Account Closed
Life Insurance to avoid taxes?
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
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my moms rental kitchen burned up-insurance pays too little
Hi all- what a cool website. This is my first post. My poor mom has 4 rentals, two with big problems. In one, the kithen is completely burned out and insurance will only pay 10, 000 dollars. Luckily my husband is a co...
Christophe Noualhat
Property destroyed - what to do next ?
Hi everyone ! Out of state / out of country investor here... I have (had ?) a rental property in Toledo, one month ago a fire broke out in the house's first floor, tenants been evacuated and house boarded up. The insu...
Ben Bourgeault
Asset Protection Plan
Hi, I am fairly new to the investor world and I am concerned about asset protection. I use most of my cash flow to pay down the mortgages on the properties but the more equity I have in the house the more I am concern...
Tyler Piciullo
Looking to buy my first deal (need help with numbers)
Guys I am looking to purchase my first deal. I have saved up plenty of capital and now the education is just holding me back. Ideally I am looking for something that cash flows.
1. What advice would you give a bran...
Ohad Folman
Reasonable property insurance annual cost
Hi everyone,
I'm pretty new here. Recently bought two properties (single and a duplex) in Detroit MI. Looking to insure them (under my llc). I got a quote for $550/m for both. Seems high. It is up to $1m for each pr...
Candice Crawford
Best tax tragedy to move income in an partnership LLC
Hello, First time operating my business in a partnership LLC. I have just made my first real estate deal. I would like to open a whole life insurance policy on myself and put recently earned funds into it. Basically c...
Sastry Konduri
Is this a good purchase?
Hi All RE Gurus,I and my partner are trying to put an offer on a 4-unit in Ohio.Purchase Price : 230KDown payment: 57,500Repairs: 15K(All the units are currently rented. But want to add this)We want to do 15 year mort...
Mike L.
New guy with a couple of questions FHA loan?
Hey everyone!
I am looking to purchase my first house/investment property. I am looking at multi units, duplexes or quad and I have a couple of questions.
• Is it worth me getting the FHA becaus...
Jason Malyon
Should i get life cover & a retirement annuity?
The big question that I have battled with for years: should I get life cover and an retirement annuity?I had 2 kids quite young, before I was financially stable, but we made it work, I am the bread winner with a decen...