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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...
Eric B.
Qualified Retirement Plan
Now that I am preparing to "turn up" the metaphor "heat" on my new real estate investing career, I have heard a little of this and little of that about qualified retirement plans (QRPs). Could anyone give me advice o...
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5 Things That Get Landlords in Trouble in Michigan
5 Things That Get Landlords in Trouble in MichiganBuying a house and renting it out sounds simple. Really--it is—but the government, as usual, steps in and mucks things up. The following are five things that the RPO...
Kenneth Linkous
Has Anyone Recently Purchased/Started an AIRBNB in Kissimmee, Florida
If so, were there any resources you found useful with respect to zoning, permitting, licensing in Kissimmee? Including transfering of permitting or licensing from current owner to prospective owner?
Sreenath Vemulapalli
Quit Claim Deeds
Fellow BPers,
I have a company which I'd like for it to hold my real estate properties for purposes of limiting liability. I am purchasing properties personally as I cannot finance them with the company yet....
Navid A.
How to fund a new LLC the "proper way"
Good evening BP,I started a new LLC for my buy and hold properties and I'm trying to figure out how I should "properly" fund it. I opened up new bank accounts under the LLC and want to move funds from my "personal" ac...
Bryan Morgan
Joint Bank Account Required To Send Rental Income
My wife and I have a rental property in Indiana that we have had for 18 years. We recently closed our joint bank account that the property manager sent ach transfers for rental income to. We provided our new bank acco...
Chris Pa
First commercial RE loan
Trying to establish an initial relationship with banks so as to qualify for a commercial RE loan. Can my business partner transfer an X amount in my business checking account for me to “borrow” and eventually give bac...
Tiffany Whitaker
How long does it take Hud to list a foreclosure?
Greetings All,
I am currently looking a home where the deed was recently transferred to HUD (3/12/2020...that's right, the day before the world shut down), but the home hasn't been listed on the HUD homestore site ye...
Kyle Ropelato
Real estate attorney to transfer deed to LLC
Hey BP, I live in Utah and just purchased a home in Florida but I need recommendations on a RE attorney to help transfer the deed to my LLC. Or if there is an easier, better way then I'm all ears. Thanks!