Bill Willis
Tax Handing Q's - LLC vs Prop. in Your Name (Due-On-Sale Issue)
Afternoon,
I recently purchased another single family home to live in, but I still have my condo that I own and want to start renting out. I've done a bit a research around LLC's and creating one - (unfortunately, I ...
Drew Dim
1st "Deal" with a Multi. To Quad or Not to Quad
We recently moved to a new state (where properties are quiet expensive compared to TX) and we found a quadplex for sale for $429k. Rents are a bit below market at $955 and we want to owner occupy utilizing the FHA pro...
Shirley Wagner
House Hacking Analysis in CA
Hello, I love BP and am motivated to stop renting and house hack. Living in CA everything is really expensive. Seeking to do a FHA for a duplex but how do I know if it is a good deal when I will need to pay for my ...
Matthew Trotter
Tax Deduction or Depreciation for Small Renovations?
I have a few small renovations I want to make to one of my rentals. Each renovation is inexpensive, and it would be so much simpler to treat them as deductions for the 2016 tax year rather than depreciate them over se...
Shawn Ackerman
What do you think about this Sub2 deal?
Hello Bp'ers I recently met with a seller and she has 5 duplexes that she wants to let go of as she is ready for retirement. Here are the numbers. Let me know if the deal makes sense for Sub2. Keep in mind that I ...
Joshua Hollandsworth
Vacancy, Repairs, CapEx for Cleveland Investors
What percentages do you NEO Investors typically use? Price Points are 40k-90k. How much will these expenses run me on average. What is playing it safe?
CapEx, Vacancy, and Repairs. Or any other misc expenses.
Dane Peterson
Tax Time... No 1099's for wholesaling/assignments??
Hey BP,Filing my taxes for my first full year of being in Real Estate. Every transaction I did last year was an off market transaction. All income came in as either an assignment fees or funds from vacant land sales ...
Jordan Noble
HELP - New Investor - First Duplex
Hello all,I'm under contract with my first investment property. It's a duplex with existing tenants for sale by owner in Virginia. I know that I need to honor the existing contract. What information should I request f...
Jake Lee
Separate checking account?
I have a commercial property and will be buying a rental home soon.Q1. Should I open a separate checking account for the rental home?Q2. Separate credit card for the rental home?Thank you.
Sandra K Shirah
Thoughts on Yodle.com?
I was contacted earlier by a representative from Yodle.com...he promises massive leads for a Buyer Specialist in my area. Was wondering if other agents have used their service, and what your thoughts were? Value for...