Roger R.
Which state do form in?
Hi,
I own a rental property in CA, but live in NYC; the property is in my personal name. I would like to form an LLC for the property, treating it like a proper business. Which state should I form in, NY, CA or sh...
Zachary Mayo
how to insulate my llc and safe guard my assets?
hello, this is my first post on bp. after reading Brandons book on investing I decided to take his advice and get on here and interact. my first question is how to properly safe guard myself. I do have an llc but curr...
Eric S.
First Investment Property SOLD!!!
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $265,000
Cash invested: $25,000
Sale price: $379,000
This was my first RE purchase with an FHA owner occupan...
Daniel Dollar
Question About Renting First House
Hi everyone. I'm looking for advice about possibly renting my first home. I bought my first home 5 years ago at $162k I owe $132K and I could sell right now and get about about $230k (after realtor/title/any other fee...
Fareed Simpson Hankins
Questions about financing a rehab
Hello,
It's 2021 and I am creating my goals for the year.
I was considering the FHA 203k loan to buy my first property (deplux) and rehab it for a long term rental. I don't think I'd be able to though because ther...
Jim Lin
Can Mother remain landlord if not property owner?
So we may be given a property from my mother (currently rented out 2 units) and wondering 3 questions:1. if she can continue to lease out the property under her current lease agreements and collect rent (and keep it)....
Steve K.
Selling Rehabbed Property without an agent
One of our earlier rehabbed properties (completed 2019 and rented for an year) has been sitting UNSOLD in the hottest market, since Oct 2020. It is a first time home buyer, semi-attached, 3 Bed 1 Bath older house, in ...
Oscar Beteta
SPRINKLERS NEEDED ON REHABBED 5-10 UNIT PROPERTIES?? PHILADELPHIA
Hi everyone!I'm looking to acquire a small multifamily (5-10 units) property in Philly this year to keep growing my buy and hold portfolio. I would prefer to find a property in northwest Philly but I'm also looking in...
Sarah Lyon
Self Directed IRA LLC from an inherited 401k (non spouse)
Hello BP community!So, I am desperately trying to find ways to leverage my assets in order to pay for a flip in Durham, NC that I think well worth it. However, I am running in to constant walls when it comes to findin...
Roger Allen
Capital Gains on Inherited Property 15 Yrs Ago
Hello BPers. I have a guy that is selling his property he inherited from his grandfather (found it by driving for dollars). He passed about 15 years ago and the house has been vacant the entire time. It’s on 3 acres w...