Yinan Q.
Buying a property via “LLC assignment”
A deal was presented to me and my partner by a wholesaler. A LLC was created just for this deal and he will assign the LLC to us. We will become 50:50 owner of the LLC that controls the property. He has done this many...
Ben Leybovich
$50,000/door for '60es Junk!
It is absolute comedy out there. The last several apartment communities that have come across my screen in Ohio and Indiana were being marketed as "value-ad" at $50,000 to $60,000/door - these were all 1,960es constru...
Robert Howard
Moving property from my name to the LLC
I'm getting ready to quit claim a property into my LLC's name, but I thought about insurance issues. Can I keep the insurance in my name or do I need to move the insurance into the name of the LLC. Also if I do chan...
Joe T.
Exit strategy for commercial loans
I have a few commercial real estate loans which are fixed rate for 5 years on a 20 year amortization schedule.
My lenders assure me that at the end of each 5 years, I can get another similar loan with the prevailing ...
Fred Stevenson
margin from brokerage account to prepay mortgage
Hey everyone, I have a checking account I use to manage my rentals and other business expenses. I have positive cashflow on all my rentals so my balance in this checking account is accumulating but earning zero intere...
Dezso Kovi
LLC or S-Corporation advice
Hello,
My cousin and I recently got an excellent mentor Stephen Tilton to help us build our capital, guide us on real estate, and connect us with others. I had a brilliant idea the other night. Instead of taking the ...
Ryan Blake
Flipping Diaries: Week 1
Purpose of This Post: To continually update my grand re-entrance into house flipping. I will be making a lot of mistakes. I mean a ton. And I want to be able to learn from my mistakes by publicly sharing them and lear...
Joe Garvin
Closing on property tomorrow and discovered a leak
Hello BP Community,
Happy New Year to all! We are set to close on a condo tomorrow and already wired all the money to Title Company. We went to the unit yesterday to measure a few things and found a leak which appears...
Abdul Azeez
Urgent Help Needed - Kindly assist
Hello folks - I purchased my house in Aug 2018 in NJ. It is a single family two story home with a basement. The house was constructed in 2000. It has a sloping backyard elevation coming to the back of the house. The p...
Nick Frey
Short term cap gains with income carryover losses
Short term cap gains basically get counted as income...you have $100k income and $100k short term cap gain, you basically have the same as $200k income.I've been very careful over the years and have tremendous carryov...