Haiyang A.
$8000 closing costs for cash-out refi of a rental property in Cincinnati
I am looking to do a cash-out refinance for a rental property which is located in the Cincinnati area. The quote I'm getting from a local mortgage broker is as follows: 30 year fixed conventional financing, 75% LTV, 7...
Account Closed
Silent partner/Investor with equity + full amortization payback
I've owned a retail business for the past 13 years leasing only. Always wanting to own a space and build equity. My lease is up soon and I have found a property I'm interested in. I had someone I know offer to come on...
Joe Maris
Missing Info for Property Managers and Investors
BP has a hole (missing info) for property management. I've seen several posts asking for a sample Property Management Agreement. Before you recommend calling a RE attorney or warning that laws vary from state-to-state...
Maggie G.
When to form LLC., before or after buying a property?
When to form LLC , before or after buying property? Can I borrow money from the bank for LLC or other form of corporation?When is the perfect time to form LLC, is it when you are beginner investor or advanced one?Whi...
Jay Pillalamarri
Need to show 250K loss. Strategies?
I'm doing tax planning for the next year. Looking for strategic guidance from an investments standpoint (of course I'll work with my CPA on the details)-
1. My individual taxable income in 2021 (after all deductions)...
Kristen Haynes
How To Save Some Serious Tax Savings On Your Rental Properties
Hey, just checking in with my fellow real estate investors! If your Accountant has not done an Engineering-based Cost Segregation study on your investment property rentals, you may want to look into having one done. I...
Taylor Witt
Startup Syndication Costs
I've been doing a lot of education on putting together a syndication but there are a couple items I haven't found answers for. Everyone on here advises having a securities attorney put together the appropriate busine...
Peter Ricca
BRRRR or Flip on first deal? Best way to fund 2nd deal
Ok BP I’m house hacking currenty in NJ and now ready to buy my first out of market in Ohio (partnering w my brother who lives in market).Found a SF house in a rapidly appreciating neighborhood for $60,000. Needs about...
Sean Kollee
30 day basement development - easier said than done
To make a sale in a tough market we had to include the basement development, and we had 30 days to do it. We prepared a tight schedule and stuck to it to meet our objective of having the basement done in time for the...
Justine Scheuher
$1200 for a CPA a reasonable amount for W2 and small LLC?
I used a CPA for the first time and just got my bill $1200. I am a W2 and have LLC with 2 properties that I've kept good records for. My return was only for $1,200...