when you have a property in the name of a land trust and the beneficiary of the land trust is an llc how does the llc provide extra protection? Would the lawyer not be able to target the land trust directly ? The llc ...
Hello,I have been told by my accountant, I can create a 1031 exchange on my own. Go to a bank, open an account and deposit the amount in my account and buying with it another property. Did anyone do it themselves? Is ...
I just purchased a property from homeowner who told me they have another home that they’re willing to sell me. The seller offered to carry 20% so I can borrow 80% from a bank, but I have called several banks without l...
We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...
I have the cash to start buying and holding single family and multi-family rentals and am looking to invest in 3-5 properties over this next year. I want to invest in different areas in the US depending on where I ca...
Hey BP,
I'm in the process of purchasing a 5 bedroom 2 bath property owner-occupied. I'm in the Fort Worth, TX area. Any guidance on the following would be really helpful for me as a newbie in this:
1. What is best ...
Hi All,I am a real estate agent with experience in property management, lease-ups, the airbnb industry, and the foreclosure market. I'm based in Seattle, and am gearing up to invest in my first property in 2017.I don'...
Hi there I'm relatively new to the bp forums and I am wondering on how to move forward. I am looking to invest in properties and must ask should I take a conventional loan out and build some equity and pull equity out...
Hi guys,I currently own a condo townhouse in Kitchener Ontario and was thinking of renovating the basement to become a self sustaining 1 bedroom and adding two doors inside the townhouse to separate the two units.The ...
Hello!When analyzing a deal, what kind of percentage or dollar amount do you put on Cap Ex saving. Currently, when I am analyzing a deal I put in a savings rate of $100 per month, not matter the size or condition. I...