Hello friends.Are we able to use the proceeds from a cash-out refi on an investment property and 1031 it towards another? Also, if so, how does one go about putting that money into a 1031 exchange and doing this? I'...
I'm moving to Tampa and considering keeping my 2 fam in NY as a rental property, and possibly purchasing another rental in the Tampa area. Would you form an LLC for each of the rentals and why?
I have a few properties in one LLC and am in the process of purchasing an 8 unit also in it. Looking for other properties as well.
Just wondering what would be a good way to figure out if a new property needs a new e...
I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...
Hi BP Community - I have an interesting legal situation that I wanted to hear feedback from before consulting our attorney.I recently read the book, Loopholes of Real Estate, and there was a section on Equity strippin...
About to take the plunge into real estate investment. Before I buy a house and start renting, do I need to make an LLC? Or maybe make a business of a different type? If so, what are some good resources? I'm located in...
Hi I learned that forming LLC is important for asset protection for rental properties. I already made LLC for my rental property But my CPA insists to get rid of LLC as it just adds more costs and doesn’t really prote...
Hello, I purchased a property in Snohomish County in Washington State at the auction. What's the best and fastest way to evict the owner? She's not happy and may be difficult to work with.
Where do I find a good rental contract?
I bought a condo at the county foreclosure auction where one of the two HOAs foreclosed. I did not know about a second HOA and they want 11 years worth of payments. They never filed a lien. I heard there is a five yea...