Account Closed
Was told to use LLC but Financing is challenging
I was told to drop my home into an LLC ASAP. It's in a single-member LLC. It's owned free and clear and now that I want to pull cash out via a refinance, no one seems to want to work with me. But if I pull it out of t...
Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
Timothy W.
Ginsburg supports my theory on liberalism and eugenics.
I need a radio show. I'm getting too good at this.
The day before yesterday I was attacked for making the assertion that the many of the roots of modern liberalism (in both parties - liberalism is not just about Dem...
Pavel Sakurets
900k decision on new construction, need your feedback please
Hi all. Would like to get your feedback: I'm building a house in Edina MN starting in 2 weeks, it will sell b/n 900k-1mAll houses that are new construction in this neighborhood have two car detached or attached garage...
Ridvan Hoxha
Have $100k+ to Invest. REI or Buy a Business Now and REI later?
Wife and I are at crossroads. Our long term plan is REI in order to provide for the family and our kid's (currently 2 yo.) future education. We are both 40, bring home about $160k and have approx. $100k liquid to inve...
Joshua D.
How to handle tenants attempting to break lease?
We have, currently, 18 units. All are rented and tend to, typically, do pretty well. We do year-long leases with each tenant and currently don't offer an early termination clause in the lease. However, we have a tena...
Logan Wells
Real Estate v. Index Funds
Hi there,I am confused as to if RE can give better returns than investing using index funds.After reading into profits for apartment buildings, it seems to be from 8-11%, although that is around how much successful in...
Gabriel Tafoya
new member from colorado
Hi BP community!My name is Gabriel Tafoya. I am new to real estate investing and I currently live in Arvada, Colorado. At the moment I am paying off the last of my debt and have been building credit to get approved f...
Burt L.
Rental Property Conventional Lenders That Will Close In An LLC?
I have been looking at doing a DSCR loan but looks like I'm giving up on that as DSCR loans require bank statements anyway and if I'm going to provide that, I might as well go Conventional and have significant rate sa...
Taylor Tindal
Joint Venture: Should we form an LLC
Hello,I'm interested in partnering on a deal with 3 individuals. In order to do this should we all create an LLC together for this one deal? Or will our individual businesses protect us? (One person is not protected b...