Marc-Andre Bordeleau
First investment: 16-plex apartment building
Hey guys thanks for coming. I was looking at this apartment complex and ran the numbers on BP's calculator and thought I might as well ask for your opinions on this deal. I think it looks like a solid deal on the outs...
Charles Robinson
Probate and Pre-Foreclosure Deal?
I have a pre-probate and pre-foreclosure deal on the table that goes like this and I need help getting my arms around the acquisition using seller financing. I have kept the math easy: $125K ARV; $25K repairs to get...
Marissa Barrios
Heirs stuck with tough decision on Short Sale on house
I have a question and I hope someone can help. The executor of the Estate found out mother had a reverse mortgage on it and the lender didn't give any information or tell the executor of the estate had any options on ...
Julio Bradley
LLC and 1040C
I recently moved one of my rental properties into an LLC to protect my personal assets. When I filed my taxes, my tax agent said that I must file a 1040C for the LLC and that the 1040C does not protect my personal as...
Ream Kidane
First Time Investor in Rochester
Hi All,This is my first post in this forum. After reading endlessly on the process, I recently realized that I will need to actually purchase a property at some point (go figure). My plan is to find a 2-4 unit multif...
Phil LoCicero
New Administration Hostile Towards Landlords?
The Biden administration has me a little nervous. I have great tenants. It appears that there are some radical ideas being tossed around by some members of congress such as complete rent forbearance and forgiveness al...
Patrick Hancock
Can you have too many LLCs?
Hello and thank you for the comments and suggestions in advance. Given the ideal situation when owning a rental property (for this example residential 1-4 units) is to hold that property in it's own LLC for liability...
Todd Powell
Question: Can you take two different LLC names and do 1031?
Here are the specifics. I have ownership with my wife and older son and his wife, all 25% each as members in two different properties. One is a 5 plex, Powell Properties Milton St, LLC and another 8 plex, Powell Prope...
Kenneth LaVoie
Frustration with REFI (another disadvantage to LLCs)
good morning everyone,
I have been looking nationwide for full terms fixed rate financing and cannot find it. I have encountered a recent killer deal, but most banks will NOT loan to you period, if your LLC owns the ...
Eric Tomlin
SDIRA valuation question
Good evening pros!I have an LLC funded by two SDIRAs (1 traditional, 1 ROTH). My plan is to convert 20% of the traditional to ROTH each year, so that at the end of 5 years, the LLC will be wholly owned by the ROTH.As ...