Brendon Grover
Best loan for a person with no money to start a business?
Good day to all! I have been researching REI and am serious in getting started. I have been a member of BP for about a week now and love getting online everyday to read stories and advice from other people. I am no...
Scott Falvey
New Investor in the Baltimore/Columbia area - should I purchase as individual or LLC?
Hi ALL!I've always been interested in real estate but never thought it was something that I could build wealth with. My wife and I were always on the wrong side of the deal so we shied away from it. Recently I decided...
Lauren Beech
Is a quit claim my answer?
Good evening everyone!
I am looking for some advice on the proper way to turn my current primary property into my investment property. I currently have a LLC that I would like to transfer my property into but I've r...
Peter Fennig
GET IT IN WRITING!!!
For starters some may not look at this as a success story, but I most certainly do. For one I got all of my money plus interest back that had been promised to my lenders on my first flip and two, I learned a very valu...
Harley Cedoit
Paying on the mortgage?
How do I go about putting a rental on an LLC, if I'm still paying on the mortgage?
Chris Fore
Double Taxation on ROTH IRA contributions for down payment
I have a solid ROTH IRA and I was interested in using some of the contributions as the down payment on a property. That money has already been taxed (as per the definition of a ROTH IRA). However, once that money ge...
Kay Na
preparing to inherit 3-5 debt free homes.. now what?
hello new (first message) hope i'm posting in the correct place, apologies if not.So here's my situation...I'm 35 (only child/no kids, renter, total debt 60K -primary student loans, good job in tech) I have small fami...
Ryan Moore
How to earn a little more on my rental's reserves w/ LLC
I have my rental's reserves sitting in my business account earning nothing. I have my personal finance reserves over at Ally earning 1.65%. Nothing crazy, but still it's something. I cannot open an account under my...
Dave Ketcham
Cash-out refinancing as a tax strategy for retired owners?
A business partner of mine is in a partnership that owns an apartment building worth about $3M. They've been upgrading units as they've become vacant, which has reduced the monthly cash flow temporarily with expectat...
Michelle Garcia
Separate bank account to collect rent?
Hi all,
I am curious to know what the BP community thinks about opening a separate bank account to collect tenant rent. I currently don't want to start an LLC yet since I am in the beginning stages (haven't purchase...