Larry Spradling
Tax question from a newbie
2018 was my first year of owning properties. I bought two turnkey properties and received a 1099 for the rental income they generated. I entered this info into Turbo Tax. I was expecting some tax benefits. Am I mi...
Chris Webb
5th rental property purchase but 1st rehab!
We already own 4 rental properties but decided to dip our toes into a rehab project. In my area, it is hard to find good flip properties (Raleigh, NC). Besides, I'm a big fan on buy and hold (at least for a 5-7 year...
Lisa T.
Asset Protection - LLCs
I have spent a ton of time researching how best to structure our real estate holdings. We have them in a couple of LLCs now but want to add a holding or series LLC for asset protection as well as reduce our income ta...
Grant Vincent
How to structure will? Inheriting house with surviving relative?
My mom is willing me her house when she passes away. Any suggestions on how to structure the will with specific provisions to allow my stepfather to remain after her death? My heart would like to let him stay for free...
Christian Weber
Primary residence to LLC (and yes I did a search :) Florida
So I am not the smartest person and some of the helpful replies in previous posts was above my mental capacity.My situationI own a home (homesteaded in FL) and have 2 roommates which help pay the bills.numbers - mortg...
Drew Steinman
Help Me Analyze this Apartment
I know the owner of a 12 unit apartment and have approached him about selling it to me. Would love it if anyone would help me with what they think it's worth. Here are the details:Where: Toledo, OH (near University of...
Rich Hupper
Possible Sub 2 Deal? Can someone advise?
HelloI found a homeowner who bought a 2 family back in 2003 for 225,000. Due to poor management on their end they have defaulted on two mortgages.I believe both of the mortgage debts combined equal roughly 215,000. AR...
Christopher Erwin
How My Burst Pipes May Turn Into a 40+% CoC Return!
Re-Post from my BP Blog --> My recent tenant mishap led to burst pipes and thousands of $$ in plumbing, carpet, paint & cleaning. Worth it? 100% IMO...read on for why! All feedback is welcomed and encouraged.--...
Kenny Augenstein
Ready To Roll
Hey everyone,My first post on BP, I have been looking at dozens of neighborhoods in so many states to try and find a rental property. I feel like all I am doing is dragging the map on Zillow all over the place. I am n...
Account Closed
When to File Bankruptcy?
I never thought I’d be in this position, but here I am.
So, I have a few rental properties, but the utilities, taxes, and insurance were all triple the amount forecasted. Over this winter, the utilities drained my a...