Nathan Thornton
LLC vs. Personal Holding
Hello All,New investor and BiggerPockets member here who is just getting started trying to lay the groundwork. I was curious about best practices in regards to where you should "hold" your rental properties? As person...
Nick R.
1031 Exchange from Residential to Commerical
Curious about a particular 1031 caveat as it applies to me...
I sold a single family rental with loan and title in my personal name. I put my gains into a 1031 exchange account. Now I want to purchase a multifamily p...
Jason Kimery
Cash out refinance to pay down mortgage on personal residence
So we owned and lived in a house for 5 years. Last fall we bought a new one and turned the old one into a rental. The rental is worth 160000 and we owe 55000. While doing our taxes we realized that we won't ever surpa...
Ryan Hourigan
Invest in first rental or buy a primary residence first?
Hi BP community,Would you advise I own a primary resident before I get into real estate investing? I would eventually like to get into the LTR space and build a strong real estate portfolio. My family and I are curren...
Vanessa Ivonne Hernandez
Bank Accounts for New Investors
Hi BP Team,
I'm in the process of closing on my first rental and I have questions about setting up bank accounts.
I understand we shouldn't co-mingle personal funds so a separate checking account (operating costs) ...
Mike Schorah
If you’re doing a JV, do you apply for HML separate or together?
If you’re doing a joint venture, do you apply for the hard money loan separate or together? And why?
Nate Castle
Investor loan 4 unit and under.
Can someone please explain how an investor loan works for a 4 unit and under?I know it will be 20-25% down, but how does the loan qualification work? Is it based on my income like owner occupied is, or based on the pr...
Bruce Dykstra
Renters insurance: tenant personal property and liability
Hi All,
I am using the Bigger Pockets lease for MA residents. There is a clause about renter's insurance (#19.B). My question is, do other MA landlords require tenants to get liability coverage in addition to coverag...
Shawn Wainsely
Own a tiny house as a short term rental? Looking for advice
Hi bigger pockets, Im a new investor. Just closed on my first property in a college area and hoping to have it rented out soon. Very excited to start this journey, now I want to explore another idea that Ive always ha...
Tom R.
Is a bad attitude enough to decline an application?
My tenant wants a roommate which is OK with me. She picked out someone and I sent him a request for a background and credit check via Cozy. He asked me to reimburse him the cost of the checks. I told him I wouldn't do...