Dominika M
Refinancing to get cash out - Canada
Hi all,
I'm working out my long term strategy and seeing if I can stay in Canada and somehow be able to buy more than one property. @Roy N. gave me an awesome long answer on buying past the 1st property (see below). ...
Jake Cohen
New Multifamily AirBNB Renovation Complete!
The details:Total of 7 beds, 4 baths divided into 3 units in Steamboat Springs, COPurchased off MLS for $695,000, 25% down.Approximate remodel & Setup Cost: $200,000Total Cost of project upfront: $373,750 Traditi...
Tim Welker
What's in a name, for a STR?
Our property manager is recommending a glitzy, non-personal name for our Short-Term Rental on the beach. My wife and I would like to incorporate our grandchildren's name into the property name to make it somewhat per...
Jeff Rabinowitz
Solo 401ks are much easier to manage than SD IRAs.
The last couple deals I participated in were funded through my wife's Solo 401k. They were easy to initiate (only needed a mortgage, a note and a trip to the bank to send a wire) and to finalize (received a check via ...
Eric Doud
Capital gains tax
several years ago my parent build a cabin in Montana that they estimate is worth and would sell for 750,000 to 800,000. This is there primary residence, and are married so they would be able to keep the first 500,000 ...
Batool Haider
Vacation rentals in North Carolina [2022]
Are there short-term rental investors in North Carolina on this platform? I would love to hear your insights.I am a newbie investor looking for a large single family properties (5+ bedrooms mostly for family/friends/c...
Account Closed
Unique position. What would you do?
Hello fellow BP members!
I’m looking for some advice and input here. Thanks to all in advance for taking the time to shed some light.
I’m a 26 year old aspiring real estate investor. I recently retired from professi...
John Malone
Are you aware of the new Corporate Transparency Act Coming in 2024 (every LLC)
What's all the Hype with the new law? Well this will apply to your RE LLCs…
A new law was passed back in 2020 which has not been on the radar for most business owners. Let's start with the fact that the U.S. Treasury...
Brian Plesscher
Should we Airbnb, rent to college students, or rent to a family?
We are looking at buying our second home and renting the first. We live extremely close to a college in Colorado Springs. One property manager told us the highest cash flow option for us would be to rent to students b...
Todd Michael
Newbie Crowdfunding Question
First, let me take the opportunity to thank the BP community for the incredible (free) education I am receiving.
I have a question on the payouts from crowdfunding opportunities. How is that income taxed? It may ve...