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Hello Everyonei am looking to invest in oklahoma city, but what concerns me is that it looks like properties take a lot of damage from the weather such as hail storms, tornados, etcas a result of the weather, do you g...
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If you own your properties within a LLC is it prudent to also have umbrella insurance for each individual property? I've found obtaining umbrella insurance as a business (LLC) to be cumbersome and was wondering if...
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I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a busine...
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Good evening BP I currently own four homes, one I own free and clear and would like to do a cash out refinance to purchase more rental properties. Under my mentor he suggested I put the home I owe free and clear into ...
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Hi, I purchased an 8-unit set of townhouses in Seacoast New Hampshire in September 2020 and renovated all 8 units from October to January. The total project cost was ~$1.0M and now, based on current income/expenses an...
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Hi Bigger Pockets members,
I've been on Bigger Pockets for a couple years educating myself on Real Estate investing. I am just recently joining the platform as a CPA and looking to answer any questions you might have...
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Hello fellow BP'rs!I have been trying to find concrete info on laws...but it seems to be a grey area? I acquired a new unit and I'm now looking at a 1031 exchange of a portfolio (5 units, commercial financing) into s...
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Hi All! I'm going to describe my scenario in general terms for the sake of simplicity - here it goes!My wife and I are currently living in a house that we enjoy very much. The house was purchased May 2014 and the mor...
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I had a question that was a bit above my current knowledge level, wanted to get some opinions here (thank you in advance). 2 months ago, my wife and I purchased an investment home that sits on a double lot. My agent ...
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Hello, I have an interesting situation that i would like some of your input on. I recently represented the sellers of a duplex that was in pre foreclosure. In 10 days i marketed the property, held an open house, found...