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I am recently married and we plan to sell my wife's home. The equity would be enough to either pay cash for a rental property or pay off the mortgage on our primary residence. Not sure which is the smartest move. What...
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Hi everyone! I bought a house hack last year and my husband and I are buying another househack this year and wondering what the best insurance setup would be. We have Safeco primary residence insurance right now but w...
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Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...
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Hi everyone,My mother passed away last May and since then I have been living in the home. I am paying her mortgage and am going through the Probate process right now. The house will be transferred to my name. I have q...
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Hi BP
I am running through some scenarios for a first rental property which will be out of state using a PM.
The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...
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Good afternoon, I am a semi new real estate investor( my husband and I converted an old residence into a rental once we moved into a new place) and have started to attend real estate meet ups in our area (Eau Claire, ...
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With insurance premiums for apartment properties increasing so dramatically in recent years, I am leaning towards trying to save some costs by increasing my deductible to the highest deductible possible. For example,...
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I have a section 8 tenant in New Jearsey. To name a few she damaged her unit and the unit under her and not willing to pay for the damages that she caused (I had both places fixed). Changed the lock without my knowled...
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I don't want to get stuck in the need to start X before I really get things moving. Curious to whom became a landlord without an LLC. I have a plan working with a friend who owns an insurance company to guide me on a ...
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I've seen a lot of posts on this site about putting one's investment properties in LLCs. The wisdom of doing this seems to be a given.
Could some one please tell this newbie in a nutshell what the advantages are to ...