Bryan Hancock
Taxation For Insurance Claims Kept Instead Of Used To Repair Property
So...if one receives a large insurance claim and decides to pocket it initially to pay off a mortgage and later does the property repairs what are the tax consequences? Using the dollars to pay off the mortgage initi...
Blisseth Sy
Should I sell my first home purchase in SF Bay Area?
Hi all,I am a Newbie first-time homebuyer/landlord here, hoping for some wisdom from the community.I bought my first primary residence in Nov 2021 for $850K (20% downpayment) in San Pablo, California. I lived in it fo...
Tom McDermott
California investors in a syndication outside of CA
I have the potential to raise money from investors that live in California. The asset is not in CA, the LLC will not be formed in CA, I am not in CA nor a CA resident.Does the state of California require or necessitat...
Russell R.
Tapping equity in self-directed 401k
Would love to hear from some pros on what my options are in the following situation:Townhome in Charlotte, NC valued at approx $230,000 in my self-directed 401kNon-recourse loan balance remaining of $17,000 (with NASB...
Patricia N.
How to loan LLC money
I am the sole member of an LLC. I capitalized the LLC with 1K several years ago and only have $400 left in the bank account. I would like to loan the LLC another $600 while I try to get the LLC up and running.Could I ...
John Malahay
Los Angeles or Orange County: Establishing a business account
Hello So. Cal Investors. I need to open a business account. I have tried starting one up with Chase but they have that monthly $1500 minimum which puts me out of budget since I'm just starting out with my REI busine...
Don Konipol
Borrowers: what they say…….and what they mean
Borrowers: what they say……..what they mean1. I’ve established a class A “team”……….. I finally got an attorney to work without a retainer2. I’ve got extensive experience in multi family residential ………………. I live in a ...
William S.
Milwaukee is driving me nuts.
Please excuse me for a moment, but Milwaukee is driving me absolutely nuts. I don't understand how you investors make it work here. The properties are in junk condition, your property taxes are absolutely out of contr...
J Scott
Nationalized Single-Payer Health Systems
First, this thread is NOT about the current legislation to create a national healthcare program. There are plenty of threads on here arguing the benefits and drawbacks of that specific bill, and I don't want this to ...
Tiffany Smith
From single family to multi family
Hello BP friends I am looking for advice. We have 3 single family investment properties. While we have been successful in cashing in the equity (brrrr), the monthly cash flow isn’t where we want it to be. I am cons...