Account Closed
Monthly profit on first investment - What to do with it?
I purchased a home with cash last month. I did a little clean up and now renting it out. I'm generating a nice monthly profit after all insurance, fees, taxes, upkeep, etc. I'd like to save this profit and put it ...
Marlow Martinez
Off Shore Banking Anyone????
Just wanted to see if anyone has had any success with off shore banking. I've heard some nightmare stories about money being there one day and not the next day. Is they money truly safe??? Are there safegaurds and reg...
David Abollo
solo 401k vs self deferred IRA
I am in the process of selling my 1st piece of land and want to put profits into a account but I don't know which one will be more beneficial in the long run, Solo 401k vs Self Deferred IRA. I plan on continuing to pu...
Ally Gao
US resident form LLC with foreign partner
Hi BP experts,
I am newbie from TX. I am planning to register a LLC with a friend who is a foreigner. I have a few questions and hoping to hear your expert advice.
1. Does my foreign partner need to apply ITIN for ...
Jayme Carlson
Illinois eviction help
Starting my first eviction today. Boone county, Illinois. My question is, since I live in the other side of this duplex (I’m househacking, do I have any extra leverage versus if I didn’t live here. Is there anything t...
Don Chan
RE Lending Crowdfunding - Taxes & LLC
Hi BP,I've successfully invested in real estate debt crowdfunding (i.e. Peer Street, LendingHome, etc) and now would like to incorporate as a LLC (for asset protection) and declare taxes as a C-Corp (for the differenc...
Leo Day
Does multi-family/apartment home appreciate as fast as single family homes?
Hi BP,New member here trying to gain some knowledge.Assuming in a fast growing city like Phenix, AZ what is the pro/cons for picking few single family homes for long term rental/cash flow comparing of buying a multifa...
Jack Tinker
Who Includes Rental Income Tax as an expense?!
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
Justin Carter
Duplex Opportunity in SE Washington, DC - Pennsylvania Ave/Minnesota Ave
Hello BP Community,I am looking at a duplex in SE DC, right off of Pennsylvania Ave/Minnesota Avenue. The duplex is brand new construction and is being offered at $799K. I was thinking this could be a good house hacki...
N/A N/A
What to do with Operating Expense Reserves
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...