Steven Davis
LLC, S, or C corp???
I've done some research (rich dad adviser books, google) and have decided to go with an LLC for my situation.Specific situation:Currently own 5 houses, looking to purchase a 20+ unit complex this year. The next 5 year...
Daniel Stanojevic
DSCR vs Bank Statement Loan for Self Employed?
Hi,
I'm self employed, but my business didn't have that much income this past year. I sold a property this year and made a good amount in the stock market, so I have those proceeds available to purchase a primary re...
Jeff RayWayne McWithey
In the beginning
I am a lower middle class guy from Iowa. I stumbled upon real estate investing, and now I am looking to start. My wife is very scared of the idea has anyone else's delt with this and can offer some advice to make it l...
Jay Audi
Rentals Under LLCs?
Hey everyone, I am just starting out in the real estate investment world: I have a primarily residence that I rent out 1 bedroom of and I am looking to purchase a Duplex in soon. The deal I am looking at right now is ...
Joe Splitrock
Surprise! 10 Mortgage Limit Includes a HELOC With Balance
I have been aware of the 10 mortgage limit on conventional financing as we moved towards it. We have 9 currently and one HELOC on our personal residence (no mortgage on residence). I previously understood that the 10 ...
Kim Uhland
New investor relocating to DC
Hello BP,I've been watching the forums for some time now and finally decided it was time to jump in. I've got a masters degree in real estate and have been in development (single family and self storage/industrial) f...
Vincent R.
What do I bring to BP as a newbie?
Hi all. My account has been open for almost a year, but over the last 4 or 5 months, real estate has become my passion/hobby. Frequently fall asleep with one airpod in my ear streaming BP podcast and my phone in one h...
Jon Paul Matzke
Tampa Short Term Rental Questions
My wife and I are looking to purchase our first short term rental and we are drawn to the Tampa area because family is nearby and we frequent the state. It seems like the right fit geography, and the price points are ...
Olivia Pool
Gains exclusion on separately owned residence post-marriage
Hello all! I have read through the IRS documents in this subject and can’t come to a clear consensus. Here’s the situation: I and my spouse got married in our thirties and both owned a residence. We got married Decemb...
Account Closed
LLC vs. Umbrella Policy
Hello, I currently have 5 rental properties that are each mortgaged and in my own name that I'm considering an LLC or umbrella insurance policy for asset protection.
My lender is trying to determine if that would vio...