Melanie Pendrey
Best way to use my HELOC when just getting started?
I’m interested in buying a 50k-100k property with my HELOC. But I’m not quite sure how things work best with taxes this way. I plan on buying the property(s) in an LLC. Then have that in a holding company. The idea is...
Isaak Brown
Save or invest deposits?
Where do you keep your deposits from tenants? In a savings account? Investment account?
And similarly with you repair and vacancy funds. Mine are getting sizable enough that I'd like to invest them to at least avoid ...
Ryan Van Fleet
Renting rooms to college students
I'm about to close on a 3/1 house in the Salisbury, Md area near the college. I'm in an area out of the corporate limits and have the ability to rent the house by the room. Does anyone have any tips regarding doing t...
Mike Obrien
Returning Security Deposit for Tenant not on the Lease?
Hello Everyone,I am a new real estate investor and recently closed on a three family property that I plan to house hack. I have one of the tenants moving out March 1st and I am moving in right after. I found out at cl...
Isaac Kennedy
Using Parents Self-Directed IRA for RE funds
My parents have some money in their IRA they would like to use to invest in some RE deals I've been working on. We would create an LLC and share ownership. I mentioned this to a colleague and they seemed to think th...
Max T.
Individual MTM Agreements for Rooms in a 4br House Near Campus
I have a 4bed/2bath property a block from Temple's campus.But we missed the window for getting a group of students. It took 2 weeks to rehab from the last group and by now all the students have leases signed for next ...
Charles McCabe
Legality/Liability in reported hazardous condition.
Hypothetical: Pennsylvania tenant reports a hazardous condition in their unit (missing floorboard, arcing light switch, something like that). What are the landlord's obligations? Are there specific timeframes estab...
Kristin Drumheller
Opening a CC or LOC under a different business to help fund RE
My husband and I own a successful health facility and are frequently bombarded with offers for credit cards and lines of credit. I typically throw these away but we are starting to get our ducks in a row to begin our ...
Roy Mitle
Is sec1231 gain considered passive/active?
I invested in a syndicate that shows 1231 gain due to sale of some of its properties. Some of the other properties in the syndicate have not been sold so it is not final K1. This shows up in box10 of K1My CPA says I h...
Eli M.
Warnings before buying a foreclosure
Dear BP community, Would you please offer any words/advice/suggestion/warning for one to consider before buying a foreclosure in Philadelphia ? What are possible risks involved and what one should watch out for?Thank ...