Mark Zamitalo
SD IRA - Have 2 Properties Now what
So I have purchased and own two properties (a duplex and condo) through my self directed IRA. My question is this ---- now what do I do? How do I purchase more units? Unfortunately, I don't have enough money i...
Stephanie St. Germain
LLC questions and taxes
Hello, I have recently been considering a shift in my mindset from long-term rental property in my local market (Charlotte, NC) towards the idea of short-term rental property in an out-of-state market (that is more af...
Account Closed
Bed bugs on the Walls/Ceiling
Hi - I started seeing bed bugs on the wall and ceiling in my living room a few weeks ago. Initially I didn't know what they were so I was just vacuuming them up. A few days ago I finally used a bug identifier app an...
Charlene Isoh
IIP Management - Honest feedback
Hey All,I signed on to IIP management after a horrendous experience with Greater Eastern management last year, but it feels as if I've moved to another money sucking/non-transparent property management company. I want...
Jim M.
Deductions for a newbie
So I am a brand-newbie at this, have not done a deal yet. I realize that the very first thing I need to do is educate myself, which will probably take several months (which will put us into the next tax year) before ...
Praveen Venkat
Glbert Rental Property HOA debt collection
Hello All,I am home owner. I own a rental property in GIlbert AZ. I received a letter out of the blue today from an attorney's office attempting to collect debt for HOA dues totalling $2500. They claim its been due f...
Crane Xu
Cash out refi question
I have an investment property (100%) equity that I'm taking out 70% LTV to pay off 2 additional investment properties' mortgage. My question is once the 2 properties are paid off, how soon can I take out another cash ...
Account Closed
Opening HELOC on Parent's LA Home, My Name Not on Title
Hey BP, making my first post here!I'm looking to open a HELOC on my parents home here in Los Angeles, and use the money to fund rehabs to make their property rent ready. Currently my parent's home is my primary reside...
Joel Owens
Wierd property insurance claim
Ok so one of my distant family members in Massachusetts owns a condo that is on the ground floor.
A week ago he hears a gurgling inside his apartment and notices his walls start bowing out.
Water is coming into his ...
Michael Ming
Seeking Advice: Managing Tax Obligations and Property Down Payment
Hello everyone,
I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.
I have a pending income tax payment of approximately $200K for the year 2023, due by Septem...