James R.
Beneficial Ownership Information Report for U.S. Government
I originally set up my RE LLC through ZenBusiness. ZenBusiness adds reporting requirements every year. I received the following email below from them. The rule went into effect January 1, 2024.
Have any of your al...
Ryan Daulton
Residential versus commercial
What is the exact criteria for residential versus commercial properties. My understanding is that residential is anywhere from 1 to 4 units. But what if some units have more than one room in them and I rent out each r...
Anthony Maffesoli
Help! Understanding of Co-ownership payment allocation
Hey BP community!
First post here. I currently co-own 2 different properties. One is my primary which I live in with my girlfriend - I'll call this property A. The other I co-own with a good friend - I'll call this p...
David Evans
STRATEGIES TO INCREASE CASHFLOW WHEN INVESTING IN MULTIFAMILY
While demand to buy apartment buildings has increased in spite of being in a COVID environment, inventory has not, which means prices have not fallen as many investors may have hoped. Despite this, there are still str...
Jaime Botello
LLC
hello,I currently have two rental properties and I would like to set up an LLC to which I can transfer both properties via a quit claim deed. I have heard that in some cases the bank asks for the loan balance to be du...
Gav Chen
Setting up LLC for remodelling business in California
Hello all,I recently bought a residential property and now am in the process of looking into setting up a company structure to protect my interest and assets. I live in California state. I'm thinking to do some remode...
Chris S.
Owner Occupied + Investor?
Hi all,Long time lurker and first time poster. I have a finance scenario and am trying to figure out the best way to go about it.My Question: I have a family member that's in need of housing and I'm in search of an in...
John Dunn
Refinance v. 1031exchange and RE Investment Group in San Diego
Greetings all, I have three properties that I refinanced back in August of 2012 so have pretty decent interest rates 3.8-4%. I have a condo in Boulder, CO with about $300K in equity that cash flows about $700/month, ...
Account Closed
Need Expert Advice... Owner has been listing on personal return
Hi all,I'm in negotiations to purchase a small apartment in Hickory, NC.After sending my offer, the owner's significant other has said there's an issue that she needs to discuss with her attorney.He said that the "Mai...
Kevin K.
Garage space rental
I've looked through some of the topics on BP regarding garage rentals. Most deal with renting them out to 3rd parties not related to housing. I'm looking to purchase my first duplex now which comes with a detached 2...