John Golding
Buying investment properties with partners
Hi all, I'm looking into buying a first investment rental property with 2 partners and we're trying to figure out a) what legal entity (if any) to create and b) how to handle financing. 2 partners are in California; 1...
Forest Williams
Out of Country (Canada) Investor - Manage Flip In States- How does it work?
Hello BP Community,I have a Investor/Family Member Located in Canada that would like to Buy homes here in the states because he can get more for the money. He would like me to mange the flips as well as find the deals...
Kevin Smith
Investing in Toledo, Out of State, Visiting August 17th and 18th
Hello everyone. I reside in San Diego but will be visiting Toledo soon and have some free time August 17th and 18th to explore and look at potential single family home investments to hold and rent. I would also be int...
Meg Hoff
Short Sale of Rental Property
I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...
Wesley Appleget
Collecting rent through LLC while claiming depreciation personall
Hi Everyone, I just bought my primary residence and am planning on renting it out. I am the sole proprietor of my LLC and would like to be able to collect rent money through my LLC so that it is profitable and I can u...
Shanna Chen
Re using VA Loan after 2 years
Purchased my home in Hawthorne using a VA loan in Aug 2020 and now I’m renting out the home for $4000. Breaking even and not pocketing anything after HOA and insurance. My second home I purchased with a conventional l...
Matthew Cater
House Hacking Questions
Some general questions about house hacking:
1. Tax question- If a person purchases home 1 as an owner-occupied personal residence house hack and then moves out the next year and purchases another owner-occupied resid...
Qi Ming Chen
Using 1031 exchange proceed for partnership
Does anyone know if it's ok to do a 1031 exchange and use the money to jointly buy property with somebody else or does the owner have to be the same person and no one else?
Zac Gryb
General Columbus, OH SFR Questions
I am new to the Columbus market and am interested in expanding my portfolio. I am trying to get a better sense the market nuances compared to others I have purchased in. The following are my questions about this marke...
Robert Hasty
This Old House
Current situation,Wife's mother renting Wife's home. I'm not on deed as we met and married after her purchase. Mother in law has been renting Wife's recently renovated by us over 100 years old home for past few years....