Rickie Mincy
Bank Account Suggestions
Hi BP!I will be closing on my first rental property next week and Im looking for suggestions on how to manage the bank accounts. Based on my research, Im going to open a checking account for rental income and savings ...
Chad Clanton
Flipping a home after living there for one year...legal/tax questions
Hello again everyone, and thanks in advance for putting up with all the newb questions! My wife and I moved into a 2007-built home in a newish (post-2000) subdivision about this time last year with the intent of stayi...
Steve Francis
HELOC as down payment
Hello all,I've been looking for my first rental property for almost a year now and have found one that looks to cash flow about $400 a month. I don't have the capital for the 25% down payment but have a 50k HELOC on m...
Jason P.
Returning a deposit question after murder
So I have a duplex and a tenant had 4 friends over and one of the younger ones was playing with a gun and shot his friend in the head and killed him (all early 20’s) unfortunately. The tenant is moving out because o...
N/A N/A
Is this a capital gain?
I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
...
Jeremiah M.
has anyone here wholesaled in St Louis or southern Illinois
For months now I have been reading on how I will start and wholesaling seems to be the most logical steps. I will be ready to Start within a month or two as I've been reading books blogs and vlogs here. But none seems...
Bill Caraker
Is Philadelphia more landlord or tenant friendly?
I often hear on the podcast about how certain states or cities have laws that lean in the favor of either the landlord or the tenant as far as protection and liability. Where does Pennsylvania and more specifically Ph...
Joey Harris
Long Term Strategy for Real Estate Professional
Hi. My wife and I are in escrow on a duplex in our city. We are both 30 and currently we both work full-time W2 jobs. I am considered a high earner and in the top tax bracket currently. Our plan is to move her to part...
Owen Thornton
What makes making an LLC such an attractive option
When you are choosing to keep rental properties to yourself, or creating an LLC, what do you do? Can you still have a rental property business “ while not officially having a title such as an LLC
Ryan Sanders
Would this be business expense or personal??
I currently own my home and I intend to do some light rehab and upgrade then move out and rent out the house. I have only recently formed my LLC and I want to be sure I keep my business finances separate from my perso...