Ashley McDonnell
Section 8 Rentals in NC
Hey everyone, I recently was approached by a potential tenant about using section 8 vouchers to cover the rent. I'm not opposed to this strategy however, after looking into NC section 8 state rules/regulations, I have...
Brady Ingledue
Question about getting a second mortgage and short term rentals
Hi BiggerPockets people! I currently own a 2/2 condo that I have rented to a buddy for about a year while I have been renting *shudder* a house. Both of our leases are up in about 6 months and my plan is to buy anot...
Joe Black
LLC and Land Trust question
Hello to all I have a question that I have been trying to find the answer to for about a month now. I know there is someone on this forum that can help.
Here is what I got, I’m setting my real estate investment busin...
Brian Newsome
How do you handle depreciation that occurs in the same tax year as sale of property?
We sold a single-family home in December 2023. It was not a 1031 exchange, so we are now calculating our taxes. I think I have figured out how to calculate depreciation recapture -- with one exception. How do you trea...
Michael Patterson
Operating agreement for LLC, bank requirements question
Hello,
I am a newbie to investment financing and am working with a local bank for an investment loan on our first SFR which is under contract. They are one of 2 local banks that will even touch investment loa...
Steve Shaffer
CARES Act 401K to Self Directed IRA Hack
Hello all! I am a multifamily investor in Fargo, ND and was looking at some of the CARES act provisions regarding the 401k withdrawal (not loan). I was reviewing the docs from my custodian and that led me to the act...
Craig Lilley
what is the best approach to setting up a self directed IRA
I am wanting to set up a self directed IRA, not sure the best or safest way to go about it. using companies found on the web seems sketchy? any suggestions?
Dylan B.
Supplying appliances in rentals
Hello fellow BP members. A colleague and I were having a discussion today about supplying the appliances in rental properties and would like to get your opinion on the matter. My current situation, is that I am closi...
Prakash B.
Protect your assets from LLC
Hello BP Folks,For those who have an LLC registered for your real estate, how do you guys make sure that your assets are protected. As far as i understand, just having a property under an LLC does not protect your ass...
Don Konipol
Learning from historical accounts
I have grown tired of reading "how to" books. I find that I am able to learn more by reading books that provide an historical account of a specific situation. One that I just read that I recommend is "Empire" by Mit...