So what I want to do is protect my house with an LLC while living in it. I own the house outright.  Is this a good idea?  Can it be done?    I will also be buying another property soon as well and would like ito to be...

Good afternoon,Can someone point me to good information about vacation/2nd home loans?  For example, if I purchase a property this way, what requirements do I have to meet/follow (use it so many days a year, etc)?  I ...

Hi there BP Community! My name is Emeric and I'm 30 years old, living in rural Connecticut. I discovered Bigger Pockets through listening to a couple of podcast episodes and now am starting to browse the forums to get...

The PM company I use in Indianapolis employs a team of repairmen and handymen, and also will act as General Contractor when specialists are needed.I'd love to hear back: is this common?, and what investors think about...

Hey guys I'm a newbie land I have a (probably dumb) question about mobile home rents and lot rents. I was looking at a park earlier today (just practicing making offers!) and I noticed they had some junky trailers and...

Hi All,First time poster here, would appreciate any input you may have on this topic. I’m planning to relocate in the coming months from the Northeast U.S to Austin, Texas for work. I have not been a homeowner before,...

Hi BP community! So I've been researching REI for years and have been itching to get involved but I am still at the beginning of my investing journey. I bought my first home in Chicago in 2019 using an FHA loan, but i...

Hello BiggerPockets,I have  recently purchased a single family residence in Southeast Michigan. I am planning on making the home my primary residence, and renting out two rooms. My question is what tax considerations ...

I have a condo that appraised at $130k.I have a loan for 85k.My equity 45k.Can I get any cashout on small equity minus the closing costs?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $182,000

Contributors:
Tom Sharkey

Bought this home in a trendy area of Kansas City off of the MLS with...