Hi BP,
I am planning to partner up with a friend and purchasing properties under a co-managed LLC but have no knowledge if there are any tax issues or is it just the same as for the LLC my wife and I share and have 1...
This is strange, but we have some funny rules about AirBnB and living on the property, etc. We sold a townhome. We are looking for our replacement property for a 1031 exchange. If we have 300K to roll into a new prope...
Hey guys,I would like any of you who have worked in joint ventures in the past to please consider sharing your experience and tips/advices regarding the joint venture I am considering in establishing for flipping/reha...
When you sell a property seller financing via interest only loan. Do you still have to pay taxes on installment sale being that you are not getting any of you principle back yet? Assume pay taxes on deposit portion?
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Hey Guys, needed a little help analyzing a deal. Property Price $99,000Rental Income - $900Insurance - $35 Prop MGMT $72Taxes - $34Mortgage - $429Vacancy / Cap EX - $75Down Payment $19,998Closing $3000Total Investment...
Hi BP!As a solo person buying rental properties (and not a big real estate corporation), I'm wondering how much cash reserve do you typically do for each property??I like to have cushion in life, and for own living ex...
Howdy folks! I'm closing on my first ever property (praise God!) and got a couple of questions.1. Any recommendations for real estate savvy tax advisors in Dallas, TX? Looking for somebody who is going to ask me quest...
Here's my scenario:I financed 4 properties with 1 loan to take advantage of some better pricing. One of the properties was co-owned by me and my sister, the other 3 properties I owned solely in my own LLC.Is there a w...
Hi everyone, I've been listening to the Bigger Pockets podcast for a while and have always wondered what multifamily investors/owners thought about RUBS (ratio utility billing). Anyone have any RUBS or utility billing...