Alok S.
Creating an LLC to take advantage of 20% on pass-through income
Hi,My wife and I have a rental property in our name. I am creating an LLC, both of us as members, to take advantage of the 20% deduction on pass-through income (rental income) introduced in the new tax bill effective ...
Kathryn Knoblauch
SD 401K, LLC and financing
Hello Community, I have a Self Directed 401K and want to purchase a property consisting of two houses on one lot. The houses need some work but there is upside as the rents are currently below market and I've checked ...
Samantha Swenson
Confused with local market
I'm looking into buying my 1st property to use as a rental and to hold on to long term as a retirement plan, but my local housing is confusing me. I live in a smallish town surrounded by 4 other small towns, and in al...
Vincent Ngo
Down Payment for Investment Property
Hello BP community;For those of you who have acquired investment properties with "little to no money down." How did you guys do it? I have considered receiving a gift from family and HELOC. Has anyone ever went to a b...
Dennis Haldeman
PML - Second Mortgage
I am a PML operating exclusively in the state of Pa. I am considering doing my first second mortgage of a substantial $ amount. (I have done small seconds in the past as an unsecured personal/promissory note.) I be...
Damon J.
Flooring options for botton unit (slab) apartment
Rehabbing a bottom floor apartment which has damaged hardwood floors from a busted water heater. It is concrete slab and could be considered below grade as it is built on a hillside (only has windows on one side of un...
Chris Burke
Apartment Insurance: Am I Over Insured?
I have a 8-unit apartment building in Wisconsin that I purchased in 2018. When I purchased the building I did not shop around too much for insurance. I simply called around local insurance companies and took the fir...
William Than
Question about getting a loan for mixed use property (commercial & residential)
You may laugh at my ignorance but I need some advices, your help and knowledge are truly appreciated!
I currently owe a mixed use property which has a commercial on the first floor and two residential units on the u...
Barbara Gardner
Calling Motivated Sellers
Sooooooo I just had the most interesting thing happen today. I received a list of homes off the MLS from a realtor that I am working with. Although I am a beginner investor with little to no experience, my knowledge o...
Kevin Craig
Shortsales
I have an agent that has a property approved for shortsale and one she says is "85 percent certain" Can I wholesale a shortsale or would I need to buy it cash. If so, I have a cash buyer, how would I go about getting...