Arthur C.
Deduct HELOC Interests?
Question for you all in this community, can you deduct interest paid out of HELOC, which the funds were used to buy a rental property? It is my understanding under the new law, HELOC interests are not deductible for a...
Alex Long
Structuring a 50/50 partnership w/ my parents
Hello BP community, new investor here, I recently found a rental property that produces a great CoC return. Turnkey Duplex already producing cash flow at current rents. After running the numbers by my parents, they ho...
Mark Fulop
How to Start a Business in the U.S. as a Foreign National?
Starting a business in the U.S. as a Foreign National can be challenging but I can walk you through the process. Currently, I have a Canadian client who wants to buy a hotel in the USA. Normally if a client already...
Edward Acker
LLC vs Umbrella
Novice investor, trying to keep costs down but do not wanna lose my shirt. I own my personal residence plus two rentals and in contract to buy a third. The other two rentals were originally purchased in my name becaus...
David S.
Loan Stratgey with New Tax Plan
I will be purchasing my first SF rental property. My primary home is debt free, I have no loans whatsoever, have a good net worth. I plan to take out a mortgage because I don't want to sell any equities and mortgage...
Richard Chang
Advice on Rental Lease Provisions for quick eviction ?
Hi all,
I'm considering a new tenant for a 1 year lease who has some "unpaid bills" and accordingly a poor credit score.
I am requesting a significant extra deposit ( almost 2 months ) in additional to standard 1st a...
Margaret Lyon
First Time Tax Lien
Hey there everyone! I’m looking into purchasing my first tax lien/certificate in the state of Florida and was wondering if anyone could provide guidance on how any profits would be taxed… im assuming this would be con...
Mary Jay
How do rich pay zero taxes legally?
Hi guys,So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.The same LLC went and bought a rental house for 100K...
Jeff S.
Converting traditional to a Roth
If you convert a rollover IRA to a Roth before April 15 which tax year is affected? Do you have a choice? Would like to be done with taxes to do tax planning and eventually move traditional into Roth on low income years.
Ryan Proffit
Private lending agreement and tax implications
Hello team,My partner and I are currently trying to purchase a value add 8 plex. Our banker will let us do 80/20. We are currently at 15%. I recently found a family member willing to loan us the other 5%. I was thinki...