Abdessettar Ibourki
Cozy.co -- Experience and feedback.
Hello All,I watched few YouTube videos about Cozy and how it can make the property management much easier.I wanted to know your experience with it and if you would recommend its use and if there are any downsides on i...
Chad Clinton
Securing Owner Occupied or Long-Term Financing AFTER Foreclosure
Good Day BiggerPockers Family,I could really use your help. During the market downturn of 2007-2008, I was overleveraged and had two rental properties foreclosed on that were used as collateral assignment for a large ...
Gary Bracken
Selling an FHA loan property to my own LLC after 1 year occupancy
Hi Everyone,
I have seen some similar posts relating to the topic, but none seem to fit the purpose of what I am looking for.
Essentially, I am thinking of purchasing a multi-family property under an FHA mortgage,...
John McGuire
Rules for loan types when moving rental home into LLC
When we bought the home, we used a VA loan and then we had to PCS (move in the military). We always intended to move back but didn't due to kids in schools. Long story short, we have been renting it out and have been ...
Account Closed
Buying REO and closing issues
I've won the auction for US Bank's REO. It's my first time buying property in USA. For this case I decided to go through the closing process with my attorney (which was recommended by my friend/real estate agent) and ...
Kyle Collette
Moving from Financials Advisor to Vanguard - Tax question
Question for all the savvy investors with a little tax knowledge as well.I have been looking to make the switch from my current investment portfolio into index funds. I was fortunate enough to start investing at a you...
Tim Chiu
Security Deposit / Last Month Rent did not transfer at closing
Hello,
Does anyone have experience where some transfer funds were missed since it was not captured in the rent roll provided by seller?
The specific situation is that an inherited tenant moved out at the end of thei...
Account Closed
Logistics of 50/50 Partner LLC
Hey BP Community,Disclaimer: I am not searching for tax/legal advice here, just looking for guidance and looking to learn how others have done this.I am looking to buy and hold on a deal by deal basis with a partner (...
Jessie Randolph
How to use my 401k to buy real estate
I Have roughly 80k in a retirement fund from a former employer. I would like to use this money to fund my real estate purchases. I was wondering what is my best option for this? Do I move it to another type of accoun...
Account Closed
Are Principal Payments Subject to Income Tax? Asking for a Friend
What's up everyone! A close friend and I just had a discussion regarding the tax treatment of P&I. Whoever is right gets a bottle of Tito's so, no pressure here! While talking up funding strategies, I mentioned to...