Shaun Morgan
Used the wrong loan, need advice.
So I bought a house to fix up with a rehab loan, but I didn't realize it was a strictly Buy to Lease loan. My plan was to move into it during the rehab process since I have a tenant moving into my current home. I foun...
Manson C.
Live in CA. Rentals in FL, TN, and IL. File state tax?
Hello,I am a real estate investor in CA. I own rental properties in Florida, Tennessee, and Illinois. I already filed my federal and CA tax return. Do I need to file state return for FL, TN, and IL?As far as I underst...
Andrew Howell
how illegal is this?
I have heard about investors buying multi family homes as owner occupied to get around paying 25%. If you rent out all the units and dont live on the property how would the bank find out and what are the consequences ...
Farzan Setayesh
Unpermitted ADU and getting permit
If you buy a garage converted to an ADU, what are the consequences not getting a permit and if you get permitted what the costs and steps to take in?
Robert Borer
SD-IRA Tax Handling for Investing in Single-Member LLC
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Ibrahim Yamini
Make Investing a Game???
I’m listening to this book; “100 Ways to Create Wealth” and it mentioned something that caught my attention.
It said, when you’re playing a game, you’re having fun because there’s a challenge or hurdle you’re tryin...
John Salgado
Lender increased Mortgage Insurance premium on initial CD
I am in process of closing on my first MF house and recently received the initial closing disclosure. I noticed that the lender increased my mortgage insurance (MI) premium to almost double the original amount. It i...
Alfred Costanzo
Problems with buying properties not fully permitted
Hi Everyone, I’ve been searching for my first house to house hack in South Florida. Not sure if it’s just the market right now but it seems a lot of properties are not fully permitted. As in a Florida room converted t...
Kevin Wyn
Spouse as Member of Holding Company?
Hello everyone,
I am in the process of setting up a holding company for my two current rentals and any future rentals. My question, is there a benefit to having my spouse as a member on the holding company. This is t...
Mischael Metelus
Quit Claim Deeds and Business Tax
Hi, I'm hoping someone could help fill in some knowledge gaps for me. I recently acquired a property through a tax lien and it has now appreciated in value. I've started my own LLC in South Bend Indiana and I'm planni...