Clayton Jeanette
HELOC on Owner Occupied Triplex
Hi BP I currently own a triplex in Tucson AZ where I live in one of the units. The other two are currently leased out for the 2017/2018 and I have 25% equity in the property. My question is can I take out a HELOC on t...
Matt Willis
Income Tax on New York State LLC?
I'm looking at purchasing some sfr or small multi families in the western New York area. Does anyone know the income tax rate an LLC would pay in New York State? Besides being able to write off expenses, and deprecia...
Scott Eadie
Beginner with Large Capital Access ($10M)
Good Morning,I have reached out to a wonderful investors real estate agent and have read the book " The Millionaire Real Estate Investor " which has given me a good introduction including Mindset, Charts, an Understa...
Ross Hayes
Key Deal Analytics Metrics
HelloFirst time poster...We purchased our first investment property a year ago, and we are working to prepare to purchase our second. I'm trying to educate myself better on the analysis to analyze deal, as well as ke...
Tony Roddenberry
Taxes on sell of property
I just sold my first flip! Was able to get a great deal on a MH and turned it for a great profit. Was all in at just under $50,000 and sold it for $75,000. Now for the sad part..... TAXES. How much should I set asid...
Travis M.
2 specific lending questions (schedule c / llc structure)
I just got approved for a mortgage in Humboldt, California.
It was an absolute nightmare with self-employment income being verified by fannie mae/freddie mac rules, and not being able to use income from new LLC's I h...
Timothy Frazier
Capital gains question for primary residence
My current home is a single family house in my name and with mortgage debt in my name in PA. I have lived in this property for several years and due to the appreciation in my area over that time as well as the upgrade...
Denise Evans
Alabama Tax Sales 2020 Changes
Alabama tax sales law has changed dramatically. SB257, which was signed into law, changes interest rates to 8%. It might or might not be retroactive, depending on who you ask. Procedures for improvement payments up...
Mike Chira
Taxes on fix and flips
Hi everyone, I'm a new investor in Augusta Ga... I just bought my first fix and flip property at foreclosure. I will have the closing in a week and then I'll start the rehab.
My end goal is to buy and hold multi fam...
Sujay Kumar
Rental property analysis
Hi,I am looking to buy a rental property / SFH for 80,000 using funds in self directed IRA/ cash.Monthly expenses is 760 using the bigger pockets calculator ( including insurance- 120.00 per month, property management...