Hi, this post is relevant to Canadian residents who are investing in US rental properties. With regards to setting up a company structure for these properties that will avoid double taxation on rental income in US and...
I had asked this before, but did not have the supporting links, so I am asking again with reference. My father in Law would like to burrow money so he can buy a new house. I would provide a bridge loan secured by the ...
Hi, I own multi families in CA and TX. I’m contemplating setting up an LLC in either CA or TX (series LLC). Is there any reason for RE investor to set up an LLC in CA considering the cost and stronger protection in ...
Hey Flippers & Holders/Newbies & Vets,
What is the best legal entity for flipping and holding (for financial and tax considerations)? Is a different entity best for flipping vs holding. In the spirit of "ju...
If I invest in a property out of state and I want to create an LLC, should I create the LLC in the state that the property is in? If so, who do I put down as my registered agent? Do I have to go out and hire a registe...
Hi all, I’m currently in contract for a 2-family in Jersey City (newly renovated in B/C area). There are no washer/dryer in either unit, and the closest laundromat is 0.5 miles away. I’m considering installing a set o...
Hi BP Community,
I’m looking to refine my real estate investment strategy and want to make sure I’m on the right track.
Here are a few areas I’m focusing on:
Property Selection: How do you choose the right type of ...
We have about $170k in “bad” debt and our DTR is almost 50%. We are about to get $150k in cash from a business sale. Should we pay off debt or invest? I’m thinking pay off enough debt to get us to 30% DTR then invest ...
Hi all,I purchased my first property a little over a year ago. I've been living in it, and plan to purchase my next property soon to continue with house hacking. Once I find my next place, I'd like to put my current p...
My current market appears that I am best suited to purchase a 4+ BR SFH and rent out the other rooms for my first deal. I'm curious if using this strategy how the numbers would differ from house hacking a multi unit ...