Jecarl Viray
Asset Protection for Rental Property
Hi BP,I’m from LA and I’m thinking of creating asset protection for my rental properties but I’m not sure how to avoid the CA franchise fee. One legal company that I talked to said to create an LLC on the state where ...
Kevin Lunt
Who is your self-directed IRA custodian of choice & why?
I'm curious to hear people's choices and reasons for using and/or reasons for not using any of the numerous self-directed IRA custodians out there.
Drew M.
SD IRA: Minimum investment to make it worth the expense
I have an orphaned Roth IRA that I can't really do much with. There is a limited amount of money in it right now (let's say $10k for discussion purposes) and I don't expect to contribute more. I am considering going...
Daniel Soovajian
Question about including prepaid insurance in calculations
Hello,When plugging in #s into the "purchase closing cost" section of the BP rental calculator, you can click the "cost breakdown" link on it to plug in specific components (e.g. points, taxes, hazard insurance, etc.)...
Jessica H.
closing costs too high?
We are about to close on our first place and our realtor with keller williams is using their in house title company. The house cost 40k but our closing costs he said would be 5k, we are in eastern PA. My first thou...
Jason Kim
Setting Up LLC Under Different State
Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
Andreas W.
Tax question about cost basis caculation for rental property
For the first time I started the acquisition of a SFH in one year and closed in the following year. In 2015 I paid inspection fee, loan origination fee, and appraisal for a property I closed on in 2016. I understand t...
Wes S.
The TSP Loan -- Waiting for the other shoe to drop...
Good morning BP. I've been considering using a Thrift Savings Plan (TSP) loan to help finance my next investment. As I've looked into it with some caution (after all, EVERYBODY* says "Max out TSP! Don't touch it!"), t...
Scott Rosslow
South FL: tax certificate -> foreclosure -> victory?
In South Florida my wife owns a Townhouse in a small HOA 4 units. Names are changed for privacy.Wife owns unit oneFish owns units two and threeGold's estate owns unit fourMy understanding is over a year ago Gold passe...
Sandy Uhlmann
Can servicing fees be passed on to borrowers?
In seller financed transactions, is it acceptable to escrow servicing fees along with taxes and insurance or do those fees have to be paid by the seller?