Pete Harper
Time to BRRR Refinance?
I wanted to get some opinions if now is a good time to Refinance a BRRR 4-plex. I purchased a 4-plex for $257,000 all cash September 2019. We put an additional $15,000 into rehab so all in cost $272,000. The units are...
Art Webb
IRA UBIT with Comm Real Estate
If I buy multi family comm real estate via a RE LLC company with my Roth IRA does the rent income become UBIT taxable ? If the property is paid in cash and later a mortgage is secured does it impact the UBIT questio...
Toby Kim
First Property at 25
Investment Info:
Single-family residence buy & hold investment in North Charleston.
Purchase price: $130,000
Cash invested: $4,550
SFH 10 minutes drive from downtown Charleston. Last affordable...
Michinori Kaneko
Self-directed IRA geared towards money lending
Hi BP Community,I have a pretty significant amount of 401k from my prior employers invested in mutual funds, but thinking about moving it into a self-directed IRA and lending out the money from it instead. I wanted t...
Chase Gochnauer
Bought first note
Hey all,Just pulled the trigger on my first note from FCI. I expect the assignment to happen this coming week. After reading everything, I figured the best learning experience is just to DO it. Pardon any of my termin...
Michael Izbotsky
Quit Claim into SMLLC - Need to be Married SMLLC? (Community Property State)
Hi Brain Trust,
My wife and I are purchasing a property in St. Louis, MO where we are both on the loan and title. I was planning to quit claim the property into my LLC after we close on the property. My wife still ne...
Blake Andrus
Tax advisor/Tax prep
I have decided to move on from the family accountant who has little background in real estate. I just purchased 12 units across 4 buildings, which brings my total portfolio to 14 units 5 buildings. I would classify ...
Kantcho Traykov
Owner financing advice/question term length and interest rate.
Hello, I have a question about someone offering owner financing for a property. The numbers I was quoted seemed high and I was wondering if that seems like a normal/good deal. I am new to real estate investing and hav...
Michael Dodson
House Hacking and One percent rule
If you’re house hacking in say a duplex and the mortgage is $1,0000 but the rent collected for one side is $800. Does it still meet the one percent rule because if you moved out and rented your side it’d be $1,600 in ...
YiBing T.
Does transferring title trigger sales and recordation tax?
Hello BPMy parents are retired, have a few rentals that we are trying to do a refinance on, but their debt to income is too high. I am planning to either add my name to the title or transfer the property to myself and...