Jordan Wood
HELOC vs personal capital for first 2 properties?
Good morning,
I have been familiar with BP for about a year now, but I thought it was time I jump in here and start becoming a little more active in hopes of accelerating my investment journey. There is such a fine ...
Bryant McClellan
Business Loan or Equity from Personal/Investing Property
I'm trying to decide which route to take, I have a new LLC trying to build business credit. I purchased a duplex using my personal credit, trying to decide which would be the best approach in getting more properties...
Keith Miller
First property purchase as an LLC vs. Personal?
My Mother and I have partnered to create an LLC to begin our real estate portfolio that we intend to slowly scale. Our basic criteria includes side by side duplexes that create at least 1% combined rental income on t...
Willie Flint
Transferring 2 properties from personal ownership to LLC
Hello experts,
We have 3 rentals, 2 with mortgages, and started an LLC. We are buying more properties for sure and want to do things optimally. Does the bank allow transferring title to an LLC, or will require a re-f...
Michael Wolffs
Tax deferred transaction between personal and investment property
I own a personal residence with A LOT of equity. I'm single, so if I sell it I can avoid tax on $250K of cap gains, but there would be significantly more than that. If I sell the property, and roll the proceeds into...
Darina Pogodina
Multi-Family property in Marlborough, MA - personal residence
Hi BP Community!Happy New Year to all. Does anyone successfully own multi -Family Property in Marlborough, Ma? I am new to this town and Looking to buy 3 decker for a personal residence, house hacking tactic. Will the...
Margaret Feit
Properties Titled Personally but Reported on Partnership 1065
My husband and I have an LLC with a 50% split in ownership, taxed as a partnership. We own several rental properties, which we run through this LLC. We have separate business bank accounts and credit cards and run all...
Nicholas Montevecchi
Capital Cost Allowance on Personally owned Rental Properties
Hey there fellow CAD investors! I am having some discussions regarding Capital Cost Allowance with my accountant and would like to get some feedback from people on this site who have experience and opinions on this to...
Sam Leon
Property tax deduction for a third personal home?
I am trying to find out if it is OK to deduct the property taxes you paid for a third home.I know the mortgage interests you can only deduct a primary residence and a second home, not a third. But what about property...
Adam S.
LLC vs personal name when closing on property
Hello all,When closing on a property with a conventional loan (under your personal name) - which bank account (LLC or personal) do you pay bank fees, title fees, downpayment, etc?I am just confused b/c conventional lo...