Jessica Reilly
Contractor is Bailing
My boyfriend and I recently purchased our first duplex with an FHA renovation loan. Our contractor was approved through the bank, so he has his insurance and the whole 9 yards. He got 80% of the way through the work h...
Daniel Rasmussen
Financing multiple properties with a single loan?
Hi All,I guess I will start by describing my situation. Last year I purchased my first single family rental property with a standard 20% down payment. The loan amount was below the lenders typical threshold, but they ...
Stephen Rager
Education starting out on the tax side
Just starting out, I've purchased two properties, putting them into place as rental properties. I'm looking for resources to maximize our tax deductions. I also have a small business as well, but this is different. ...
John T.
Legal Eyes Needed - when to vacate, file eviction, lease ending?
Hello BP,Trying to figure out what my local law says for lease termination, vacating, and evictions. See below excerpt:48401. Noncompliance with Rental Agreement; Failure toPay Rent.(a) Except as provided in this Act,...
William W.
How can I pull out more money?
Hi,I purchased a 3 family from Deutsche Bank that had been foreclosed. I payed 110k cash and placed the home in my single member LLC. The last appraisal of the house was 180k. I've replaced all plumbing (freeze damage...
Maria Bocanegra
FHA loan limit and reverse 1031
Would a reverse 1031 exchange be a legal work around the 1 FHA loan limit rule, since it seems as though the to be relinquished property is "parked" into an LLC?
I have a FHA on the to be relinquished then moved out ...
Aaron Holloway
Nearby Hotel Being Built Next to Condo in Portland Oregon
Hi everyone,
I have a condo in Portland, Oregon in the pearl district in PDX. A new hotel is being built that will take up my entire block except for my condo unit.
Quick questions.
Has anyone experienced any con...
Jason Munger
HELOC on investment property - suggest a lender?
Looking for a lender that offers HELOCs on an investment property.We have an investment property that we own outright. Approx $180k value. We’ve owned it for 14 years with stable rental history the entire time.Looki...
Chris Hu
First Accountant Just Fired Me - Is this normal?
I bought a STR in 2021 and bought one of those real estate tax education packages that included a referral to a CPA that was supposed to be an expert in the strategies used (For an upgraded package of $600). I engaged...
Aahil B.
Airbnb question, do I need an LLC for only one private room?
Hi everyone,
I am looking at options for getting into the Airbnb business. I just bought a 2 bedroom and 1 bathroom condo and I don't really use the second bedroom. Lately, I have been traveling a lot so I'm rarely h...