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Results (10000)
Ashley Wynn BRRRR: Refinancing: Quitclaim Deeding
2 July 2020 | 5 replies

Looking to start BRRRRing, but after speaking with several local lenders in Alabama about refinancing properties held in LLC, it appears that most only provide adjustable loans with 15-20 years terms. These terms in a...

April Conaway Just starting out - question about taxes and depreciation
10 January 2018 | 7 replies

My dad and I are partnering up to buy some rentals. He already owns 2 small SFRs and a 4-unit apartment. We found a bundle of 6 SFR and are currently under contract. We are both contributing 50% of the down payment. W...

Shannon Bae 1031 Tax Deferment possible for Primary?
2 August 2021 | 4 replies

We’ve been told by our real estate agent and by a lender that we can use the 1031 exchange for our primary, however, everything I’ve ever known about the 1031 is that it is ONLY for investment or business purpose, NOT...

Wayne Sluiter Can't figure out how to get to the next step
18 May 2015 | 15 replies

Hello everyone, my name is Wayne, I live in Michigan,  and I am a newbie to BP.com.While a newbie here, I do have some experience in the real estate game.I have two SFR condos rentals that are doing quite well at appr...

Brandon Motuk Refi from LLC to Personal
28 February 2022 | 16 replies

I currently own a property through my LLC that I am looking to refinance.  I just had one lender tell me that if I wanted to "refinance" into my personal name (they don't lend to LLC's) then it would actually be a sal...

Nick G. Advice on abandoned property / pre REO
19 May 2013 | 4 replies

Hi Everyone,

I'm looking to get some advice on a potential deal, here are the details:

There is a house in my old neighborhood, it was owned by an elderly man who has passed away. To my knowledge there is no next o...

Ryan Dossey Wholesale profits = Down payments?
14 October 2014 | 12 replies

Those of you guys that have been at this awhile talk to me.... Is it a bad idea to use wholesale profits to pay for down payments on rental properties. Obviously one would need some cash reserves ICE. But are there an...

Chris Masons Question on Trust Vs LLC
15 December 2011 | 8 replies

Are there any other benefits to putting a property in a trust VS LLC aside from when in a trust there is a beneficiary designated should the trustee pass away so it is clear who the property would go to.

I guess thi...

Paul True Vacant Rental Sold Not held out for rent during sale period
5 April 2022 | 6 replies

So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...

Erin Bryant Using a contractor that is qualified by another contractor
4 July 2016 | 14 replies

i am working on my first rehab in Fl and we have been working with a contractor that has great reviews but we just learned before we signed the contract with him that he is qualified by another contractors license. I ...