Rafael Ortega
Buying Real Estate under LLC or your name
Hi Team,
I have two properties under contract ( single family homes). Should I buy them under my business name LLC or just under my name? these will be my very first rental properties. I will use hard money lend...
Jeremy H.
deduction rental, property tax and mortgage interest
I wanted to buy an investment property for rental. my payments on my primary residence will hit the limit for mortgage interest and property tax deduction under the proposed GOP tax plan.But as I recall doing my taxes...
Austin Wood
Average cost to repair cracked foundation?
When calculation rehab, what should I allow for foundation repair budget?
Zach Yonek
Pressure test failed
Looking at a HUD home where the pressure test failed for the plumbing. Wondering what kind of numbers to conservatively budget for a worst case scenario? With it being a HUD home, I'm told they won't turn the water on...
Kevin Nichols
Hot Water Heater ("Too small")
We have a duplex where on one side, the previous owner moved the hot water heater from the attic down to the small kitchen and made it an under cabinet installation.It's pretty small....probably 30 gallon, electric.Te...
Himanshu Jain
Buyer asking for compensation after closing as basement flooded
Just completed my first flip and sold the house on day one. Now with recent heavy rains the basement got flooded after closing. As per buyer there are signs of flooding before and they claim that I tried to hide that ...
Chavdar Kehayov
Free and Clear Property under LLC i need some financing
Hi Guys, Could you please give me some ideas how i can get some financing. I have a free and clear property located in NJ under IL LLC. I would like to get some financing available to do two short sales cash deals. My...
Ethan Romero
launch control pricing
hi everyone! i was curious as to if anyone is using launch control, and how their pricing works. so from what i can tell it seems the texts are included in the price of the plan, is this correct or is there a per sms ...
Harsh Dangaria
tax question on refi
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
Klemont Wright
What to do about a concrete slab listing that is not actually a concrete slab
Went and took a look at a property today that is listed as having a concrete slab foundation.The home shows all the signs of foundation issues on the exterior, and interior.
Upon closer inspection, we were able to re...