Hello! I would be so appreciative for some insight about this situation. Here is a broad overview: Tenants rent from elderly family members who do not have the means to take care of an old home which sits on a large p...
I understand the reasoning behind placing real estate in an LLC: for the owner to shield himself/herself from personal liability in the event of legal action.
However, is one LLC enough? Say an investor owns 10 prope...
Hello,My husband and I are new to BP and getting ready to start our path to financial freedom; however, we're hung up on a strategy. If you've had this type of issue when you were starting out please chime in and let ...
Can someone please remind me...I can use 1031 proceeds from one property to acquire 3 new properties? Can any of those new properties have a purchase price less than the property of which the proceeds are from? For ex...
So I have 3 properties under my name. My primary residence and two investment homes. The two investment homes are worth around $350k and 250k. Is it recommended to get an LLC for two properties?
What is the average c...
Hello all - I am on maternity leave and have been diving in head first into learning more about real estate investing. Listened to a bunch of BP podcasts, watched a bunch of youtubes, read Rich Dad Poor Dad and Brand...
Having spent 6 months in Buenos Aires, I have long loved the city. It is by far the cheapest (high quality of life) city in the world and it just got cheaper. With Javier Milei the most likely to become president in O...
I just bought a new home as a primary residence. I use 2/3 of the home for short term rental on Airbnb. Am I allowed to make tax deductions on both - 1) Mortgage Interest, and 2) Offset my passive income with STR (onl...
There are couple properties going to a Sheriff Sale with the amounts owed to banks significantly less than the actual value of the properties. I want to reach out to the owners to see if I could buy the house from the...
I’m interested in obtaining a Roth Conversion Calculator that would analyze pros and cons of a Roth conversion vs keeping IRA. Calculator should provide amount of conversion tax payments needed, one or multiple conv...