and good price appreciation as well?

I have purchased an investment property, where to from here? I purchased an investment property in Australia and didnt have a problem with legal or paperwork. I have been paying it off for a few years now under my own esteem. Who should I get to assist me with advice from here - mortgage broker, financial planner, accountant? Im confused. I'd like to purchase additional property in the near future but need to work out my finances. Not sure how?

Paid off investment home. Can I take a 1st mortgage on that property or must I go with a home equity loan? My brother and I need cash for a business venture and would like to take a loan out against an residential investment property that we co-own free and clear. Is our only option a Home Equity Loan? Ideally we would like to take advantage of the lower rates of a standard mortgage.

Investment property rent paying mortgage on second investment property? My parents are planning on buying an investment property. They plan on paying cash for this property. So they will not have a mortgage. I will be renting the place from them with 2 other people. If they decide to finance a second property, would they be able to use the rent from both properties to pay the mortgage on the second property? How and what will they be taxed on? How does rent to own work when it comes to taxes?

Tax Treatment of Investment Property if Owner Occupied? For about 3 year I have an investment property purchased under 1031 exchange. Next year I plan to make that as my primary residence (because it very near my job). If after living there for 2 years, I sell it, how will it be treated for taxation purpose?

Is it possible to get a 100% loan for an investment property? I am a first time buyer and want to buy an investment property because a primary residence in my region is too expensive. Can I get a 100% loan, if so how?

Should I form an LLC for my soon to be first investment property? I have a home that is going to be converted from my primary residence to an investment property that I will rent out. I would like to know if putting this home in an LLC is the best course of action to limit my liablity. Also I will be residing in a state other than the one the soon to be investment proerty is located. Should I form the LLC in the state the property is in or the state I will be residing in? Only helpful answers please.

Can you have LLC set up as a property manager for investment property? I'm curious if you own a rental investment property under your individual name, can you have your LLC set up as the property manager and hence provide the protections of the LLC. Bascially, the renters would sign a lease to the LLC, and the LLC would "pay" you the individual. Trying to leverage the protection of an LLC but since it's difficult to purchase under an LLC, you would have the house under your own name.

What is the differnece beween an investment property and a 2nd home? Are the rates and guidelines different.? I ask because when I look on-line, it asks if the house I want to purchase is a primay , a second home, or an investment property.

Can I file a schedule E for deductions and take a standard deduction on an investment property? I couldn't find an option to reply to the answer spock provided, which was great by the way. If you see this, it is an investment property, and I was wondering if I could take depreciation, in addition to the repairs, taxes, home owners insurance, etc, and still claim the standard deduction? I am a single claiming only myself on my taxes as well as being a full time student and making ~28k this year.

How do I start a LLC and transferr my investment property to it.? Hello, How do I start a LLC and transferr my investment property to it? I live in California and this is were my investmet property is. Please help. thanks in advanced.

Do I pay captial gains taxes when I sell my investment property if it is the only property I own? I currently own an investment property in Florida and I am looking to sell it. I bought it in 5/2004. I currently rent an apartment in San Francisco and so the only property that I own is that one in Florida. I'm aware of a capital gains tax that you must pay any time you sell an investment property. What I'd like to do is avoid paying this tax if possible. I've heard that because it is my only property, it does not qualify as an investment property and so I wouldn't have to pay this capital gains tax. Is this true?

Where are the highest rental returns in western australia to buy an investment property? We want to buy an investment property in Western Australia. We know that in Hedland and Karratha the returns are at about 10%. Probably not much potential for capital growth though, especially in Karratha. Are there any other area's with these rental returns? Are there better options than Hedland and Karratha? Any other thoughts??

How to sell an investment property fast? A freind of mine has an investment property in Atlanta Georgia that he is trying to sell. It is a 4 year old Duplex with 4 bedrooms and 2 baths in each unit. It needs no repairs, it was built in 2002, it has wood floors throughout and it is close to public transportation, colleges and downtown. He is asking 335K for it and it was appriased 9 months ago for 350K. He has an open listing with a realtor for a few months but hasn't had any luck getting any buyers. The realtor said it isn't selling due to the tight market and the time of year he is trying to sell. Can you suggest any ways to get more interested buyers?

can the sale of an investment property be financed by a living trust ? I would like to sell an investment property. There is no outstanding loan on the property. I also have a living trust. Can I sell the property but have it financed via my living trust ? Or do I need to put the property in my trust before selling and financing ?

Where is a good place to get a loan for an investment property with no money to put down? I am very interested in buying a real estate investment property for about 130 k. I am 21 years old and make about 25-30k per year. I really dont have much money to put down. Has anyone ever done something like this before and who would you recommend?

Can a person purchase a house if they are currently a home owner without purchasing it as investment property? My aunt wants to purchase a house and she already is a homeowner, can she purchase the house outright or does it HAVE to be purchased as an investment property? The loan officer she is working with, which seems to not be so bright, says that she has to, but we are looking for a second opinion.

What is the best Investment Property in Orange County? Best Investment property? Multiunit apartments, Houses, Commercial?

Should I buy my own condo or an investment property? I'm just out of college and in the finance world. I know about the obvious reasons for building your own equity, but I'm having a hard time deciding whether I should buy my own 1BR condo in Chicago, or to purchase an investment property to rent out. Either way, I will be building equity, and obviously both would be the way to go, but I don't have enough for both down payments yet.

How do I start a LLC and transferr my investment property to it, I live in Calilfornia.? Hello, How do I start a LLC and transferr my investment property to it? I live in California and this is were my investmet property is...can someone give me a link to do the LLC and also should I do a California LLC or Delaware or what state... Please help. thanks in advanced

If I want to buy investment property in PA and I live in NY, what is the best way to set things up? I live in NY. I want to buy investment properties out of state. I already own an S-Corp for my Internet marketing business. Should I form a new corporation or some other business as a tax shelter in case I want to invest elsewhere as well? Does it make sense to form a new company?

Please advice of a HELOC lender that allows stated income documentation for an investment property? I am trying to make a deal work. It is a HELOC (or we can do a fixed second) but he is self employed and needs to go stated doc. Also it is an investment property. Any idea of lenders? 692FICO - 80% CLTV - Investment Property - Stated.

How do I buy an investment property with no money down? How do I buy an investment property with no money down?

I want to buy an investment property, Is it better to use the equity in my current home as down payment or not If I buy the home at $175,000 (that is a starter home in my area) and put no down payment down, the mortgage would be about $1140/month using the interest rate in my area(6.9%) when I add in property taxes and insurance and maintenance plus my profit (25%), it would be about $1850/month. Who on earth would pay that for a 3 bedroom 2 bathroom house with no basement and 1/4 acre? How could anyone put no money down for an investment property and still rent it out for profit? FYI- our starter home in this area has gone up about $40-48000 in 2 years. The area is very hot. What to do?

What I can deduct for sale of a investment property? I just sold a investment property, I would like what kind of items I can deduct for ferderal income tax, can I deduct the closing cost for purchase of the property.....etc?

I have just got an investment home loan for an investment property, can i get a tennant in the property for? a minimum of 6 months and then decide to live in the property myself so then it becomes my residence instead of investment property, or is that illegal as I would have an investment loan so I could buy the house instead of a normal home loan?

Cash or mortgage to buy an investment property? I have cash to buy an investment property but I heard it's better to set up a mortgage for tax purpose. Can anyone explain the reson why? It is said that setting up a mortgage is advantageous because the mortgage interest is deducted from the rent income, so there is a tax benefit. However, by the time you pay up the mortgage you will end up paying a few times more than the actual sale price. Is it still a good idea to set up a mortgage? If so, why?

are we allowed to write off the payment of investment property as an expense? i live in ohio? i live in ohio and was wondering if i could write my payment on an investment property off as an expense or can i only write off the mortgage interest paid on it? i always figured my profit as rent collected minus full payment... is that not correct on ohio and federal taxes??? thanks in advance..

If I buy property in another state, is it considered an investment property? I'm thinking about buying property in another state and renting it out for a couple of years, but I do not own any other properties. Would this be considered an investment property for tax purposes or could I file as primary residence, although I don't live there, but plan to in the future?

How will my life really change if I go thru foreclosure on an investment property? My husband and I will still have 6 investment properties and the house we live in. Our credit score right now is 744. We're in our late 30s. We've never had any debt and have never had trouble getting a loan. So what will life be like after foreclosure?

Would you rent your investment property to people who dont work??? I have been just told that Im...? discriminating because I will not rent my investment property to people who do not have reliable employment. I have been told by few people that I am discriminating against them, but how do they expect to pay $280/week in rent if they dont work? I have had problems in the past with people who dont work not paying rent on time, if at all and have been forced to evict them. Do you think I am being fair?

How can i get a credit line on against a residential investment property? I have a single family investment prop that is owned by an llc and i wish to find a lending institution that will give me a line of credit so i can buy other properties quickly.

Im looking at buying an investment property and need some advice? I'm looking at buying a particular property as an investment. It has a decent gross rental return (6%) but has been on the market for 6 months and has not risen in value over the last 5 yrs (as stated by the real estate agent). It is close to the town centre of a growing town, and has a very steep driveway. It is 10 years old. I intend to get a soil inspection to ensure the ground is ok, as the house is on a high. Should I make an offer, say 5% less than the asking price? Why wouldnt the property increase in value when all other properties in the area have? The asking price is 235,000, rental income is 270 a week. The current tenants have been in there for 5 years and are happy to stay longer. It is through a commercial realtor. I probably wont use a property manager as it is low maintenance and there are existing tenants. It is a quiet street, which isn’t far walk from town centre. I will get a building inspection

time needed to officially own investment property in order to sell for capital loss? how long do you have to own investment property in order to take a capital loss with tax benefits on the sale of the property?

Can rental losses be subtracted from capital gains when selling a rental investment property? My wife and I live in a rented apartment in CA and own a home in AZ that we have rented out. Last year our losses on the AZ property (Interest + prop. taxes + repairs + depreciation - rentalincome) was 14K (reported in schedule E and form 6198). Now since our total W2 wages in CA are >150K we can't deduct the 14K from our adjusted gross income. Question is can this no. be carried forward each year (as losses) and later when we sell the rental investment property can the sum of all these yearly losses be subtracted from the profit we make by selling the rental property? Also, someone suggested that the smarter thing to do would be to form an LLC and start getting a tax-break from the losses we are making every year. Is that true?