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If I were to get an acceptance letter from the lender for a short sale transaction and I closed on the property and in turn leased the property back to the person who was getting foreclosed on.
The question is, will...
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Hello everyone,Interested to see what are some good ways to increase deductions in order to reduce taxable income. I am already acquiring one more property, but looking to see if anyone has some creative ideas out there.
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So I have an opportunity to market an area that is in rapid change. The lot value is greater than the home values in cases where the land has enough square footage (about half the lots in the area). So I have a price ...
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This is a roommate setting with me living with this potential "tenant."
Month to month lease, 30 days notice either side.
Tenant is a full-time college student who attends classes a few days a week.
No job. Has worke...
Hello fellow BPers.First time caller, long time listener.I am looking to enter the world of real estate investment in a 2-4 unit hack by the end of the calendar year. I have talked with a couple of lenders, and am hea...
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Question:Should you form a LLC with 2 multi-plexes? Say if you have 2 4 unit apartment buildings 1 A Avenue and 2 A Avenue. Should you form 1 LLC or 2 LLC's? Advice? Suggestions? What is the idea behind an LLC? Thanks...
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Hello everyone, I have been studying and listening to podcasts every night while I work but I haven’t ran into any podcast dealing with debt. Personally I have student loans (About 10k), and my question is, should I p...
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Hi, I wanted to get feedback on an idea that I had for a new web app for landlords that I have. I want to see if there would be any demand for it before I start building it. Hopefully this doesn't break the rules as I...
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Hi,I bought my 4-Plex 3 years ago in Sacramento for $229K. I recently got it appraised because I'm looking to do a cash-out refi. The appraisal had it at $310K. About a week ago I got contacted by a person interested...
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I have 2 residential properties but was told by lenders that if I wanted to put them in my LLC that that would be considered a commercial loan and not eligible for 30yr terms at current mortgage rates?
So the...