Emily Thompson
Refinance in own name or LLC?
I recently purchased a duplex with seller financing (3 year note). I would like to put my LLC on the title instead of my own name, but knowing that I will need to refinance within 3 years, will it be harder to get a l...
Tyler Burlison
Cash Out Refinance Options on Rehab
Hey everyone,I'm sure this topic has been addressed several times but it seems I keep getting different answers when talking with different lenders vs. what I've read online. I am rehabbing a property and would like t...
Eric Frye
Heloc on Primary residence for Rental
Hey BP, I am looking to get into REI and have been doing some research on getting a Heloc on my primary residence. I do have a good amount of equity in my current home, but I am more concerned on the details of after ...
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...
David Slattery
Deal Analysis - Dueling Duplex's in Pensacola
Hey Everyone! I've spent years crunching deal numbers just to let good properties get away and then see the gains someone else ends up making down the road... It's finally time to make moves, and I thought some perspe...
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...
Joel Schiffer
Selling a rental house and a vacant lot. What to do with the cash.
After sales i'll have about $300k. I'm experiencing analysis paralysis. If I want to save ~$60k in cap gains tax i need to 1031 into something. Or, should i just pay the tax and throw it into the S&P500? I fig...
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...