Doyle Brewer
Mortgage loan from mom - 1099-INT?
Does the lender or the debtor initiate the 1099-INT in a family situation like this?
Thomas O'Donnell
Should I set up a Checking/Savings Account for my rental?
I have been thinking about setting up a new account specific for my duplex. A checking account for rental income/paying the mortgage, and then a savings account to cover any maintenance or repairs. Does anyone have an...
Nathan Farkash
Purchasing Property out of state - LLC Question
Hi, I am based in MA but about to buy rental property in NY. If I were to form LLC to purchase this property, should I be filing in NY or MA? I will not be conducting any business in MA just collecting checks as I wil...
Chris Oswald
Solo401k creation timeline
I have looked into the self directed IRA and solo 401k and feel the later is a great option for me (yes I am self employed). I am curious about the timeline to have funds from previous employer retirement plans and a...
Joshua D.
How much weight do you put on SmartMove check?
Hey guys,
We have had some tenant apps that smart move suggested we decline, and a few that said lightly approve.
They seemed like decent people, but my question is.....
If SmartMove says decline, do you ALWAYS dec...
Eric Chase
Leveraged property vs. private lending in Roth SD-IRAs
BP Team,I'm looking for perspective/thoughts from those of you who conduct private lending from your SD-IRAs and those of you who hold leveraged property therein. Ideally, I’d love to hear from someone who has done bo...
Shawn C.
Self Directed 401k for Apartment Complex
I am a real estate broker. I want to buy an apartment complex with an old 401k by converting it to a self directed and leveraging debt. I understand I cannot draw on the fund and the gains have to be reinvested. ...
Marc Shin
STR bonus depreciation when purchasing with an LLC?
I work a W2 job and pay a lot of taxes. If I purchase an investment property with an LLC can I still take advantage of the STR bonus depreciation? or do I need to purchase in my personal name in order to take advant...
Steve Mitrano
Flagstar Bank & LLC Transfer
Anyone have any experience with transferring a Flagstar Bank mortgage into an LLC? I've had people tell me not to worry about it and to just do it, and I've had other people say the bank will call the loan due. My law...
Cody Caswell
FHA Loan for Primary House - Full Time Real Estate Investor
Is it true you can use taxes, depreciation, insurance, and mortgage interest for qualifying income when applying for an FHA loan on a primary residence? Backstory - we have an apartment complex that had a $339k loss o...