Yinan Q.
Buying a property via “LLC assignment”
A deal was presented to me and my partner by a wholesaler. A LLC was created just for this deal and he will assign the LLC to us. We will become 50:50 owner of the LLC that controls the property. He has done this many...
Christopher Reynolds
Is the house worth renting or should I sell?
Good morning,To start, I am new to Bigger Pockets and the forums an would like to say hello to everyone!The subject at hand is the house that I am currently living in. I am looking to move into a different home and a...
Joel Schanbacher
Depreciation Questions in TurboTax
Hi everyone, first time posting here. I could use your help with the following two questions - How do I enter depreciation on my taxes if my property was used as a rental, then my personal residence, then rented out a...
Muhammad Afzal
Would really appreciate feedback on this property
My parents want to move to a bigger house to accommodate our needs in the next year or two as our family is growing. Rather than selling the current house, I have been thinking of alternate ways to make use of this pr...
Ralph E Freeman
Buying Rental with Solo 401K money
I would like to purchase a rental property with the funds that I've already rolled into a self directed retirement account at Solera Bank.
What happens after I've paid for the property using my funds at Solera Bank, ...
Sarah Miller
Selling 2 Duplexes - Capital Gains
Hi!! I am currently selling 2 duplexes in NE Ohio. (BOTH POSTED IN MARKETPLACE) Both are money makers (Net around $500/mo cash flow after PITI and expenses). The only reason I am selling is to pay off student loans. ...
Account Closed
Creative finance, life insurance
I am seeking different ways than typical to raise capitol. I am considering attaining a permanent or whole life insurance policy to borrow against it for the lower than average interest rates and lackadaisical repayme...
Aaron Hunt
Investor Options: Hard money, multi-family, syndicate...
I’ve reached a point in my career where my earned income is flowing a bit easier and more than my family really needs to live comfortably. First world problem fortunately.I’ve hit a crossroads and need to decide what ...
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
Posting for my elderly parents.
Background: my parents bought their house in 2001 for $355K. In 2016 they moved to a one story home due to aging and ended up renting their initial home. Every year the rental has be...
Oren K.
Accounting Question - Eviction losses
For you accounting types;I was going through the 12 month P & L (cash basis) of my property (39 Unit) and found that I did not fully understand the delinquency line. In speaking to the PM company, I was told that ...