Good Morning Fellow BPers!
My wife and I are thinking of purchasing a new home due to a growing family and we would like to convert our existing home to a rental property. There is little to no equity in the...
I'm probably the only person on here that has gone through this, but I don't know of another forum where I can discuss this. I rent out RVs that people live in. I've been doing it for over 3 years. So, eleven months a...
I have a theoretical question that I wanted to run by the community. I am analyzing a 4-unit building in an up and coming area. The numbers pencil out fine as is but I wonder if down the line the condo market in this ...
Scenario: I own a land parcel in my self directed Roth IRA (let's say valued at $50k), and have a small amount of additional funds ($25k) in the Roth account. We plan to build a home and sell (construction budget $250...
I am looking to buy a triplex or quad. I have come across some legal duplexes that have been converted to either a triplex or a quad. What are the consequences that could happen if I purchase a "nonconforming" propert...
@darrensager I'm curious to know what most property owners do when it comes to protecting yourself and also tax purposes. I read some pros and cons for putting rentals in an LLC. The one that concerns me the most is...
Hi, I am in the process of presenting an offer on a property owned outright. The seller has had for over 30 years. He has stated that he wants to do a 1031, however he does not have another property in mind yet. I...
For example, I want to use the LLC when I do business with property managers, contractors, opening bank accounts, accounting, cash flow, taxes etc; but at the same time the properties for the mentioned transactions ar...
My wife and I currently manage our own STR and it has been amazingly successful for us. We live in Coeur d'Alene, ID which is a resort town so we are seeing profit year round. We have had a few folks reach out to as...
Looking for some advice on a way to sell a property in Canada without taking a big capital gains hit. I purchased a rental property for $193,000 a few years ago and our market has gone up considerably since. The prope...