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Jumping in to my first property finally! Buying it as my primary, will Air BnB as much as possible throughout the year and stay in my RV when it's rented. I will be managing the property, doing all of the listings, ...
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Hello BPers! My wife and I just purchased our first property using a personal loan. It is 3 units and will be owner occupied. We did the research about LLC vs Umbrella Policy and ultimately decided on a $2mill umbrell...
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I searched the forms but didn't find the info that I am searching for.We are selling a piece of property for 850,000. We currently own a building that has a loan of 325,000, with a recent appraisal of 400,000. Both of...
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I can't deduct depreciation of rental SFR as I does not qualify as "active" real estate investor because I have full time day job and SFR rental is only part-time.When I sell this rental SFR, I recapture depreciation ...
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- Obtain seperate phone for business.
- Attend local RE Club meeting for first time.
- arrive early, stay late.
- immediately place contact info from networking into my
database.
...
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Hello,
Im closing on a property today that I intend to flip for a profit. I bought the house via forclosure for $115k, will put about $20k into it and will list it for $225k. Im curious what is the best way to approa...
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The hardest part of REI is finding the right inventory! What are some strategies do you use to find off market properties to give yourself the best chance at landing a new property? There are so many avenues that ever...
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Hello, can someone tell me what is the best way to transfer ownership of a property from a C corp to myself personally ?
I own 100% of the shares of the C corp. I own the property free and clear.
I und...
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I'm looking for some expertise from STR landlords or accountants. I came into an extra $200K this year! The problem is it's going to be taxed as W-2 earnings. I only have long-term rentals and a full-time job so I co...
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I just learned that builders risk and liability insurance coverage can cease once a CO is issued for a new build. The provider I am using allows for 60 days of continued coverage once construction is completed.
I’d ...