Kevin L.
Would you rent to this guy?
Hi BP community,
I'm trying to rent out an in-law unit in my house. I currently have a tenant who has a stable job with great income in his early 30s. But his credit history is messy (8 collections and 1 eviction). W...
Mauricio A.
Mechanical Lien Query
Hello all,
I have an investor friend who is retired and I was helping him to obtain a roof contractor to fix a leak in one of his properties. We contacted one roofer who came out and gave a written estimate for th...
Drew Whitson
Owning a vehicle in my LLC: Tax Questions!
My wife and I have an LLC which holds a small portfolio of single family homes. I am considering purchasing a vehicle to be titled in the LLC. My thinking is that the deprecation + gas + insurance + maintenance i...
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. ...