I've heard about LLCs for a little while(Wyoming being the most popular) and the tax and liability benefits that come with it. So I have 2 questions.1) Can a bank initiate an acceleration clause because they find out ...
Please chime in if you have done this.. Short term rental with cost seg study/ accelerated depreciation to offset W2 income. Say you're doing this on a 4 unit that appraised for about a million. And you do a cost s...
Does anyone else do this strategy to meet your goals faster? I’ll be 3 years in next month.If so, please share tips for staying motivated, being efficient, avoiding burnout, etc. I started with 25k student loans (paid...
Guys - I HAVE to stop letting people borrow my books. Currently can't find my BRRR book and am just too zapped to make sense of what the internet is telling me in regard to Cash-Out Refinance.Long story a little less ...
So, I have a few rentals, and some of them are paid off, some still have a note. I have a certain amount of money in the personal budget that is being set aside for our real estate ventures. Here's the question: would...
Purchased my first commercial (Industrial) building and planning to segregate the cost to accelerate depreciation. Considering engaging a 3rd party company with their engineer visiting the place. Any disadvantages wit...
There are few times in our history where there’s been more uncertainty about what things will look like in the short-medium term future. There have been a lot of posts on BP espousing opinions and predictions about w...
I will try to summarize my situation. I sold a property last week and hired the necessary firm to put it into a 1031 exchange. I have a cap gain of about 400k. I have identified a property to purchased that would c...
Hello to all,
This is my first post on Biggerpockets but I have browsed ever since I purchased my first townhome last October. The townhome I purchased has a decent CF and is in an LLC I started. My grandfather who...
I recently bought a property at a higher price because of the very high rent it was getting (based on an existing lease). In four years the current lease will come to an end and the rent will go down most likely by 50...