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Hey BP people! I've recently closed on a property in Baltimore that will be my primary residence when I get back from a deployment in the next few weeks, and have 2 questions that I'd love some help on:1. I am house-h...
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My separated husband and I own a couple rental properties. Our rentals are in an LLC owned equally by both of us. Several years ago we borrowed against our own home to buy a property. The LLC in effect "owes" our ho...
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Hello BP folks! My California tenant has initiated his monthly rent payment ($2100) to pull from his Chase account on March 14 through my Avail PM system, but I will not be receiving it until March 19. This is 2 day...
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Hi,I am planning to sell my 3-unit investment property to my parents. The idea is to provide them with a steady passive income in their retirement. I will still be managing the property, as well as be an inheritor, ...
I have a multifamily property that I closed - residential investment loan. My real estate planner suggested creating1. Create a Limited Liability Corp [LLC in my state] and recording the deed into Commonwealth.2. Sinc...
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Hi guys, so we purchased a property in my boyfriends name, my name is not on the loan and not on the lien, however we were buying it together (put the money together ) and we want to own it together. His mortgage co...
city/county tax, where does the buyer pay half of it customarily (unless written into contract countercustomarily)?
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Hello all,I’ve been investing in real estate for only 2 years and mainly do fix and flips and wholesaling. The advice I am seeking is this; I have 2 fully rehabbed properties listed for sale and have been on the marke...
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Looking for some insights into tax implication (if at all) of transferring a property from one LLC to another. Some more details:-Old LLC owns a bunch of properties, has one shareholder. -New LLC owns nothing yet, and...
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I own property and have no children or real persons that I want to inherit my property after death. I do not want to use a will or trust to designate inheritance after my death. Instead, I have established a donor a...