I have the following idea, that I'd like feedback on.
I am looking to do the following:
1.) Form an LLC with a partner
2.) Have the partner put down 20% of the purchase price
3.) I pay all c...
How would you allocate?
Good evening everyone! I wanted to share the details of my latest rental now that its closed and a tenant is in and can make accurate calculations. By the way, why is the BOLD function so glitchy? As soon as I bold on...
We'd like to purchase a live/work property. Two questions 1) What kind of financing is typically available for this kind of property? Some say commercial some say residential. 2) Can we do a 1031 exchange so we can u...
Greeting BP community.I would really appreciate your input and expertise. Quick summary, my wife and I moved from Chicagoland to Indy to improve quality of life and this also means have extra dollars to invest monthly...
I'm halfway through Gary Keller's The One Thing, and I'm fascinated by the different thoughts/ideas Keller shares, including those from the several minds other than his own--from Henry David Thoreau to Jerry Seinfeld....
Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
Does your entire portfolio go into 1 bank account? How do you know how much money is allocated in each property so as to not use up funds you saved up for rental A, to pay for rental B's expenses? How do you keep it a...
Hi fellow investors, I would like to get your advice on how to determine the basis (for both cost basis and depreciation purposes) for a rental property that has appreciated considerably (say from 400k to 500k) from t...
So we bought a rental, 30 yr amortization, monthly payments. Is it worth increasing payments to 2 per month, bi-weekly, making extra principal payments to reduce the mortgage? We've allocated expenses to everything we...