Joseph Nigro
Should I form an LLC for each rental property I acquire?
Good idea? Where would you handle most expenses? Divide them out or under one specific Llc example.. Gas to drive to the property and lawn equipment to maintain the property along with other home office expenses.
Eve W.
If the rental property is under my name, can I collect rent under the LLC business account?
The deed is under my own name since I am personally liable for the loan.
Can I have my tenant make the rent payment into my LLC business account? thanks
Reid Hanley
How to tenant screen Immigrant Tenants with no U.S. ID
I have been receiving a lot of interest in some of my rental mobile homes from Hispanic people that have recently moved to the U.S. from various Latin American countries (Central America and Mexico mostly). Most of t...
Louis Mannikko
Using 401(K) Loan to finance first property
Hello,Just curious what you all thought about the idea of using a loan from your 401(k) to finance the purchase and rehab of a 1st property.My plan would be to use 40-50k to purchase a small rental apartment, fix it u...
Kyle D.
Military bases buy-and-hold strategy
I am doing some research on buying SFRs/2-4 plexes near military bases and listing on military websites. Here is kind of the baseline for what I would like to capture. Is this too much, and is there anything I am mi...
Brandon Allenczy
Should I Refinance or HELOC?
Hey BP community!
Looking for some advice on a unit I have in Wilmington, North Carolina. It's a SFH that cash flows somewhere around $75-$100 per month. It wasn't purchased to be a rental but we turned it into one. ...
Corey Reyment
Cost Segregation Study on a 16 unit and 401K To Reduce Tax
We are in negotiations on a 16 unit. Purchase price will be somewhere around $600K. We primarily wholesale and should end up somewhere around $400K this year of income from our wholesaling business. We met with our ac...
Thomas Berridge
How much did you spend on first deal?
Just trying to get a feel for what price brackets most started out in? And how did you finance your first deal? Also, is it possible to fund a deal with an IRA and not be penalized for taking money out? Between credit...
Helen Fradette
Taking it all in and getting a plan together
Hello! I found BiggerPockets about 2 weeks ago and have been hooked on the podcasts. Three years ago, I landed a job that allows me to actually save money each month rather than living month to month. Prior to that I ...
Ivy Hailey
Looking for Bankers for 1st Buy & Hold investment property
Good day!I have started contacting as many banks as
I can for my 1st investment property. I will be house hacking in
Baltimore City, Maryland. The property will have to go in my name
initially, so I can reap the...