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Results (10000)
Roman M. Financing income question
12 March 2019 | 7 replies

Hello BP community, I recently sold my personal property and was able to gain a profit of about 53k which I am planning to use as a down payment for my first rental property. I work as an independent contractor and ha...

Danny N. Question/Advice About Taxable Income On $507k Cost Basis Condo
10 July 2017 | 3 replies

So I was just thinking about this tonight and will call my CPA tomorrow, but figured Id ask here for now. I have a rental condo currently thats worth $650-675k, I bought in foreclosure for $507k, 18 months ago. Anyway...

Kevin Gillies Arizona LLC, Wyoming holding company, California resident
7 August 2021 | 3 replies

I have 4 short-term rental properties in Arizona, I live in California. Looking to put them in LLC for asset protection and have Wyoming holding company. The question is do I do have 1 AZ LLC Or separate them. Then ha...

Kyle Nacci How does the 2 out of 5 year rule work when 1 co-owner has been living in the house?
14 July 2023 | 6 replies

My ex-wife and I co-own a duplex in Providence. We're both on the deed but just I am on the mortgage. I haven't lived in the house since we separated at the beginning of 2022, and she has continued living in it, manag...

Matt Streeter 1031 rental properties into farm land
7 November 2023 | 4 replies

We currently own two nice duplexes,  they have been totally redone and are set to make money. we never intended to sell them,  so have accumulated a lot of write offs against them since we started in 2019. this year w...

David Tecchio First Rental Property Financing: Cash-out Refi vs. Conventional
15 June 2019 | 7 replies

I will be purchasing my first rental property and I own my primary home outright with no mortgage.  The property costs $210,000 and my home’s value is 465,000. I am not sure what the right way to finance this would be...

Pete Harper Pocket listing possibly going to bankruptcy
6 May 2020 | 2 replies

I have a lead on a pocket listing. I’ve been talking with the agent for a couple months now. The seller is very eccentric to put it mildly. He has a portfolio of properties that he has abandoned. One is a six unit com...

Donnell Durden Reverse Mortgage need advice
11 January 2017 | 3 replies

Hello BP

My grand mother passed about 3 years ago. She had a reverse mortgage. Her son/my uncle whom was living with my grand mother when she passed in appointed the estate has been living there rent free and hasn't ...

Aditya Soma Any Canadian have any experience with JV cashpartner from states
22 August 2017 | 4 replies

I have a cousin from states who's interested to invest with me in Canada, he would like to bring in the cash and I will take care of rest, so I'm trying structure the partnership right  so both of us can befit from it...

Fernando Domingo Money spent on repairs for a 1031 exchange
8 July 2018 | 4 replies

Hi BP,I have searched a bunch of different places and none of the articles that I have read and seen don't mention this so I thought that I would through it out to the community.Here is my situation:- I have a rental ...