First, some background info; I am working on buying my first rental property. I am planning on financing it with a home equity loan on my residence which I own outright. This all hinges on the pending appraisal of my...
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Hello BP Community,I've been reading the BP forums (and others) regarding forming LLCs, and oftentimes the information in one post/article negates what's in the next. My confusion lies in the varying information conc...
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Hi everyone. I was wondering if anyone here has any experience utilizing their primary residence for STR/AirBNB while away on vacations or long weekends? If so, how was your experience with it? We tend take weekend ...
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This is my first investment house. I am closing a new house in 2 weeks. When I want to rent out this house, I am thinking of leasing it to an LLC which will have both me and my wife as members and that LLC will be lea...
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I read somewhere that people can put together elaborate real estate deals with investors or regular people with money to spend in order to purchase the property and finance the renovation. But the catch is the money t...
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Anyone out there have insights into a fee (or other incentive stucture) that would be reasonable to charge to a partnership for personally guaranteeing a loan on a property being purchased by the partnership? Similar...
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What's the best way to use money in my 401k/IRA for flipping? if I setup a self-directed IRA and flip houses, would I be able to cash out the profit or does the money have to go back to the IRA?I understand if I roll ...
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Investment Info:
Other buy & hold investment.
Purchase price: $1,000
Cash invested: $1,000
Sale price: $4,500
Wrote letter to off market property land owners. Settled on cash price, without t...
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Noob here...
Up for debate:
Investing in SFH for cash flow. Cash flow is from owner finance mortgages instead of rental payments.
Which is better in your opinion?
Rental income OR Mortgage Income
Thanks in advan...
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What is the best way to setup up bank accounts for rentals. I have my main personal account. I also have another bank account at a different bank just for closer convenience. I have a 3rd bank that I just opened up...