Amanda Chandler
Rent or Sell Primary home?
Hi everyone. Looking for some feedback and help on this topic...
I own my personal residence that was purchased in December 2020 in Knoxville, TN. Used my real estate license and used the 2.5% commission + 2.5% of my...
James McGovern
Challenges in Using Hard Money Lenders
I recently purchased a property acquired via foreclosure auction and wanted to use a Hard Money lender. I found that many lenders create a which comes first chicken or egg challenge. In the State of Connecticut, the c...
Janice Evardome
Attached ADU LLC or Sole proprietorship?
Hi. We’re getting our attached ADU ready for long term rental in LA County. A lot of the Airbnb type of business recommends creation of an LLC for separating personal and business assets. For long term rentals does it...
Account Closed
How do I protect myself if I lend money to an investor?
Considering a personal loan to an individual for a real estate investment. The request is a loan with an interest of 12.5% paid annually x 2 years. After two years the initial loan amount is returned. Seems straight f...
John Williams
Outsourcing Airbnb Management
Would you consider outsourcing the management of your Airbnb? The biggest mental hurdle I faced when entering the STR space was that I did not want to deal with the headaches associated with managing an Airbnb and mai...
Meg K.
Pay off Mortgage for duplex early or wait out the mortgage period
Quick Question: I have a duplex that i have been renting out for the last 2 years. Purchased in 2003 for $90k (more than market value). I lived in one until until 2016 and I refinanced in 2014 to 15 yrs at 3.75% inter...
Matthew Newcomer
Setting up an LLC in Maryland as a Real Estate Holding Company
Hey BP community,My partner and I just purchased our first buy-and-hold property. It's 3 units and is under renovation right now. We are expecting our first renters to move in by March 2015. It's currently under hi...
Jeffrey Seid
How do lenders verify tax returns in Canada?
I always wondered how lenders verify tax returns in Canada. In the Usa, lenders can make you fill up a form that will allow them to pull your tax returns themselves, but such practise doesn’t happen in Canada. Lenders...
Cynthia Hartley
Should housemates' rent be claimed as income?
Hi all,Can/Should a homeowner with housemates claim the income (rent) and a portion of expenses (landscape maintenance, cleaning service, utilities, home repairs) on taxes as a business expense, if it is the homeowner...
Frank Macias
Bonita Springs Flood Insurance
Hello BP members!I am currently in the market for a multi-family property in the Naples/Bonita Springs area where my wife and I will house hack. The prices in Bonita Springs work better compared to Naples however one ...