Ivan Chavez
Personal mortgage vs commercial mortgage
Hello all, I’ve currently got one rental and already have an LLC acting as the property manager. I’m curious to know how many personal mortgages I can have before needing to go the commercial loan route.. also, once I...
Bradley Chiakas
SALT Deduction Limitation Question
Hi BP Community,I have read 5 articles and am still unclear on the new $10k deduction limit on SALT. I am considering all tax implications before purchasing my first multi-family property.I currently have about $150k ...
Stephanie Yi
what should I do after 10+ Financed properties
Hi I would like to know any program still offer mortgages to investors own more than 10 financed properties?t
Marco G.
Multiple Umbrella Policies for Different Properties?
Has anyone considered getting two or more umbrella policies from different carriers to get around the rental property limit? If the policies specifically include/exclude properties, why couldn't you just get two or m...
Russell Roberts
Tax effect of personal residence cash out loan used for investing
I did a cash out refinance on my primary residence in 2017. I did Not use the loan proceeds to buy, build, or substantially improve my primary residence. Instead, I used it to fund other real estate investments. So...
Matthew Gundersen
Multi-Family Home Insurance Policy in NJ
Good afternoon BP, I am currently looking at purchasing my first investment. It is a triplex and looks to be a sound fist investment. I am wondering what kind of insurance I will need as I will be both living in one u...
Jeffrey Mathurin
Why do i need an LLC?
As a wholesale real estate investor, what are the benefits of having an LLC, if all i would be doing is collecting assignement fees? Also, what are the risks of not using an LLC as solely a wholesale real estate inves...
Walt Payne
Little known 401K fact that could save you big tax $$
I read an article on a financial website a few months ago about this, and filed it away as something that I might be able to use in the future. Yesterday I was talking on the phone with someone from this site who know...
Tyler Stephenson
Bank to bank transfer limit?
My bank, we will call 'local bank', has a transfer limit of $6000 per month, in or out as a bank to bank online transfer limit. I've contacted them and they have to get management approval to transfer more than that,...
Ryan Haase
Umbrella Insurance
My wife and I just rented out our 7th home and we've decided to get umbrella insurance for some extra protection. Our insurance broker can can only offer $400/year for $1,000,000 of coverage. Does that sound about rig...