Austin Bull
House hacking expenses
Hi all,I'm learning how to analyze deals using the BP calculators. I think I am messing up the expenses portion of the calculator.In the context of house hacking, when it comes to small multi-family housing, or even a...
Eric Nelson
Personal HELOC for LLC rental - change to LLC?
Hello, I've found a triplex in Bemidji that's going to work out for mw, but I don't know how the taxes and payments work when using a personal heloc for down payment on an LLC property.Is there a way to transfer the h...
Sam Collins
Creative Financing For Spouse
Good Morning BP, I want to run a current idea by all of you. I am wanting to find a way to provide my wife a “W2” style of income. The reason I am wanting this is because I want her to have the financial history behin...
Joseph Hammel
Help! I have too much money!
Did that get your attention? HAHA. So I'm doing a 1031. A few of them actually. I have sold the "selling property" and have closed on one of the replacement properties. I have 3 total replacements On the first I incre...
Yongyi Xu
Detroit Single Family Homes
Hi,
I have a few properties at Detroit, MI. One was told to have a bad foundation which made the living condition unlivable. The other was a slumlord/drug zone area so no one wanted to rent the property. The...
Pollo Diaz
Pulling out Equity From Grandparents Home To start investing, Best way to do this??
Long time podcast listener. Been trying to break into real estate investing. Here is the scenario that I need some advice on. My grandparents have a property in Perris Ca. They owe about $25k on the mortgage. The...
Joseph Henry
Thinking about 2nd primary home but current market does not make sense.
Current home valued at ~850k with 50k left on mortgage. Wife and I are interested in buying a newer home (current home is 25 years old). Wife also thinks the current home is smaller with less closet/storage space and ...
Owen Dashner
Where are the most ridiculously high RE taxes?
I am in the process of looking for some smaller multi-family properties (4 to 12 plex) to buy. In one of my "farm" areas in Iowa, anything over 3 units is typically taxed as commercial. Here are 2 examples of the c...
Bily Elliott
401K loan
I plan on calling my 401K company first thing Monday morning, but I was wondering if anyone on here had any experience with 401K loans? There is a property for sale in my neighborhood, 3 bed, 2 bath, 1000 sq ft fo...
Joe Au
Good Debt vs Bad Debt
Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...