Dan Chandler
Paying Tax on Rent
I am filing with the state to form an LLC in which to purchase homes and rent them out. There are a lot of questions about sales tax. Do I pay sales tax on the rent that I will be collecting? And if I do, is it just f...
Nicholas Panetta
Introduction - Looking for a new way to freedom
Hello,My name is Nick Panetta. I live in Palmetto, FL with my wife and our two daughters Taytum (2.5 yrs old) and Reese (3 month old). Currently, I am a strength and conditioning coach in the Bradenton, FL area. My...
Amit Patel
Buying first Multi-Family - LLC Help (NJ )
I want to buy a 3-family in an LLC but can only get mortgage on personal loan.
I am getting conflicting advice from RE Lawyer and accountants.
ANy advice would help, esp. if you did this in New Jersey
* Can i buy in ...
Samuel Chua
What happens if I fail to pay the mortgage for my property
What happens if I have a bank loan and fail to pay the mortgage? Will the bank take the property away from me? Is this why it is always better to get a downpayment even though I have enough cash to purchase the entire...
Jason Toudt
REALTORS® and Wholesaling
ContextI'm a licensed real estate broker in North Carolina, and a member of the local and national REALTOR® Associations. I also want to start investing, and from what I've been learning from the podcast, books, and o...
Addy Cash
$350K investment in real estate
I bought a rental property(single-family house) in Oregon for $350K cash and placed it on rent for $1850 per month. I pay $185/month in HOA and $9000/year in property taxes. I had to make a quick decision with buying ...
Kerry White
Looking to save on closing cost
So i bought my first property 8/13 I'm responsible for the 2014 taxes which are roughly $3,500 i have been holding and renovating this for quite some time now due to unfortunate events. But now i am ready to sell. Hom...
Jacob Waugh
Large payment to ditch pmi on house hack?
At the end of August I purchased an 1100sqft duplex. 1 bed 1 bath each side. $140,000 purchase price. 5% down. After credit for repairs it cost me 4k out of pocket. I inherited a tenant with a lease until July he pays...
Alexander Rek
What are Best Toilets for Small Bathrooms?
Hello All,
I am currently approaching the end of a two flat renovation from hell. The building was built in 1930, and it was a complete gut rehab. The bathrooms, which are quite small, have vanities and wal...
Austin Latty
New LLC Questions
Hello BP,I am a new investor and just recently went under contract for my first flip property. I set up an LLC, and it will be buying the property. I also just opened up a business bank account. I have about 35k in...