Harry Tommas
Best Structure For Tax Purposes?
Hey all,
First post on BP and I'm a relative new comer to RE investing so be gentle. Here's my current setup:
-a long held rental property (condo) in my name with a loan in my wife and my name jointly.
-a recently a...
Jon Roberts
When to work with an attorney?
My wife and I are under contract on our first investment property, an STR in the Branson, MO area.The condo we are purchasing is already cleared for nightly rentals, but we need to get a business license through the c...
Amanda Crawford
New Investors Needing Advice on LLC
Hi! My husband and I are about to close on our first two investment properties in FL. One will be a BRRRR and the other is a flip. We have a HELOC for the BRRRR and an investment loan for the flip. Both are under cont...
Account Closed
Refinancing from personal loan into business portfolio loan
If you have a property (<4 units) that is under a personal conventional loan, but was quick deeded to a LLC (with two owners) at closing, what options are available when refinancing? Can you refinance the loan from...
Laura Espaillat
Crazy Facts- Tenant in Common Issues
My question involves real estate located in the State of: North CarolinaP - PlaintiffD- DeceasedDF- DefendantHello everyone, here are the facts:- DF and D were in a romantic relationship. D asked DF to move in order f...
Orkeem Davis
Looking to sell duplex to have more liquidity to purchase 4 plex
I have owned my duplex for 2 months in Ventnor, NJ and I have since renovated the 2nd floor apt one and I have refinished hardwood floors throughout. Presently, the duplex is bringing in $2100 monthly for both units....
Cameron Wutzke
Parents forced me to co-sign for my credit, does this bar me from FHA?
Hey BP community!My friend is in this situation, wanted me to ask the forums about it:When my parents bought a house many years ago, they made me co-sign because my credit score was higher than theirs. Ethics of this ...
Bryan N.
LLC for flipping and I'm an out of state resident
So, I'm active duty military with rentals held under my name and an umbrella. I'm going to start flipping. I was going to start an LLC because I was told that it will limit my taxes to 15%. Currently I'm in the 25%...
Hannah Woodward
Tenants wanna move out before lease is up
So I have tenants that are best friends. Over the weekend one tenant got into a car accident and said he wont have rent on the first due to the car payment issues. I said well, you are required to pay rent but Ill giv...
Jean-Pierre Lepoureau
Owner Financing Contracts Gone Wrong
Folks,Just a question has anyone ever experience a situation where you have owner financing and you have paid the entire term to find out that the owner is deceased? So you pay into a fix bank account for 20 years an...