Veronica Thomas
Tax credit for historic building
Just curious if someone could explain to me how the 20% tax credit works for an old building. My husband and I are looking to invest in a 100 year old 2-story building in the downtown area of our small town. The buil...
Oren K.
Tax Considerations for Canadians
Tax structure considerations for Canadians and US foreigners in general can be quite confusing. On the one hand, the mentor courses / boot camps / common advice (including many here on BP) is to just set up an LLC but...
Tucker Cummings
Loan Products for Primary Residence
My wife and I are hoping to move to Austin within the next year. Our plan is to househack and move into a 2-4 unit building while renting out the other sides. We currently have a mortgage on a primary home and we have...
Isaiah Williams
Is paying a consultant with no license commission even legal?
OK, so this is something I had no idea about but was just brought to my attention. I used to be a property manager for an apartment community, and I also was responsible for my leasing consultants getting paid their c...
Aaron Holtzman
Making the jump into Multi-Families in Philly (Lender Question)
Hey everyone (lenders and investors alike),I hope you all have been staying healthy and sane during all of this.A very good friend and are looking to invest in real estate. We actually found a property in Philly that...
Brian M.
Umbrella Policy when you own 10+ rentals
I recently wanted to add an Umbrella policy. My insurance provider for my home and autos is Allstate and I have the coverages needed for an Umbrella. However, Allstate doesn't provide an Umbrella for customers who o...
Ellie Narie
Do you need to buy an umbrella policy if you have little assets?
I'm going to close on my first 4plex in a month with an FHA loan and 3.5% down. I don't have much assets, let's just say less than 50k in total (savings and stuff. Im young, so no retirement accounts yet). I've read o...
Simon Lopez
Umbrella insurance Price
I closed on 2 sfr's in 4 months. Things happend so fast. Now that everything is settled i have umbrella question.I have 2 rentals I bought for about $60k Each 1 in Mi and 1 in Pa. 1 insurance company covers both h...
David Decker
How to will your real estate and avoid taxes.
My friend came to me with a question? He asked - how can I (will) my portfolio of multi family and strip mall commercial real estate to my family, without them having to pay any tax or is the even possible? I wasn't e...
Austin J.
Taking my pre-licensing courses online, stumped by this question.
Which does NOT describe a real property interest for a limited period of time?
A-defeasible fee estate
B-leasehold estate
C-life estate
D-life estate pur autre vie
I answered A, because the time is not limited as...