Talford Thompson
Private Loan vs. Gift
My parents are willing to help me finance my first investment. However, they don't want to incur any additional taxes and thus could only offer $14k/each this year under the Gift Tax exemption rules.
My question is:...
Matt Wallington
Best financing/funding strategies
I currently have one investment property that I closed on 6 months ago. I have a tenant in the house and she pays like clockwork and it’s cashflowing nicely.Im really wanting to expand my portfolio in 2019 and it seem...
Joseph Benedict
Leverage
I am looking for some opinions. I have 9 SFH properties, each paid for. I have found another rental house that I would like to purchase and have an unused equity line on one of the other rental properties that will ...
Keith Myers
Is my insurance sufficient?
I am purchasing a 12 unit building in about a week and wanted to make sure I am making a good choice with my insurance policy. Coverage seems adequate with this policy but I am struggling to fully understand all the ...
Jason A.
Homeowners Insurance on a House Hack
Hello everyone,I am well into escrow with a 4plex house hack (primary residence) that I am doing. I got two quotes for homeowners insurance. One quote is nearly double the amount than the other quote. I asked the brok...
George P.
SDIRA readings - please suggest
Please suggest the reading (book or articles) on SD LLC IRA so that I can comprehend the topic completely. I understand the basic idea but miss a lot of information
thanks
Kenneth Hynes
Tax implications of new roof claim / settlement
BP Community I am researching how to handle my situation on my taxes. Background last year had some hail damage to one of my rental properties. PM looked at, called in estimator and said needed to repair / replace...
Chris Gilbert
Tax deductions under the de minimis rule
We replaced the deck on our rental house in 2016, but to make a long story short, we made a number of individual payments for various parts of the deck. We made payments for various materials, labor for different par...
Dan Overland
Self Directed IRA Creation -- Creating the IRA and the LLC on my own
I am in the process of creating a Self Directed IRA using one of the existing and more prolific Custodians out there. In the same process, I am creating the LLC that will be owned by the IRA.
The one piece that noo...
Connor Deneen
Assignable Mortgages and creative financing
Hi everyone, I am trying to learn a little more about assumable mortgages. I have a potential deal where the seller owes 100k on the property and their mortgage is assumable. All other factors taken into consideration...