Chris H
Convert personal property to LLC?
I have two rental properties that I feel may be better positioned in an LLC (rather than my personal holdings) - can anyone clarify that with me and also give me a quick low-down on how to move them into the LLC (woul...
Rob LaRovere
Cash Out Refi on Midwest Investment Props (<50K)
Hey BP!I recently purchased a SFR in Indy with the intention of reselling it; however, I like the pocket it's located in so I am considering making it a personal rental instead. 1. Do you know of any companies that wi...
Jason Deck
Buy and hold in an IRA - Pros and Cons
Does anyone have experience holding property from a self-directed IRA? I am trying to get a handle on what is possible, and the pros and cons? For example, can I use IRA funds for a down payment, or must I make an o...
David Andrzejek
Texas Property Tax assessment and projection
I'm an investor from California, looking at a property in Texas... familiar with CA tax but not TX tax. I've done some searching on the web and on BP and not quite getting to my answer so hoping someone knowledgeable...
Liz Ridgway
Passive Losses at Time of Sale
I am reading BP’s Tax Strategies book and I wish I had read it sooner. This should be required reading for anyone who owns RE, even if only a primary residence.My question pertains to passive losses. Due to the income...
Charles David
Dollar amount on Deed is $10
I recently acquired my second property. One of the papers I had to sign at the escrow office was the Statutory Warranty Deed. It states:"THE GRANTORS Joe Jones Jr. and Janet Jane Jones, husband and wife for and in c...
Michael McCloud
Cash Out Retirement 401K Early
Getting right down to it, I am contemplating cashing out my 401k and taking the early cash out penalty, to fund my first step into the BRRRR strategy. I have been self directing 50% of my account for about 3 years and...
Randy Willson
Getting started with short term opportunities in VT, NH & ME
New member here and interested in short term rental opportunities in the northern New England market. I'm currently living in Atlanta, but would like to move back to New England to begin this new venture. I'm lookin...
Ryan Cybulski
Transferring home title between family members
Hello all! I’m new to BP so I hope I’m following the proper protocol in posting my topic. I couldn’t find a forum category specific to it and since I am technically ‘starting out’ I thought this might be a good place ...
Christine N.
question regarding 1031 Exchange
Hi everyone. I bought a rental residential property for about $500k, and I estimate it will sell for about $1 million. The property needs to be repaired in order to be sold. The estimated repair cost will be about ...