Greg Hills
Underwriting feedback needed on Ridgewood Queens NYC deal
Hi all!
I’ve lurked up until now but I love the vibe of this community!! <3
I want to buy my first multi-family property. I have a job that provides me a good salary and I want to invest my spare time building we...
James Mudd
Live in apartment…or buy home..??
Soooo…here is my dilemma…should I stay living in an apartment while I accumulate rental properties so that I free up my debt ratio…for even more income properties?…or should I buy a home to live in and just accumul...
Jason Teague
Cash Boot on a 1031 exchange
I have a tax basis of $150,000 on a rental property that I am selling. I am under contract to sell the property for $215,000, of which after closing, I will realized $200,000. I have no debt on the property, I own i...
Madhan S.
LLC for buy and hold rentals?
Hi,Currently, I manage my rentals myself. Do I need to QCD them to a LLC? Or do I need separate LLC for each rental? Any pros and cons? Even with LLC, can I still do taxes in 1040 Schedule E?
Jacob Fitzgerald
To LLC or NOT to LLC that is the question
Building a few new builds a year and selling them.... do I need a LLC OR is it not worth it.
Wayne Swenseid
Retirement
I am suggesting for your 100th podcast add a fifth famous 4 question.How long is it going to take you to retire, or what constitutes retirement for you?And how much wealth would you need to accumulate to retire?
Mike Hoslar
Provide private lending to refinance existing rental property?
Hi, I have two rental properties in Calfiornia that are held in a LLC that is shared with me and one other partner. I financed both of these properties with traditional 30 year mortgages that I obtained from a bank. ...
Yougnay Samatha
Starting a repair company for rental properties?
HI all,
I hope this find you well. I am looking for some insight and feedback. I have recently bought my first duplex, where we will be living to the 2nd story and having a tenant in the 1st story. This is with hop...
Scott Perkins
How conservative is too conservative?
We've done some great deals but realize it may be stopping us from true growth. I love the 2% rule and achieve it well, but is that really the rule? 2% of cost for the rent fyi..... Currently looking at a $62k close w...
Don O.
Life Insurance as Deduction
I've been browsing the web and I don't believe I can write off any of my premium for life insurance but wanted to make sure I'm not missing anything.I am currently looking at purchasing my first property as a "buy and...