Hello BP, I have a question about LLC partnerships and tax ramifications. I want to create an LLC to hold title to a house we have under contract. We intend to flip the house. My husband and I both have w2 jobs and so...
Buyers and Refinancing Owners, please remember to ask your loan officer about your eligibility for an Appraisal Waiver. The waiver will eliminate the need for an appraisal, thus saving you time and money during your c...
I own a rental property in San Antonio TX that is in a 500-year flood zone. However, that area has experienced quite a bit of flooding recently. Federal Funding for natural disasters doesn't cover rental properties. T...
I'm 23 years old and new to Bigger Pockets. Currently living in Ottawa and looking to learn as much as I can about real estate investing and the market in Ottawa. Interested in buy-and-hold/rental units. Would living ...
I was listening to this episode of the BP podcast that discussed which renovations & improvements for flips and BRRRRs are the best to add value to a property. One of the items that was mentioned was landscaping a...
I spoke to a company that works with my CPA that has offered to create me an irrevocable trust in order to reduce my passive income tax liability to zero, reduce my active income (real estate commission) to nearly not...
I have a Seller willing to do a Subject To sale, but only one objection remains.
It is a VA loan. Seller says she probably won’t buy again, but doesn’t want to lose her eligibility for another VA loan.
Is there a wo...
I have a friend who bought a property in a small town in Eastern Washington. It is an existing home which has been connected to city water and sewer since it was built about 25 years ago. His existing sewer lateral ap...
Location A: Positive Cash Flow + 4% Appreciation each year (as such locations which the 1% rule apply)
Location B: Breakeven Cash Flow + > 4% Appreciation each year (locations with higher appreciation like Austin ...
Hello BP,As always, I have found the forums to be the place to go when you are confused or lost. I did a google search for Napa REIA and a Facebook group came up that hasn't posted since 2018 (I posted so we will see ...