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Results (2981)
William Mccurdy Depreciation method preference
6 January 2017 | 22 replies

MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...

Dustin Mathenia Buying a non preforming second lien with a non preforming first
1 January 2020 | 15 replies

Let's start by saying I am a newbie when it comes to not buying or selling. I am trying to get a feeling for what makes a good deal or a bad deal and the different strategies when buying a non preforming note. I'm loo...

Michael A. Is changing ownership to an LLC really worth it?
11 March 2023 | 5 replies

I recently purchased a Duplex in Ohio with my mentor. We purchased it in our individual names and are trying to decide if transferring the deed to an LLC is worth it. I was under the impression that an LLC protects yo...

Riley Johnson Threatened by HOA (not fines) legal action
18 November 2021 | 4 replies

I am being threatened by my HOA board. Originally, the HOA president and my neighbor had no problem with me airbnbing my property until I move in. The other HOA member said this.... After I asked her why I haven’t bee...

Glen Emery Large Umbrella Policy vs. L.L.C.
14 February 2017 | 4 replies

Could someone please give advice on if I should buy my first U.S. property in my personal name or in an L.L.C.? I am Canadian and it's been recommended to me several times by accountants to just buy my first property ...

Bryan Laufenberg Umbrella policy vs. multiple LLCs
14 November 2019 | 7 replies

To protect my personal assets, is it better to form an LLC for each individual investment property I purchase, or to just get an umbrella policy?

Christopher Davis Loan amount and interest question over the long term
11 June 2019 | 6 replies

Hi, Newbie here. At the moment I am reading The Bigger Pockets book Rental Property Investing, getting the basics down. I am also starting to analyze some properties in a particular market. I have a general question a...

Rafael Brown Should I push back on the bank or not??
20 January 2016 | 8 replies

Ok. So I purchased this foreclosed property for a really great value ($47,075). The bank just sent my realtor a note saying that because there are 2 liens that need to be handled (they are taking care of them), that c...

Marsay Winder BRRRR update - underwriting complications (new experience!!!)
13 July 2019 | 6 replies

I had a recent experience with a lender that baffled me and wanted to share.  I purchased a 40K home that was being used as a college rental.  Based on doing prior deals with the seller and his motivation to liquidate...

Charles Osugo What account do you use for savings?
9 June 2020 | 7 replies

So far the best rate I've seen for saving accounts is from Varo bank, they give 2.48% if you jump relatively simple hoops (5 debit transactions/month, 300 a month in direct deposits). Do any of you know a higher APY s...