Reggie Youngblood
Quick Question About Closing
Is it legal for the buyer to pay the assignment fee at the time of the assignment, or does that have to take place at closing? Also, if it is ok for the fee to be payed at the assignment, would I have to go to closing?
Nik Divakaruni
Tax Implications for LLC Sale - Owner Financed
I've got a doozy here. If anyone has a good solution for this, I will be hugely grateful.My wife and I are currently the owner of an LLC with 30 doors across 6 properties. We've been approached by a buyer to purchas...
Lisa Mauritis
Has Anyone Taken a Course by Sandra Edmond on Tax Liens
Hi BP Community,Although there is so much info on the BP website, I was think that taking a course from someone who is actually doing lien investing would be a great idea so that I can move much quicker in investing q...
Forrest Shealy
Multi-family that lacks documentation
I have only done SF in B neighborhoods until now. I am looking at a 10 unit in a C- neighborhood. The price is great. The numbers the current owner is giving me are good enough to leave some margin for error, and ther...
Brian Junkert
endangered property
I have a property in Alaska, that I am behind on taxes on, not yet to the point of tax foreclosure, but no way to pay the taxxes in the forseeable future. My mother is behind on payments buying the adjacent property. ...
Ryan Marker
Separating rental income and expenses
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...
John Carr
First Time House hack, Do I need more help then my HR Block tax person
Hey Team,Quick run down. I live in my PR located in IL, but bought a home in FL with my daughter which she is house hacking. We are renting out 3 rooms atm. Since I make well more then my daughter, the plan was for me...
Brianna H.
Best Return
Howdy!I am looking for advice for the highest ROI over the long term. Here are my statistics:Rental PropertyPurchased: $100kBalance: $76kLoan Terms: 30 year, 4.564% ($389/mo)Renting for $1300/mo with approximately 50%...
Chris Vasquez
50% rule...? PI vs PITI
Rookie question here. 1.When financing a rental property. Do you favor Principal+Interest or PITI included together in your payments when the mortgage is set up.
2. Using PITI. Why wouldn't you figure in the tax and ...
John Brennan
self directed IRA doing self storage
So I'm interested in getting started in purchasing and running self storage facilities and want to learn more. At the same time, I have decent money in my IRA invested in mutual funds. I'm thinking of converting so...