Joe Val
Qualifying rental income towards DTI
I am buying a SFH as a primary residence and will rent my current condo. I have never had rental income before so my income taxes do not show rental income. At 75% my rental condo still leaves a positive net income....
Vlad Kuzin
LLC and Payroll Questions
There are hundreds of topics on this forum regarding tax strategy for LLC. When I talked to my CPA, they explained if I will classify my company with IRS as S Corp, then I will be avoiding paying self-employment t...
Account Closed
List of insurance for a company
Hello BP, so i'm getting some difficulty when talking to an insurance agent because so far all of them are pretty clueless in helping me. What kind of insurance i suppose to get for a company & property? I know th...
William Howley
Having Issue getting cash out due to title in business name
Hi, in 2015 I bought a rental property for 50k cash under a business LLC name I had created. My strategy originally was going to be, purchase the property 100% equity, than get a first mortgage on that property to cas...
Sara Abernethy
CBIZ vs. Proper Insurance
Does anyone endorse CBIZ vs. Proper? The policies seem pretty similar.
Derwin Davis
Cash-our refinance to buy a rental property
I am currently trying to use the equity on the 1st home with a credit union bank , I want to do a cash-out refinance of 80k to purchase a 3rd property, but the credit union is saying that my debt to income ration is a...
Matthew Fitzgerald
Setting up Accounting for first rental
Hey all we are closing on our first deal and I was wondering how to set up the accounting to benefit me the most.....
Some info I think may help...
We are buying out of state, so we are using a property management c...
Arty Fresh
Cashing out early on life insurance ?
I am not sure if I read it here on BP or somewhere else but I remember reading somewhere that people would get life Insurance and wait 1-2 years and then cash out $250-500k in one shot.Anyone heard anything about this
Shaun R.
Money in whole life insurance
Anyone here listen to the Lab Coat Agents podcast? I was listening to one this morning (https://podcasts.apple.com/us/...) and the guy was talking about putting your money into whole life insurance company's general ...
Kathy Utiss
Ending Homelessness of PA Start Up Non-Profit
Good Day,
We've been in the process of attempting to come up with a solution to "End Homelessness." Most of the work is done. Our way to do this is to offer a "Deferred Payment Mortgage" to both investors and homeow...