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Hi everyone,My wife and I own 3 homes (1 Primary and 2 LTRs). Could any of you please advise us (not legal I understand) if setting up an LLC or these homes in a trust, etc would be beneficial? Just want to feel a sen...
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I'm working on a comprehensive Multifamily deal analysis spreadsheet that will go beyond basic analytics like CAP, GRM, Cash on Cash.
I'm trying to incorporate the tax shelter, mortgage interest deduction to show how...
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Attention new investors: As I’ve immersed myself in the BiggerPockets forums, I’ve observed an extreme emphasis placed on asset protection by those entering the business but their approach and where they decide to all...
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We wanted to put in an offer to buy a condo which was just put back on the market after a buyers financing fell through. Our realtor spoke with the sellers realtor and the sellers realtor said that no offer will be ...
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Hi, what would be the requirements if I wanted to have my father (non-owner) manage a property (SFR) for me in MN? Real estate license, background check, other? I went through the tenant/landlord handbook a little whi...
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Well, not entirely, but you can shield more of it.
I'm going to use a very round and specific example to demonstrate this concept. Check my understanding of the tax law on this.
Let's say you make x a year. You ...
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Hi everyone,
I’m a new investor in central Minnesota and I had a couple questions regarding the financials of a rental. Seeing as every CPA I tried to contact is busy with tax season, if anyone could answer even one ...
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I closed on my first duplex this past week and inherited tenants. Based on the lease and review from the former PM, tenant A is still owing pet deposit since Start of lease and is currently past due by 1.5 month. T...
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1.) What was your first real estate investment?
2.) Pros and cons of the route you took?
3.) Would you recommend a beginner investor take the same path you took to get started as a real estate investor?
Thanks i...
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Happy new year, folks! I'm a guy approaching middle-age, living in Chicago. For several reasons (property taxes, politics), I would prefer to begin real estate investing somewhere other than locally. Currently, my int...