James Bridges
Setting up a deal with Partners
Can I do a side deal with a partner inside my LLC? I don't have cash for the deal. I owe 29K on my 401K loan and they won't let me take out another until I pay that off.Once I do I have up to 50K available immediately...
Eunice Gonzalez
accounting help, first 1031 exchange, problems with financing
hello BP! I am selling 2 of my rental properties in Indiana and now in escrow, it seems we will be closing on time. My question is: I was planning to do a 1031 exchange and found a condo in San diego and got our offer...
Dennis Cobos
Conventional Mortgage with less than 20% down and No PMI?
Hi everyone!I will be investing in my first property (duplex or triplex) in the next few months, hopefully around May, in Sacramento CA. I've been working with an agent already and have started to narrow down my crite...
Daniel Porter
Cash Out Refi or leave the equity in for a Heloc?
I’m going into my first refi and I can’t decide between whether to take out as much cash as possible, so I can be cash heavy into this pending crash (allegedly), or if i should leave the equity in there, bump my cashf...
Dustin Caldwelll
PMI wipe out or new property?
I have one rental in ATL where I use to live before being transferred to Chicago for my job where I currently rent.
I currently pay $250 a month in PMI and have $13,000 to go before reaching the 20% equity ma...
Sidney Reed
House Hacking Colorado
Hello! I have recently purchased my first rental property here in Denver, CO and will be househacking while I add value to the place over the first year. I previously househacked in Savannah, GA where the landlord/t...
Billie Joe
Can you have an LLC Partnership where 1 member is a contractor?
In an LLC taxed as partnership, can 1 of the partners be an independent 1099 contractor to provide services for the business? For example:Partner #1 Limited Partner (K-1)Partner #2 Limited Partner (K-1) AND 1099 Contr...
