Lyric Todkill
Family Real Estate Gift
Happy New Year, everyone,
I'm looking for some advice on a family real estate deal. Basically, I am providing them a lump sum to pay off their debts and in return, the taking ownership of their home. The plan is to l...
Dillon McGough
To LLC or not to LLC?
Hi all,I'm currently at the point where I'd like to actively pursue my first investment property, but I'm wrestling with whether or not to set up an LLC. From my understanding, if I'm going to set up an LLC, that's t...
Diana Frasier
Options for second primary res loan within 12 months?
Hi BP Friends,I am hoping to find some guidance for my current issue below:- I did a cash out refinance that closed in August of 2021 on my primary residence. I intend to turn it into a long term rental- I would like ...
Jason Cook
FHA House Hack # 2 Allowed?
Hello, I just purchased my 2nd property at the beginning of this year, and will be an Airbnb. The first home I live in and house hack. This summer I would like to move out of my current home and into another home whil...
Heather Canoles
Help - Voucher tenants in marital dispute
Ugh. This property is cursed. Married couple. Voucher is in husband's name. They had some kind of dispute. Husband went to jail for a few days and now wife has a restraining order against him or something so he isn't ...
Sahil Singla
Which properties are the best for maximum depreciation using cost segregation?
Hi everyone,I am an aspiring real estate investor and I got interested in real estate primarily due to the tax benefits. I want to reduce my w-2 income by running a short term rental and claiming bonus depreciation. I...
Tyler Masar
Typical Expenses for apartment or multi-families
Hi everyone!I just got started with BP and am trying to practice analyzing deals when I find listings. I know these expenses definitely vary depending on specific situations, housing types, location etc, but would any...
Fernando Gigiiotti
Bank Statement HELOC for non U.S. citizen
Guys I read a couple great posts here about HELOC for self employed businesses were there are many write offs to show an income on a tax return. But not my specific situation, hoping some wise minds can help. We are...
Kevin Alvarado
What do investors do when they have multiple properties? Multiple LLCs?
What do investors do when they have multiple properties? For example, 15 different properties for rentals, do they just create 15 different LLCs? For fix and flip, that would be a separate LLC too? Any clarification w...
Alicia Harrington
When should you set up a Living Trust
Hey BP Members,Recently I was discussing my thoughts about real estate investing with a friend of mine and she suggested that I should set up a trust account. I don't even have a property yet so why would I set up a ...