Norvell Eugene Reed
Is it necessary to obtain an LLC
is it necessary for an LLC,when it comes to purchasing multiple units?
Aaron D.
Best way to purchase first 5 unit property
Hi, I am wondering if someone can help respond to this question.How can I purchase my first 5 unit property without any experience? What if I have one year of experience? Do I need to partner up or just go ahead and a...
Douglas T.
How far back can I claim a deduction for repairs?
For the last 2 or 3 (maybe 4) years, I've had a special assessment tacked onto my monthly HOA for a building repair (boiler replacement I think). I've never claimed tax deductions for this repair. Obviously, I can d...
Nilofer Sickander
MEETING WITH A LENDER SCHEDULED - CREDIT PULL QUERIES
Hi BP, questions abt credit pull, but first some background My husband and I are stuck in a lease until end of year, we cant purchase a house that we intend to "house hack" for maybe another 6 months. That said, i h...
Austin Carr
Apartment to 1st Home
I am 28 and still renting and believe I will need to for another year or so before I can buy a house but I just really want to get connected and start networking somewhere with like-minded people. My credit is 650s 6...
Carrie Jel
Choosing between two qualified tenants
Help pleaseI have 2 tenants that have applied. Both have good jobs and good rental history and good credit. I have been having trouble showing the property due to my current renters hostile attitude. I have been ta...
Belinda R.
Piercing the corporate veil
I just formed an LLC and opened a business checking account. When flipping houses I use my Home Depot credit card to make purchases for supplies, appliances etc and pay off once I sell. My question is since this Home ...
Himanshu Jain
Buyer asking for compensation after closing as basement flooded
Just completed my first flip and sold the house on day one. Now with recent heavy rains the basement got flooded after closing. As per buyer there are signs of flooding before and they claim that I tried to hide that ...
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
Every time we're preparing for a new administration, there's plenty of tax-related noise. The new President is going to do this, do that, yada yada yada.Unfortunately, a lot of financial and tax professionals join thi...
Priyanka K.
Sign Lease Without Meeting Prospective Tenants?
I have two applicants for a SFR. Ironically booth are from Seattle and claim they are moving to Dallas for new jobs. They don't have the offer letters but have provided contacts to verify the new job offer. Their back...