Yinna Wang
Real estate professional tax benefits and LLC structure?
My husband and I own rental property together, we are both on the deed. My husband qualifies as a real estate professional for tax purposes. We want to use that to offset my income, as I am the higher earner (I have a...
Brad Stafford
First Investment Advice, Student
Hey everyone, working on my second post, but its a big one.
I recently was given an opportunity to purchase this home for 15,000, I kind of just wanted to pick the for...
Henry Clark
Self Storage- COC, Cap rate, Cash Flow evaluation; which is best?
Was on another post and the question was asked, "What is a good COC for B and C self storage." The following discussion relates just to drive up B/C self storage locations. More than 80% of these are owned by Mom/Po...
Michael C.
Is it a good idea to get an LLC when getting started?
Hey ,So i am brand new to the world of real estate and recently bought my first two family. I was just wondering if it would be a good idea to get an LLC before i started to get more investment properties? Thank you!
Vania Castillo
The holder of a note died!
Hello BP member!
I issued a secure note to a LLC of a sole member, he unfortunately died this week. The note is backed up by a property and is a commercial note due to mature on October 18, 2020.
I'm not expecting...
Brant Richardson
401k owns LLC that invests in real estate?
I talked to a representative about making my 401k self directed to invest in real estate this morning. He said I can not invest directly in real estate with a sd401k but I can invest in an LLC with the sole purpo...
Chesley White
Cash out re-fi Gone Wrong. Advice needed!
So myself and my business partner have run into a situation where we need some advice. We bought a duplex in August of last year in Spartanburg, SC. It's near downtown in a great neighborhood where it's mostly sing...
Randy Hallowell
Increasing late fee to motivate rent being paid on time
Hi all! Thanks in advance for your help! I have a tenant that is consistently late with rent. It started with a day or 2, then 5, 10 and now we are at 27 days. My rental agreement states that rent is due on the first ...
Rodney Marcantel
Self Directed IRA or Take Loan from pre-taxed Retirement?
We have 2 options now that we're selling our home and cashing out enough money to pay our daugher's college fund. We have a 403B account in my wife's dad's name that is over $300K that is only drawing 3.5% interest. S...
Rodion M.
RENT-2-OWN without use of my credit and money... how?
During the "rich dad" seminar they were talking about rent-2-own properties and how we didn't even have to use our own money or credit.Can anyone expand on that and let me know what the process for that is? that's the...