I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
Hi Everyone, I recently got an executed purchase agreement on a 5 unit building (renovating two basement units that are currently not in use to make it 7) in my area (Lansing, MI). It is a currently 'fully occupied' b...
We created a LLC to buy and hold rental properties. Because it is difficult for the new LLC to get bank loan, we applied a Home Equity Line of Credit (HELOC) under our own name. Our LLC has pur...
Hello guys,While I've listened to many bigger pockets podcasts, I'm new to the community and this is my first post. At 30 years old and after a long educational journey to become a doctor, I'm finally at the point in ...
Hi, I have 2 SFH worth ~0.8M and looking to invest in MFH. Looking to get 60-140 units; $10-25M. I can at most put 2-3% down. What loan options do I have? Open to US/Canadian markets
I want to rent a single room in a rowhome I own and live in to a single long term unrelated person in Philadelphia. Is this legal and do i need a rental permit in Philadelphia? I have done this before through Airbnb f...
Gooood mornin’ guys & gals!Instead of listening to a podcast on the way into work like usual, I decided to not listen to anything and have some time to myself to dig in within my own mind.
I was asking myself q...
hi everyone! Just trying to get some help. We are closing on a short sale today but the tenant that lived there before left his motorcycle, a car and some other personal belongings in the house. I think he is intentio...
My Brother and I were debating on the subject of if an individual could have more than one Government backed loan out at a time ie. FHA, VA, USDA. I believe I remember listening to Brandon Turner’s book on Low and No ...
We are no longer in the industrial age. We are now in the Information Age. And therefore, there are some who believe with the proliferation of information and the ease of googling everything that most information is f...