Jeremy Torres
Need New floors opinion
I’m in the process of removing 30+ year old carpet and putting in new floors in our bedrooms. I have a few questions. Vinyl plank or laminate? Which is better and why? Water proof or water resistant? What will la...
John Paul Schreiner
Purchasing property back that was lost in a tax lien
Looking for advice...and I’ll try to keep it short.
My grandfather owns a small mobile home park in Texas. The land itself is divided into 8 lots. One of the lots was supposedly sold to my grandfather, but the t...
Quan Chau
Thoughts about Renting to Parents
Hello BP Community,
Has anyone has any experience with renting to their parents? I bought the property from my parents in 2018 since they didn't want the property under their name anymore and want a lower monthly pay...
Andrew Zannotti
Structuring LLCs and Bank Accounts with a partner
Hello everyone!
I am currently partnering with someone to BRRRR properties in Texas and Oklahoma. We set up an LLC in each state as we are using HM for the initial acquisition and we are currently opening bank accoun...
Jesse Jimenez
LLC mortgage or individual
I'm am trying to find best way to have rental properties . Forming an LLC and using a commercial bank to find them seems to be the most logical and best way. Am I wrong?
Adam Smith
Loan deductionband taxes
Hi,
My understand is that you can only deduct interest from a loan on your taxes and not the whole loan payment.
say I buy a $1,000,000 apartment building that generates 6% ROI( not including loan payments). And s...
John Taso
Mom gifts, I buy, sell to mom, I buy back
Hello!I have found myself in a bit of a situation...I am currently in contract to buy a house. Due to high volume, the appraisal is set to take place a full month from now - on the day our contract period expires. We...
Guy Yiftach
Can anyone recommend an excellent tax adviser?
Hello
I am seeking professional tax advice. Specifically regarding Section 179 depreciation and bonus deductions. Can anyone recommend someone? Ideally it would be someone experienced in these matters, who is willing...
Gary R Uren
Can I make income before retirement?
I'm in my mid 50's and am trying to find a way to supplement retirement. Did I start too late to be able to make an income to help out?
Scott Esmail
Lease holder died and adult kids still there and not paying rent
We have had a long term tenant who we found out just died, she had a lease when she moved in 2015 but now had been going month to month after that first year. They did not pay rent Oct and her daughter who is not on t...