Travis Forbes
Loan qualifying when transferring title to LLC
Hey Everyone! I’m in the process of transferring title of the 5 properties I own into an LLC. The 5 properties I own are with my parents and they are all owned 50/50. The first three we purchased we are both on the lo...
Michael S.
Do the 4 to 10 allowed mortgages include Primary?
I am looking for clarification on how my primary residence impacts my ability to max out the amount of loans I can take out. Regardless if I can do 4 or the maximum 10, is my primary, owner occupied residence (mortgag...
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
Pranav Parikh
Insurance experts for Short Term Rental/ 2nd home
Hi everyone, I am closing on a property near the Asheville market that I intend to use for vacations but also STR via airbb/vrbo. I am looking for insurance to adequately cover my liability as a potential STR as this ...
Tyler Gilpin
Keeping track of portfolio financials
How do you guys keep track of your portfolio financials? Cash flow per unit, how much is left on mortgage per unit, etc. Lay everything out in Excel or do you use an app?
Kyle B.
ListSource Absentee Owner Screen
So I have spent the last several days searching through numerous posts on BP to refine my criteria for an absentee owner list. The criteria I am using, which I am basing off recommendations from members on this site c...
Roy Gutierrez
Help Analyze a deal for a Duplex
Somehow I didn't see this section and posted on the wrong section, my apologies anxiety and lack of patience will make people do strange things!Here's the deal. Duplex in a decent area, not hard to find renters. Haven...
Braden Smith
Buying mailing lists - what criteria are you using?
For those that buy mailing lists, what criteria are you using that you have found to be productive?Any suggestions for the best place to buy lists?Any suggestions for the best place for the mailers?I am looking to sup...
Derek McGillicuddy
LLC VS NO LLC that is the question
Looking for advice. I currently own two homes I would like to rent(not currently rented). What is your experience with forming and LLC or not. Is there a lot better benefits with taxation with being an LLC. I have als...
Jessica Legan
2nd Mortgage Foreclosure
Indiana sheriff sale tomorrow. Second mortgage ($67k) is foreclosing on the property, while there is an outstanding first mortgage ($256k).
Relevant verbiage from the judgment is as follows:
That the Mortgage of Pl...