Hello BP,I am putting in bold the "gist"I am in the process or preparing my house to be sold so I can move into something a bit smaller (i.e. investor friendly) and buy 2 more properties this year...I'll elaborate:I u...
Hi Everyone, thank you for your time, I am a newbie so please be nice! :)
I have following Assets:
Rental property - Purchase price 120K (Current Value 200K) - fully paid - bringing $1450 a month
Primary Residence ...
Hi all. We have a 46 unit complex that is ready for a reposition. The location is superior and the density will probably allow us to end up with 64 doors when we are done with the project. Our MSA is in serious need o...
Has anyone ever sold their primary residence to their LLC and then rented their home back from their LLC? I was thinking this could have some fantastic tax savings by expensing home maintenance/utilities/insurance, e...
I'm sure other investors run into this problem as well...I was going to create an LLC a couple months ago until I found 99% of banks wont lend to LLC, great. So I purchased my 2nd rental under my name again. And even ...
Hello,I've lived in a home for 20 years (it's a 50 year old, 1200 sq ft modular home that has very dated decor, drop ceiling, and in fair condition) and it's currently listed for sale. It's paid off. I have an offer f...
Good Morning BP family,I found myself entangled in loopholes this morning as I finished drafting my most recent Real Estate 5 year plan. I recently received some advice about forming my strategy as a beginning Investo...
Hi All!New to real estate investing and recently completed my first buy & hold in Denver, CO where I'm located. It's off to a great start so myself and a buddy of mine are looking to acquire a property in Jackson...
I sold an investment property in 2015. Maine withheld a 2.5% non-resident tax at closing. Can this expense be deducted / added to the cost basis?
Does anyone know of lender that can do HELOC’s for rental properties. I’ve got strong equity positions with a few different rentals and would like to have access to additional cash, but every lender I’ve spoken with s...