Nicholas Morgan
First Property - LLC for Property Management?
Hi everyone, I am closing on my first rental property in 3 weeks. I am purchasing it with a standard bank loan in my own name. There is an existing tenant who's been there for 8 years. Buying the property from a frien...
Chris K.
Tax Advantage for using HELOC on Investment property
So, I scoured the forms, and I couldn't find anything on this. I would appreciate any thoughts you guys could share.
My thesis is: for certain individuals interested in buy and hold, it could make more financial ...
Jonas Beiler
Shaky floor
I was in a house yesterday that had very unstable floors in two second story bedrooms. Sort of like a trampoline effect when you jumped on them (maybe not quite that bad but it was bad enough that you could easily see...
Charlie Cameron
Hard Money Rehab Lender in Niceville FL
Good morning!My wife and I are active duty Air Force and we are being reassigned to Eglin AFB in May 2019. We are considering buying a foreclosure/ROE/wholesale property to live in. We'd like to get the big items kn...
Jeff Bridges
Trying to sell vacant rental property- suggestions?
Hoping for some guidance on trying to sell vacant rental property in blue-collar neighborhood that is listed on MLS with some turn-offs to buyers. This was originally advertised as a rental this winter/spring but got ...
Sebastian Hauer
Transfer deed from personal to LLC correctly?
Hello Biggerpocket community, I'm an investor from Charleston, SC.What is the "right way" to transfer the deed of an investment property acquired in your personal name into your LLC's in SC?Is it as simple as a quitcl...
Kevin Huang
Water Backup Insurance for Pilsen area?
About to close on my first property and need to decide on how much insurance to purchase. The main piece I'm having trouble with is deciding how much water backup insurance to purchase, if any. I don't have any expe...
Gabe Medina
Cash out refi for paid off property
Looking in advice where to look for a cash out refi (~$150k) on a paid off property, which generates good cash flow (~$3,800 net) . It has some deferred maintenance I need to address (roof, windows, etc) before decidi...
CJ M.
How much cash reserve is too much?
Hello BP,Curious about something. Most of us have heard about the 50% rule, or saving a % of gross rents for things like repairs, capex, PM, vacancies, etc. At what point do you determine you have enough cash saved up...
Nicholas Kitchen
100% Write Off First Year
Here is a scenario I would like some Intel on from somebody more educated on the topic than myself.W2 Employee in the 35% tax bracket, purchased an apartment complex in 2019 for $2.5mm under and LLC. You value add the...