Jon S.
LLC declare as Partnership or S-Corp?
I have a new LLC. My prospective accountant has suggested that I declare it as an S-Corp. Would the income automatically pass through in an S-corp, to the members of the LLC? Is this good or bad, pros and cons? What a...
Michael Klinger
1031 Exchange into Multi-family: 1 year later. Now what?
I've been reflecting back as it is about a year now, since I began shopping for my 1031 exchange. Back then, I pivoted out of an owner occupied Los Angeles office building (that I had owned for 15 years), into 3 multi...
Steve Salvini
Apprasial Gone Wrong.
I recently went for a refinance on my current duplex and like many people ran into issues with a low appraisal. Despite the fact that we went back with more comparable they were reluctant to use it even though it was...
Kristen Martin
who's home owners insurance covers this?
Okay, here's my terrible transaction story: My husband and I listed our house for sale in early March. We immediately found a home we loved and wanted to purchase, so we made an offer, contingent upon the sale of our...
Sheldon Caruana
10k and First Time Home Buyer? What would you do?
Hey everyone, looking to purchase my first property, I'd like to make real estate my full time career, and I'd like to start now. I'm currently working full time, and have a 10k line of credit along with 12k non liqui...
Brandon Allenczy
Lessons from my first Airbnb
My wife and I decided to get started in REI by converting our primary home into our first short term rental. We packed up and moved to Asheville, NC, and started to manage the Airbnb back in Wilmington, NC.
We're on...
Andrew Bowden
Connecticut landlord raising rent by 45%. Legal?
Hello again BP. I have a fair question. I live in Connecticut. On a month to month with no lease. Is it possible for the landlord to up rent by as much as 45% in as little as one month?
The circumstances are as follo...
Cody Godfrey
Odds of Getting Through Underwriting
Hey Everyone!I have a 2 unit I'm currently under contract on. The loan is now in the underwriting stage and my nerves are all over the place. I'm hoping to get some reassurance or input regarding the likelihood of my ...
Tyler Vogt
7 unit multi family house with tenants in all units
This is a great deal and I’m trying to find a way to finance it. This is my first commercial deal so I’m still learning how it all works. My brother and I have enough for 20% down payment. Or should we go hard money a...
Aaron White
Learned a lot, Major gut job that I still have as a rental
Investment Info:
Single-family residence hard money loan investment.
Purchase price: $105,000
Cash invested: $24,000
Purchased from a wholesaler using hard money lender and equity in home. House had...