Sam Spoerl
First time multi unit investment
Hi,My name is Sam and I am a new user of the forms and inviting. So I am looking for any advice that I can get. I’m looking to buy my first multi family property. I’m really trying to find any information on what expe...
Karen Rubin
SBA Coronavirus EIDL
I went to the streamlined EIDL and I see it asks for not only EIN but also my ssn, date of birth, bank account number. Is anyone concerned that this system could be hacked and identity be stolen?Also - this is where ...
Dan Kennerson
Questions about Section 42 Existing apartments for sale
Hey BP!I'm looking at an apartment building in a decent area (B/C class but well maintained, clean, and friendly small-ish town) and I'm trying to find the catch. I found this BP post which led me to this document, wh...
Michael Gayer Jr
Just started an LLC, can I change tax election? (Disregard to S)
Aloha Investors,I have a Tax Question ...I just started an LLC on November 16. Can I change tax election? Change from Disregarded to S-Corp. I haven't done any transactions yet. Thank you in advance,Mike
Alan Fitzpatrick
Is my employer doing something illegal?
I recently started with a new employer and am in the process of being added to their health insurance. Their policy is good, premiums are low, deductibles low.. but they charge money to take time off. They charge $3 a...
Jonathan Bombaci
FREE stuff through state incentives
In MA there are great rebates through mass save on any 1-4 unit residents properties. You can get:
-$10,000 per unit for mini-splits
- $5,000 per unit for knob and tube removal
- 75-100% off insulation
- FREE li...
Jessica Pratt
Tax free income from rentals
I've read several of the the Rich Dad Poor Dad books. He talks about taking out loans on the properties for your income because loans aren't taxable. Does this really work and how do you make the strategy viable? The ...
Pratap Koppula
COVID 19 - Payment Extensions
As the Nation is going through a pandemic situation and when the people are sitting at home, and if not in a situation to make the rental payment on first of the month, your automated payment installment is at risk.
...
Ryan Cooley
Assigning Property Contract to Yourself?
I heard of someone purchasing an investment property in their name and assigning the contract to their LLC. They then use the assignment fee as their down payment on the property. Does anyone have any insight into thi...
Patrick Leitch
Expense ratios for multi family properties
I am working on coming up with a few ratios for a multi family property my company has.
I am wanting to establish the operating expense ratio, total expense ratio, and debt coverage ratio. The debt coverage ratio is ...