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Hello all. Hope I can learn some good information on here.
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Hi all,
I have a rental that used to be our primary residence. We moved out 3yr 2 months ago. So we have missed the 2 of the last five part of the rule. Is there a sliding scale for capital gains taxes for the next t...
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Hello Fellow Investors!
I would really appreciate your advice on this matter.
Background Information
I own a condo in Santa Monica, CA that I am currently renting-out. I'd like to sell the condo in 2 or 3 years (af...
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I have a number of commercial loans for my rental properties. Since the loans are based on the investment and not so much on me personally what is the formula of the amount I can personally guarantee. It is a percen...
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Hi everyone!I run into this issue every time a buy another property! The banks need updated finacial statements and I have no good way to track this. In the past, I have just filled out the banks financial statement f...
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Happy Friday! Cheers!So my wife and I are both teachers in NY. We grossed $251,000 last year on our w2s and we file jointly. We purchased 2 rentals properties (2 duplexes) last year and with the work/renovations ...
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Hey BP, I'm not sure if this question has been posted before. But I'm in the midst of reading @Scott Trench's book "Set For Life" (awesome book btw). I'm at the part where he talks about "good debt" and "bad debt" and...
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I was wondering if I should put my personal residence in a land trust, any info on the pros and cons would be appreciated
Hey guys and girls, My grandpa and I recently bought our first rental with Basically with cash ( he carried a small note something like 20k). We create an LLC to run the rental and control the finances and such, the L...
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BP Community, I have an LLC and liability insurance on all 5 properties with the goal to purchase more. I also have a personal umbrella policy. Do you think a Commercial umbrella policy is required vs a personal u...