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Results (2963)
Robert M. Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
3 May 2024 | 33 replies

In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city). There were no formal terms or expectations - it was just "here's the money, don't be dumb...

Bill F. How to Get $10k/month Cash Flow: That's the Wrong Question
23 August 2020 | 48 replies

A lot of people want to use REI to escape their 9-5 and replace their W2 income so they can live the life they want. That leads to the reasonable question 'I need/want $7/10/15k/ month in free cash flow(FCF) from my R...

Robert P. Tenant using laundry before they should be...
27 June 2016 | 27 replies

So I am looking for a little feedback on what you would do. Here is the situation.I just got new tenants in (they have been living there for about a month and a half. I have been nothing but attentive to all of their ...

Daniel Lempa Roofing estimates: are my expectations too high?
20 October 2022 | 31 replies

I purchased a duplex in June in the South Jersey area to house hack with the expectation that the roof would need to be fully replaced, including decking. I also have a dead chimney that I want to be brought below the...

Chris Mason Question for tax pros about S-corps.
13 July 2019 | 22 replies

Sally and Johnny are both the sole owners and employees of a pair of unrelated S corps in the same city. They don't know each other, but Sally and Johnny make and sell widgets. They both also W2 themselves $50k/yr, wh...

James Orr Return on Investment from Paying Off Mortgage Early
4 September 2018 | 21 replies

Perhaps someone can help clarify my thinking on a financial question.For this discussion let's assume we're talking about a $100,000 30 year fixed rate mortgage at 5% with a payment of $536.82 per month.Not that you w...

Mike Dawson First Time STR Buyer Questions
31 October 2022 | 22 replies

Hi everyone!  Long term lurker first time poster.  We are ready to buy an STR in Myrtle and every time we find a place we run into some hidden fee that hikes the price up.  For Example, we realize condos have high HOA...

Kris V. 30 year fixed mortgage to LLCs. Am I trying to find a Unicorn?!!
27 March 2017 | 22 replies

Hello BP!Full disclosure - Newbie investor trying to find the best combination of asset protection and lending terms.I have been talking to a few lenders in the Minneapolis, Minnesota area to line up my finances befor...

Jonathan W. How often did you ”use a lawyer” starting out? How often ” ” now?
3 March 2020 | 14 replies

How has your relationship with your lawyer grown as your company has grown. Have you ever had to switch law groups because of work load or any other reason?If you don’t mind answering, what are your legal cost?

Harrison Painter Blair Holt's Firearm Licensing and Record of Sale Act of 2009
21 February 2009 | 22 replies

Does anybody know if something comparable to the "Blair Holt's Firearm Licensing and Record of Sale Act of 2009" was hidden in the stimulus package?

I had a few weird emails this morning about gun control and thought...