Shiloh Lundahl
How I Gave Myself a $24,000 Raise Through House Hacking
I recently purchased a house in Burbank, California. It was a long process finding a house that made investment sense in a location with such high demand and such high prices (average cost is $750k for a 1400-1500 sq...
Varinder Kumar
Umbrella insurance or LLC for rental
I'm trying to be extra cautious incase something happens at my rental in which I would need more coverage. My friend put his rental in a LLC and he states it will cover him if there is a lawsuit etc. My realtor was r...
Account Closed
Umbrella Insurance
Finally found a company ( Nautilus Insurance) that will write me a stand alone umbrella for 1 mil with having about 20 properties. Still debating because the price of 732.00 was a little higher than expected.And still...
Rob Z.
Pay off car loan or pay off first rental??
Hey everyone, looking for some input. I have a car loan for 45k at 1.9% I also have my rental property note that is 46k at 5.2% I am in a position to pay off one, which would you pay off ?Side note, I'd love to get in...
Andrew Angell
Questions around Passive vs. Active classification of activities in my LLC.
I leverage my Life Insurance cash value in a couple of different ways with an LLC, and I have some questions about active vs. passive classification on the deals I'm doing.
I take a policy loan personally, and then I...
Jacob Lopez
1st Time Investor - House Hack Multi-Family Unit - Worth it to buy ASAP?
Hello BP Community!I have recently located an ideal MFP in the Chicago suburbs (Bellwood) that I would like to invest in. The property overall is in nice shape with some work needing to be done on replacing carpets, s...
John Underwood
STR replacement cost insurance with increased building costs
I just received my Foremost insurance policy for our STR Lake house.We have replacement cost insurance, but the amount seems low in today's costs to rebuild. Our Lake lot is a good chunk of the value but still I wonde...
Elaine Hester
Yikes—entity fees potentially killing my cash flow, help!
Yep—another newbie here, wondering what I'm missing ... I have only recently learned that owning my properties free and clear puts me in a more vulnerable position for liability and know now that I need legal asset pr...
Lawrence L.
House hacking my CPA says don't claim rental income
I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...
Elena Koyun
Negotiating price down after inspection
Hello,We are buying our first duplex. After the inspection about to ask for a price reduction. Since this is our first time I was wondering on opinions of others on how much to ask and how to include the cost of labor...