I have recently seen multiple post by people saying their CPA has advised them against putting their investment property in an LLC and to own them personally.Am I missing something because this seems crazy to me? I c...
I have worked with a realtor on several deals over the past few years, including commercial properties. I told her that I am looking into flipping houses (all cash deals), and when she sends me the MLS listings she m...
Hello BP,
Just finished reading David Greene's Long Distance Real Estate investing book, which got me motivated. I am based out of Connecticut and looking for out of state, buy and hold properties. I have looked...
Hi. My wife and I live in California and purchased two homes out of state with Marshall Reddick in 2006. One single family home was in Florida and the other in North Carolina.
We are upside down on both homes and...
Hello BP,Before I go into the deal specifics I feel like I have to justify WHY I am choosing to invest in San Diego. Essentially it all boils down to my current situation. I am a first time buyer, Navy veteran current...
I've heard the horror stories from landlords about how the tenant they were evicting poured cement down the toilet, played hammer darts in every room, ripped out the copper, or left piles of garbage for the landlord t...
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
BACKGROUND: Tenant eviction. Tenant did not even begin to move out, even after the judge ruled in our favor. Stayed until the Sheriff lockout. Was not at home at the time. Single mom with three elementary school a...
Hey Florida BP-er's,I heard that if someone has been filed for foreclosure in Florida, who is also an owner occupant, you CAN NOT take over their existing loan subject-to...Can someone verify?Thanks,Jordan
So I purchased a condo that I was going to live in flip. I did all the renovations and turned out great even after a few hiccups and came in on budget ($40k). But the hoa voted and passed special assessments to upgr...