Patrick Hall
Self Directed 401K Taxation of Rental Income
I am looking for some initial advice (prior to hearing from my CPA) concerning the use of a self directed 401k to purchase and operated a multifamily real estate unit. My primary question is one of "business" or "com...
Logan Jamieson
Buying Investment Property with llc vs personal mortgage?
Hello BP friends! Can someone clarify for me the pros and cons of purchasing an investment property (which I will live in) with an llc vs a personal home mortgage? Specifically, tax incentives/ deductions? My resea...
Troy Elston
Converting private residence to rental property
I'm having a difficult time calculating tax gain/loss from a property sale and was wondering if someone could help me with calculations.Purchased Home in 2005 for $145500Converted personal home to a rental property in...
Ryan Daniel
When to transfer title to LLC
Hello!
When is everyone transferring their titles to their LLC’s? I heard Brandon talking about how he uses private money, rehabs, refinances, and then transfers the title to his LLC. But how are investors getting ar...
Amanda Chandler
Hard Money as an individual or through an LLC
I've seen some posts on the forum about hard money lenders "requiring" an LLC for them to loan money. Can anyone share their experience borrowing hard money either through an LLC or as an individual?Thank you in advance!
Jerrod Hill
Process of buying land for development
I have been researching into building a home from scratch. I haven't been able to find good podcast or resources on here that discuss this topic. I understand the design and build part, but I don't know where to start...
Matt Marino
Do you successfully use Mint as a budgeting software?
I've signed up for mint two or three times in the past, and I've never stuck to it because I feel like there are some very basic things that I am just not allowed to do. I'm giving it another go since I've heard other...
Willie Holdman
What are the rules in paying no capitol gains tax for income below 41,675?
In 2022 I sold my home I lived in for over 2 years. I used half the home for business. I took the 250,000 deduction, and used the remaining profits on the home to do a 1031 exchange. I overlooked that I still owed a m...
Desmond Fielding
Transferring Property to an LLC - Fannie Mae Approved Method
I have seen a lot of posts on BP Forum regarding transferring a rental property from your personal name to an LLC and have searched the forums in the past trying to gather information. I haven't run across a post with...
Bernard Chouinard
Bankruptcy but still house the house?
Often, I come across houses where the owner filed bankruptcy if it is recent or even 6+ years prior. I understand the bankruptcy addresses the mortgage but according to the state records they are still the owner of t...