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7 October 2024 | 8 replies
Even with 20% down I have not seen a good way to make the cash flow numbers work, so with less down it would be even less advantageous from that perspective.
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7 October 2024 | 9 replies
A transparent approach will go a long way in making sure no one feels left out or taken advantage of.Purchasing the Property: Since the home is currently in a trust, after the grandfather’s passing, the property will be distributed based on the trust terms.
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8 October 2024 | 36 replies
BiggerPockets Forum Discussions on LLC’s Summarized:BP poster: I need to transfer my properties to an LLC for anonymityYou’re told you are not anonymousBP poster: But I need it anyway for tax savingsYou’re told there’s no tax advantages BP poster: But I can get non recourse debt because the LLC is the borrower.
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7 October 2024 | 15 replies
What are the advantages and disadvantages of going to college or not going to college for someone in my situation?
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4 October 2024 | 3 replies
This is a great place to learn and to connect with people so take advantage of all the great resources.
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7 October 2024 | 16 replies
I engage in long-term residential rentals, triple net leases, and short-term rentals, each of which has its own advantages and disadvantages.
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4 October 2024 | 4 replies
In retrospect, I wish I had been a bit more patient and pursued a multi-family option to take advantage of house hacking.As a newcomer to this field, I’ve been following the BiggerPockets forums and podcast for quite some time now.
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4 October 2024 | 3 replies
It's super easy and runs via the app or keypad. https://simplisafe.com/From the website - "Without Wi-Fi, you can still change your system and sensors’ basic settings via the Keypad as well as take advantage of our Professional Monitoring service’s basic features.
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4 October 2024 | 22 replies
She always pays her rent and has live in the property for more than 20 years.Don't know why the other landlord never raised her rent, but one guess is she has been using her situation to her advantage.
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4 October 2024 | 5 replies
Do these tax advantages disappear when the original owner passes away and hands the portfolio to their children?