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Warning: Scam artist Michael Melendez
I just wanted to do my due diligence to advise all of a Scammer that claims to work for MVP (Me Vacation Property Management). He will be very diligent and responsive at first, then once he has your money he will dis...
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S Corp - Are we doing this right?
Hi BP Community,Can you provide some guidance on the best way to purchase a rental property given the below scenario? Thanks!4 Partners planning to purchase rental property using conventional financing. Our lender has...
Mike Dawson
Beneficial Owner Information Reports. Company applicant???
I formed an LLC last month and I have 90 days to submit my BOIR. My confusion lies around the term "company applicant". When looking for information on who the company applicant is, I ran across this info directly o...
Curtis Hallenbeck
401k Withdrawal Penalty free upto $100k
Just found out I could take up to $100k withdrawal from my 401k without the 10% early withdrawal fee. Anyone else taking advantage of this opportunity? I see it as a great way to get started on my first BRRRR.
Adam Aschoff
Should I take out 401k to use in real estate?
With now being able to take out money penalty free from a 401k and where the market is currently, would taking the money out now and saving it for investing in real estate be a smarter move long term? Especially with ...
Joseph Skoler
Co-op Mortgage Tax Deduction Limits and Calculation
Could someone please explain the mortgage interest limitations in the case of a NYC Co-Op owner?
For example:
Co-op has 100 units and an outstanding underlying mortgage of $20,000,000 ($200,000 per unit allocated). ...
Paulina Purnama
Townhome without HOA but buying all 4 units (rezoning possible?)
Sorry if this may be a duplicate. I think I posted it in a local category before. Hey guys, I came across a off market bundle of 4 townhomes. These are older 80's builds but in a Class B working class area that is boo...
Bastian Kneuse
Joint vs. Single Mortgage Application
Hello,I was looking through the forums but did not seem to find an answer to my questions. My wife and I are considering buying multiple investment properties in the next 2 years or so and was wondering about the best...
Tyson Marinis
Multi-Business Structure Advise needed, Denver Colorado
Hey Everyone,Long time BP creeper, first time poster... I am a 28 yr old Landscape Designer and just recently bought my own investment home. I have always had a dream to build out a multi-disciplinary firm that operat...
Edward Barnes
tax deductions on rental property
My wife owns a condo about in 2008. I married into this pig (the condo, not my wife) as we filed jointly last year. It loses about $500/mo after everything's said and done. Doing the taxes last year it wouldn't let me...