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...
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...
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...
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...
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...
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...
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...
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 ...
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...
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 ...