Roy Gutierrez
Detroit bans Airbnb unexpectedly
This comes as a big surprise, of any city in Michigan where I thought Airbnb was there to stay, Detroit was it! I still think this could very well change. Any Detroit hosts care to comment? https://www.freep.com/story...
Jon Mccarthy
Not sure
Not sure if this is the right place for this but I am looking to get some insight or help on this. Please tell me if this is smart or not.I want to pull out a HELO loan and pay off our bills so I can consolidate every...
Aaron Rowzee
Joint Venture Flip Questions
Good morning, BP.I've got a first time situation concerning a flip house I have under contract. My plan was originally to use hard money to purchase and flip the home, however, one of the investors in my local group h...
Bob B.
What will the next housing downturn look like?
The entire country has just spent the past decade enjoying one of the longest bull markets of our time.
Financing has been readily available, there have been an abundance of Buyers available for just about any asset ...
Anthony Wienke
Using contractors for every step of rehab on long term properties
Is it feasible or even smart to use contractors for every step of the rehab on a long term investment property? I know several people would agree that doing some of the work myself would be smart but I just don't live...
Sabrina Sargent
Protecting my assets
Do I need to get an LLC and/or separate business accounts for my finances when doing a rental business in order to protect my assets against potential lawsuits?
Winston Yang
Would I qualify for a loan?
Greetings to the big pocket community.I am a US citizen with 800 credit score, 3 rental properties that are generating income. They were cash purchases, free and clear. However, rents are my only income in the United...
Alex Potec
Does an LLC really help?
First a quote:
If you have a corporation for `insurance purposes', i.e. so that you can't be sued, forget it. The courts find it very easy to go after the major shareholder of a corporation where that shareholder is t...
Karac Davis
Llc structure and taxes
If every rental I have is it’s own llc what it the best way to structure things for taxes with losses? I know I can write off improvements and mortgage interest and landlord insurance. Does it many any sense to create...
Elizabeth Zelaya
LLC? Please help!
Hi! I'm just starting out and recognize the importance of an LLC. Should I pay a tax professional to help me setup my first LLC, should I just do it myself (the form seems easy enough), or should I pay for online serv...