John H.
Rental Property - LLC?
Hello BP Community,
I'm new to BP and am a fledgling real estate investor. Here's my situation: I've been the owner of a condo in the Chicago suburbs since 2007. Originally purchased as a primary residence, however...
Renee Lee
Tax’s vs Equity - would it hurt to much?
My questions stem from velocity banking...1. I know there is a tax deduction for writing off the interest on an investment property is it dollar for dollar?2. Let’s say, an investment property has a mortgage and ...
Tricia O'Brien
Depreciation - paying back after sale of a rental?
I am trying to understand how much depreciation I will have to pay back to the IRS if I sell my single family rental home that has been a rental for 5 years. Is it the full cash amount I depreciated or the amount of d...
Sean Wilt
LO from the leasor/buyers point of view
I've been reading many of the posts here and they are super helpful, though the vast majority are from the owner/investors's perspective.I am interested in a building a STR multi property business. We are closing on ...
Jessica Price
What would you do? First time home buyer in ATX
I've been renting in Austin, Texas for the last year because I can't really afford to buy here. My current rent is about $1,350 and I found a condo listed at 215k, which I think I could get at 200k. That would put my ...
Scott Pierro
Can an LLC be used to circumvent reserve requirements?
Hi, I'm currently operating 7 properties all financed through conventional loans without an LLC. I'm considering an LLC this year for the 20% tax bracket for pass throughs from the new tax law. I plan on moving my fin...
Justin Park
Triplex Insurance / Multi-Unit Investing Advice
Hi Everyone,
I am a new investor looking to purchase a triplex in the Northeast Philadelphia area to live in as my primary residence, while also renting the additional 2 units out to tenants.When purchasing a multi-u...
Rick C.
Heating Utility: Divide or not divide?
Hello,
I recently acquired a triplex rental property in Philadelphia, PA. The electric is already separated. However, the gas and water are not.
The tenants pay for their own electric usage. The landlor...
Jennifer Ndunda
Tenant lost keys - wants lock replaced
I have a tenant in northern VA that lost keys to the apartment. I came by and gave her copies of the keys and did not charge her for it. She is now asking for the locks to be changed as a result of her losing the keys...
Urvashi Vasishtha
Pros and Cons of Paying Off a Mortgage Early
My two cents on the pros and cons are:Advantages:Probably the primary benefit of prepaying a mortgage is personal peace of mind. In addition, borrowers pay less total interest overall when paying off their mortgage ea...