Jonathan Jacobsen
1031 exchange - Contributing property to multi member llc
What are the rules for contributing a property into an LLC after the transaction is complete? I have a rental property that I will be selling that is owned personally. I will be exchanging this for another property th...
James H.
Business Retirement plans and deductions
Hello. My fiance has a house in her name that she would like to rent out in the near future. I've read about transferring to an LLC but most of the conversations deal with liability and not tax, which is my primary co...
Alexander Kostrubiec
Is it legal to airbnb a owner-occ unit in an owner-occ 4flat?
Hello everyone. Thank you for viewing my post.I'd like you to consider the following situation: Imagine you own an owner-occ FHA loan 4flat residential, you have the 3 other units rented out to tenants, and 1 owner-oc...
Thuy Pham-Satrappe
Separate bank accounts for each flip LLC?
For those of you who open a separate LLC for each flip property, do you open a separate bank account for each as well? If so, do you close the account after the property has been sold? Do you open credit lines or anyt...
Jaren Woeppel
Business Plan for New Investors
Hey BP Community!My wife and I are getting into the real estate investment world and would love some support and advice from the BP community. We are planning to acquire around 20 units in the next 5 years through sin...
Sohil Shah
Renter asking to add another person on the lease
Have a renter who already signed the lease. Now she wants to add the another person on the lease who is staying in the house with her. Is this a red flag and how do I handle this? The lease was approved in her name. S...
Richard Montoya
Stealing electricity
Long story short...My elderly mother-in-law lives in Dallas (Oak Cliff... Near Bishop Art District). She's been renting a small house for a couple of years. On the front lawn - same property - there is a small commerc...
Bryan C.
Can Wife's IRA & my IRA lend privately on same deal?
Just want to make sure I understand this correctly....My wife & I each have SDIRA's....I was thinking about contributing $38k & she contribute $24k on a deal. We would be private lenders contributing on the s...
Nick Stango
Pension / Self Directed IRA question
My wife and I are thinking about moving to another state so we can invest in real estate more easily. We want to buy a duplex, live in one half and rent the other. In order to get a loan to do this (since I am self em...
Robbie Shiver
Multi-Family Investing Strategy Question
Hi all - new to the forum... I am looking to purchase a four unit multi-family in Atlanta. I will be financing it but I would like to move my mother down to Atlanta as she is getting older and would like to be close...