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Hello everyone. First post here and I need some help. I've got a townhome that my wife and I have lived in for 6 years. We're looking to move up and might like to keep it as a rental. We love it. Originally bought for...
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I have a new LLC. My prospective accountant has suggested that I declare it as an S-Corp. Would the income automatically pass through in an S-corp, to the members of the LLC? Is this good or bad, pros and cons? What a...
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Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...
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Hi guys! I need help!! This is longwinded, but here it goes... I am trying to get my funds up to invest in our first real estate deal and am having a tough time making a decision on whether to do a Heloc or cash Refi....
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Happy new year to everyone! Would like some feedback and perspective on using a 401K loan for real estate investing purposes. Thoughts?
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View report*This link comes directly from our calculators, based on information input by the member who posted.Can someone familiar with the Grand Rapids MIchigan market tell me if the numbers that I ...
Hey guys,
Little info about myself. I live in Manhattan with very cheap rent surprisingly. I work on television with a union on a long running series that consistently earns me gross 150-190K per yr (union overtime e...
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Hi, here is my dilemma. i have a paid off property that i've been "renting" to a family member since 2014. file a schedule e every year and take depreciation but thinking that may be wrong. since the property is pa...
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Currently contemplating resale or 1031 for a SFH. I bought the property as an investment to rehab and resale, given my kids were still in a private school. Since purchasing the property, we have concluded we will b...
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Hi Bigger pockets team, Here is my current situation. I am currently assuming a loan that has a 2.6% interest rate locked into the life of the loan and I am getting it $70k under market value. I am assuming $135k and ...