So I was wondering what sort of reserves everyone keeps on there properties. I know most people are saving a percentage of the rent for vacancies and cap ex. When you do get a property bought and rented are you keepin...
Does anyone know of an umbrella policy that allows 3 unit property to be covered which is held in llc? Is this possible or need to keep in my personal name. Feel free to PM. Looking for referrals. Thank you
Seems to me, reading the instructions for form 990-T, that UBIT only applies to assets held less than a year. In the instructions for Line 4a—Capital Gain Net Income, the IRS says:
Generally, organizations require...
I knew there would be some draw backs with holding my properties in my entity.What has your experience(s) been when establishing/obtaining a Home Equity Line of Credit on your property,which is held in your entity?How...
Hello everyone,I am interested in buying a cash only property using hard money, rehabbing and doing a cash out refi to hold the investment. I understand that you need an LLC to get the hard money loan which isn't a pr...
Hi, I’m just starting out in my real estate investing journey and am looking to buy a single family home to buy and hold as a long-term rental. Do I need to have an LLC set up prior to obtaining a loan or can I have t...
Hello all!I wanted to do more with my real estate investing, and I have a significant amount of equity in a home I bought over 10 years ago. I live in there part time due to work, and rent out the other two rooms. I r...
Hi BPI finally have a system for finding probate deals. There is a website in Massachusetts that allows you to search the probate case files. What I do is the following1) search for all cases open 2) google the decede...
How do you know if IRS tags you as a dealer. Every information out there is only talking about the differences between a dealer and investor. No one is really talking about the actual process. How do you know your cur...
I bought some land and may just happen to flip it for a profit. (sell it less than a year) Will it still be eligible for a 1031 exchange? And if the property I sell is in Oregon and the equity or profit at that point ...