Naresh Hanchate
Buying investment property using LLC
Hello Everyone,
I am new to bigger pocket forum. I have 2 rental property and 1 primary home in Southern California. I am looking to my my 3rd investment property to rent out. I heard of Real estate investment throug...
Paul Johnson
Owner signed contract now want more money
I'm in the process to purchase a 6 unit building. The owner signed the contract and i took contract to Title company with my $1,00.00 down payment. We got the estimated settlement statement and the owner wants to back...
Jason Prendergast
To flip or rent?
My wife and I have been talking about flipping for almost 8 years. Well, we finally picked up a great little house in Debary, FL. We're working with an agent that not only flips properties himself, but is also part ...
Dare Lamberson
Strategy to get to the next deal
Hello all!I have a situation that I haven't been able to find much info about in past forum posts. I bought 15 acres of land in Texas with a mobile home about 6 years ago and I have about $50k left on the note. The mo...
Jordan Buie
Buying multiple properties at once
So, let's say I own a property worth $300,000 in one city that cash flows decently, but in another city, two hours away (where I moved from), properties are much less expensive per quality and cash flow like crazy. Is...
Mary Jay
Penalty for Roth IRA investments?
Hi guys,
Lets say a person puts money into a Roth IRA, but then few years later, IRS penalizes this person because this person was making too much money. What would that penalty look like?
In 2019 I believe for a s...
Ashley Chris
How can I move my existing rental into LLC(or some legal entity)
How can I transfer my existing rental into a legal entity (like LLC). Appreciate any referrals to accounting or legal firms specializing in investment properties in Arizona. Thank you
Nathan McQueen
1031 Questions - Raleigh, NC
Hi BPers,I have an investment property in Raleigh, NC (that used to be my primary residence). It turned into an investment property when my job took me out of state, it was not initially purchased as an investment pro...
Brett Loetz
Will I pay ordinary income or long term capital gains?
We are selling a property we have purchased in Nov. 2018, and are scheduled to close on May 8th.We did a rehab on it, used the brrrr strategy and rented it out from June to January to a short term insurance deal that ...
Aahil B.
Question on operating LLC's?
Hey Everyone!
Happy new year!I was wondering if I were to purchase a property under my name at a conventional loan and maybe 6 months to a year from now I rent it out and were to purchase an umbrella policy, should I...