Account Closed
Tax Benefits with LLC or Limited Partnership vs Personal?
Hello All,
Any opinions on whether or not there are any tax benefits and savings when purchasing a Multi family as an LLC vs Limited partnership or personal entity?
Gloria Mirza
do mortgages in spouses name count toward 10 home limit?
My husband has 10 financed mortgages with 10 fannie mae loans. If I am put on title will those 10 mortgages count toward my 10 mortgage limit? Does the debt/income from those properties affect my DTI?
Doïna B.
Structure to invest in a US syndication for Canadians
Hi everyone,
I'm a Canadian interested in investing in a US multifamily syndication. The issue is that most syndications are structured as LLCs, which are not recognized by the Canada Revenue Agency.
If I were to i...
Anthony Bonacio
FHA Loan Limitations on Renting Out Using AirBnB (personal unit)
During some late-night thinking, I thought of a question I'm assuming someone would have an answer to. So, if you buy your first investment property using an FHA loan, one of the requirements is that it is your primar...
Sandy Hatch
How to title property to limit personal liability and risk?
I want to start investing in multifamily units, but my wife doesn't want to risk having personal liability for investment assets. I know that if you take a residential loan out, and then transfer to an entity (LLC, S ...
Seth Baumgartner
Balancing Property Management and Personal Responsibilities with Limited Time Off
Hi BiggerPockets Community,I work on a boat for 28 days at a time and then have 14 days off. During my off days, I'm currently focused on setting up my property to rent out. However, my mother is asking me to visit he...
Adam Craig
Do any lenders have higher loan limits on personal home buy?
We are looking to move our family into a neighboring city in the next year. Purchase price 400-500K.
With rates as low as they are I would love to do a conventional mortgage and fiance as much as they allow to keep c...
Tina Wicks
When to know you are financially ready for another property
I'm a small real estate investor that has 15 units. Our past BRRRRs have been financed by a HELOC on our primary home. It has been working out well but it only allows us to do 1 BRRRR at a time. So I recently met ...
Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....
Daniel Nahill
Where do I go to learn about building my personal credit limits?
Where the heck do I go to learn about how to build and maximize my credit lines/limit?I always hear on bigger pockets podcasts or in books about how people build their credit and are capable of large amounts of availa...