I have an investment property which I'm thinking of selling, its worth approx $900k, I paid $480k, and owe approx $300k. I was thinking of doing a 1031 exchange, but confused whether I need to buy another $900k p...
Hi all,
I have choice of move to Las Vegas or New York or California.
I own two LLC , for tax purposes which is the best state to live? I know califronia will charge a lot fee for owning LLC.
Why about Las Vegas or...
Hi BP,Currently speculating the closing costs on my first property in Oakland CA as they seem a bit high and want to make sure I am not being jipped lol. Below is the break down I got, all feedback is welcome!Credit S...
Hi All,I'm doing taxes for 2016 and we have an owner occupied duplex that we lived in all last year (we bought Aug '15).Now I know people that are responding probably aren't going to be certified accountants blah blah...
I'm about to set up an LLC to purchase my first out of state rental property.
Then I read some forum posts saying that an LLC based in one state & operating rentals in another has to register as a foreign...
Through my time researching, especially nowadays, repeatedly I have come across articles, YouTube videos, books, ebooks, blogs, etc etc on investing in REI with 'little to none' of your own money. Discussions around h...
Hello BP Experts,
I have a quick question.
I want to pull out some equity from my 9 existing rentals. Each of them valued about 250K all paid off and cash flowing. First Carolina Bank of GA offer me a $750k LOC fo...
For budgeting/pro forma purposes:As the buyer what should I expect to pay in closing costs in Columbus/Central, OH? General dollar amountsPercentages of XOtherThanks, Chris
I'm considering two options for my property and would appreciate some advice:
Cash-Out Refinance and Then Sell: Cash-out refinance to access some of the equity, then sell the property to get the remaining equity.Sell...
Hello everyone!I had a seller respond to an ad that needs to sell and needs to sell quick due to being out of a job and I need feedback on the best strategy to exit the property.She owes the following on the property:...