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Hi I am new and still learning about REI, I have been listen to BP podcast for a couple months and I think it is time For me to do an Action. My case, I want to do long term rental ( at least to start) so I dont have...
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Hi BPers,I'm getting ready to replace new flooring in an upstairs rental. This house is a triplex and has two units downstairs. Someone mentioned it might be a good time to soundproof the floor. Even though we had car...
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Anyone have experience with team members for a SDIRA (a bank, CPA, attorneys) in Wichita Ks?MEssage me if you prefer not to post it here... THANKS
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Hey all,Is it standard to have your LLC open prior to purchasing a property? When I make offers, am I making an offer representing my LLC or is that detail irrelevant as I would just put the LLC down on the purchase a...
I have an aging duplex purchased in 2012 with substantial gains and I'm considering cashing out to build a 4plex. Would this be considered a "like kind" exchange in the eyes of Almighty IRS b/c it's a new construction...
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Hey Guys - what is everyone preferred way of taking rent payment? Only own two units currently, so I don't need a robust system just yet. How should I have my tenants pay me? Up until this point I've just been taking ...
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Hi, I am starting to self manage my rental property and have below Qs. Please help?1. I understand its good idea to have a separate bank acc for rental income. Can it be a personal acc? I called WF and they said for b...
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All,I am baffled beyond belief about a continuing critical issue with a self directed IRA I've opened. I won't share the name of the company in this post, but you can contact me directly if you would like to know the...
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Good Morning BP,My wife and I moved from Massachusetts to Virginia last summer for a job opportunity. We bought a house 4 months ago but just found out we are expecting. She is currently in grad school and will be una...
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I'm hoping someone can help me understand this since I'm just starting out.I found this house on Zillow that was listed for around 250 days. I looked up the address and the property taxes and school taxes are not paid...