Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
Doug McLeod
Made a Noob mistake on purchase #8 - saved by wholesaler with high integrity who values our relationship and my business
I recently closed on my 8th SFR purchase in 18 months. It's the 4th one I've bought from one particular wholesaler. A day or two before closing, I get a call from the wholesaler's sales person advising that the curr...
Robert Sprague
Llc vs umbrella policy
Hello just looking for advice on purchasing my first Sfh rental investment property with regards to setting up an LLC or getting an umbrella policy and making sure the property is maintained. Seems llc triggers a comm...
Floris V.
Midterm contract with construction company
Hi! I have a midterm rental in Temple and a construction company wants to rent it for several months. I’d be contracting with the company and listing the occupants in the contract. Anything important I should include ...
Leonardo Morantes Gomez
Keeping current primary home as rental property
I bought a new house in Durham for me and it will be ready in October. I’ve lived in my current home (Raleigh) since 2018 and I’m hoping to keep it, but have several questions. My mortgage is $1400 and the house shoul...
Wesley Appleget
Collecting rent through LLC while claiming depreciation personall
Hi Everyone, I just bought my primary residence and am planning on renting it out. I am the sole proprietor of my LLC and would like to be able to collect rent money through my LLC so that it is profitable and I can u...
Niles Emerick
Primary Residence to BRRR conversion
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $350,000
Cash invested: $35,000
Bought as primary residence, converted a den to a 4th conforming bedroom, cosmetic ...
Mark K.
Michigan Investment Property LLC and the California FTB
Good day to you all. I recently have entered the world of rental property investing. My brother who resides in Michigan began a few years ago and now owns 6 rental properties. I am hoping to follow suit; however, m...
Elise Wharton
Private loan for primary
Hey guys! Does it make sense to look for a private lender if you want a home that needs a full rehab as your primary residence and the post says cash or private only? After rehab, if it appraised well, I would refinan...
Derrick Harper
Conventional Loan
Does every conventional mortagage loan requires a 20% down payment? If not, what are some options around it?