Dan Kelley
Deduction: May be superior to home-office deduction?
I learned of this deduction at a real estate training. It may be common knowledge to you all, but I mentioned it to my accountant and she had never heard of it. Let me know what you think!Rather than using the "home-o...
Keith Richardson
Should I open an LLC for each property?
Hey all,I recently closed on a 3 unit property which I am going to house hack which brings my portfolio to a total of 5 doors (including the one im living in) and am curious if it would be wise to have an LLC for each...
Anthony Fontana
Create an LLC for first partnership? Best way to do so
I am 23 years old and am looking at buying small multi-family (<4 units) with a silent partner who is a physician by day. He is worried and wants his personal assets protected when investing (he is a high net worth...
Syreeta McDonald
New Investor: Advice on How to Build Portfolio with DSCR Loans
Hi. I am pulling out 140,000 on a property owned free and clear as a CASH REFI. I am trying to qualify with a Conventional loan, but if not I am going with a DSCR loan. My question is, once I receive the 140,000; woul...
Gabriel Mabry
Technology Must have!
If you could suggest one life changing piece of technology that helps your business tremendously (quicken books, excell. cell phones not included) what would that be? The new surface pro laptop? Some fancy software?I ...
Account Closed
DTI higher for regular loans so looking for lenders would finance for investment home
I currently have an FHA home that I live in and looking to buy a first small investment home. Have a very stable job and income but DIT slightly higher to get easy approval. Any lenders in Florida who would finance?.T...
Micah Dean
DSCR Explained Simply
In my search for understanding how to finance my second property with a business loan, I came across the DSCR route. This video helped me, as a business financing newbie, understand what a DSCR is and why it can be a ...
Stephen Chaney
New company, new investors, big goals.
Hey Biggerpockets!My name is Stephen Chaney. My wife and I are brand new to multi-family investing. Our new company (B&C Commercial Properties LLC) has purchased it's first 6 unit multi-family. Our first investmen...
Account Closed
leaning on liens...
If I place a lien on my own homes ( res and rental), in my own name, for the full market value, will those liens protect me from other liens except possibly mortgage co, if they are first and largest?
When I go to s...
Simon Stahl
Deed property from LLC to personal name in Texas
I currently own an LLC with one property in Texas. Because I live in California and have to pay the $800 franchise tax, I decided to get rid of the LLC and just own the property in my personal name. What is the best w...