James Gravitt
SAFE Act Questions
Is this something we need, if we plan on financing the MH's ourselves? Do we have to be licensed now? Or will we soon?
Suneel P.
What is the Property tax on rented properties in Texas?
I am planning to buy a single-family house in Austin, Texas or surrounding cities and rent it out. I learnt that property taxes for owner-occupied homes are different from that of rented Properties. What would be the ...
Sylvester Thompson
Hard Money Lending Requirements to an LLC
I've had some very preliminary discussions with Hard Money Lenders, both have stated they only loan to LLC Entities. My natural assumption is that it's easier to foreclose on a property that's held by LLC vs an indivi...
Philip Bourdon
IRA Distribution - Taxes
This is a question for you Tax-Savvy Folk out there. I'll soon be 59 1/2 and am planning take a distribution on a 403b (non-profit organizations) that I have with the intention of using it in a SD IRA (most likely wit...
Enrique P.
Can you create an LLC for a multi-family house-hack?
The title says it all. Researching before trying my first house hack in NJ. Can you (or should you) start an LLC for your house-hack? Is it complicated by the fact that you’re living in it?
Minh Le
Delayed Financing in Houston, TX
Hello BP community,I am ready to make a cash offer on a major rehab property and plan to utilize the delayed financing exemption to get my capital back out (sales price, closing costs, and rehab). I am hearing conflic...
Lacey A.
Rent to Myself
Is it legal, per the IRS, to rent my primary home back to myself? I have some upcoming repairs needed that outweigh the Homestead Exemption and plan to make my primary home a long term rental in the next 7 years but t...
Account Closed
North Carolina Sales and Use Tax for Landlords - New Rules
House Bill 1050 (S.L. 2014-3), signed into law May 29, 2014 by Governor McCrory, provides that the gross receipts derived from the rental of a private residence, cottage, or similar accommodation listed with a real es...
Mitch Conrad
Syndication vs Private Fund LLC
My wife and I own and operate 23 senior living communities (assisted living, memory care, and independent living) across Colorado and we are now expanding into Arizona. I've often had people ask if they can invest to...
Thanh Nguyen
Mortgage loan originator role!
As Dodd Frank Act coming, I can see that LO investor should use MLO ( Mortgage loan originator) as our middle man to structure a deal. I used to close a deal in an attorney office. My question is if you put a MLO i...