Josh Clemence
Contract and Tax Question
This is unfamiliar territory to me so thought I would as here. I am going to talk to my accountant next week, but thought I might be able to get some information ahead of time.
I am in the process of buying a hous...
Patrick Ng
Financing a duplex investment property
Hi all, I am looking to move on a duplex. I recently closed on a SFH, and my goal for financing this property is to keep more cash on hand in case of repairs etc on the other properties I have. For this property, all ...
Clive Trucks
Tax Consequences Question
Say I was gifted a commercial building that I operated a bar/restaurant in and it was appraised for $2MM.Then I "sell" the building into an LLC, which I would also own, for $800k.That price of $800k is because a lende...
David Driscoll
Looking a smart tax person
I would like to buy a property, rehab and flip.
The situation: The owner/daughter inherited it from Mom and Dad, the property is free and clear. The property is vacant and the owner doesn't intend to ever li...
Olivia C.
Charitable Remainder Trusts - tax strategy opportunity
Many of us plan to leave a good portion of our estates to charities. Charitable Remainder Trusts can be good vehicles for this while reducing taxes. Here are two articles I found. Link to original article at the ...
Jeremy Martin
Clueless Newbies With Big Head Start
Hello,I was hoping you guys could provide me a few tips based on the unique situation I'm in. For the past couple years I've wanted to start building passive income, and I'm very interested in real estate. I just hit ...
Michael S.
2016 Favorite Business / Landlord Credit Card
What's everyone's favorite credit card as a landlord? Seems like there are lots of options, just want opinions on which offer great rewards and other benefits.
Corey Blank
Purchasing second multifamily
I am looking to go after a second multi family property. My business partner and I just bought one last year. He has a few other properties so we would have to do it as an investment property can’t use owner occupancy...
Lucas Hammer
Do you do anything for a tenant after a big inconvenience?
I posted this in a local forum but realized it might be better here. I have concrete work going on while I'm writing this and there's a jackhammer downstairs outside my tenant's unit. I gave him a couple day warning (...
Roxanne Lembke
Financing a Property using Family Funds for Downpayment
Hello BP friends!
How might a mortgage be structured if I qualify for the mortgage but I have family who would like to partner on the transaction by contributing the downpayment (20-25%) Can you go conventional on an...