Nick Frey
1031 in less than a year (short term capital gains)
Property A was owned by LLC A 50/50 me and another partner. After five years of LLC A owning Property A, I created LLC B with two extreme-minority partners (0.5% each, as a formality for lending purposes) and bought ...
Jeff D.
tax on LLC doing flips vs. tax on S-CORP doing flips?
Could someone please tell me in as general numbers and terms as possible what the overall difference in end taxes might be between these two? Let's say for example the company clears 120k in profit on sold flips eac...
Gregory Schwartz
DTI: How do different loans effect the debt side of DTI
I have different loans and I want to know how they will affect my DTI
1. Seller Financed: I don't see any verbiage in the loan document that made me think this is personally guaranteed. Do the taxes and insurance on...
Anthony Shui
Bought my first house / primary residence. Advice for managing househack expenses?
Hey folks! New here, just bought a 4 bed 2 bath as my primary residence that I'm currently remodeling into a 5 bed 3 bath before having some tenants moving in with me.Current thoughts:1. Black Friday / Cyber Monday de...
Chris Mullinax
Is an LLC the best option?
In the majority of possible investment scenarios, an LLC is the best option for rental property owners. How many of you transferred your properties to an LLC? 🤔
Tim Macy
LLCs and Partnership questions!
I'm planning on reaching out to some different people to form partnerships on SFRs.They would put the money up and we would split income and equity. I plan on setting up an LLC with each partner (planning on having m...
Michael Giuffre
Buying rental property with my father - How to structure?
I'm in the process of buying the first of, hopefully, many rental properties and am financing it as a joint mortgage applicant with my father. As I understand, we can not apply for a mortgage in an LLC's name and aft...
Kevin Phu
SFR House Hack-Potential Tenant has pets...Need Advice
Okay so I'm looking for some advice from landlords that have more experience than I...especially in the SFR house hacking realm.I currently own a 4br 2ba SFR. I live in the master and have two of the other bedrooms re...
Zac Huntley
Legal to perform elec and plumbing work for MMLLC property?
Hi everyone,I have been a long-time lurker and have listened to a boatload of BP podcasts over the past three years. Two years ago, my family finally went forward with purchasing a rental property. However, after demo...
Jim Tiernan
Listsource questions
I want to target non-owner occupied free and clear properties.
To get free and clear properties I need the filter "equity = 100%"?
Why exclude "corporate-owned properties"? I would think many non-owner ...