Hello BP Friends! I'm ready to look at starting an LLC for my properties, but I've heard mixed advice about their necessity and benefits. I would be starting the LLC as a disregarded entity and reporting my profit/los...
Wondering if anyone has found or offers any type of continuity programs to their renters to create additional streams of income? If so, please explain.
If I have a cosigner for Dscr loan, do they have to be on the deed or just the loan?
Simple thought; likely a simple answer.I'm in Alaska, and there are a good amount of mobile homes / modular homes/ trailer houses on land. These are almost always owner financed or cash-only, because they aren't "real...
I am getting ready to make an offer on a house that needs some rehab. I am planning to keep the unit as my first rental property. House cost = 85K, rehab 20-25K with value after rehab in the 125-130 range. I was plan...
4 years ago my wife and I bought a 4/3 SFH. We bought it because it was actually cheaper to have a mortgage than to pay rent in the city we live in. We had zero idea what we were doing but we knew we had a good deal. ...
We are buying rental properties within our Solo K. Can someone tell me what the tax benefits are to doing this? I understand that closing costs, interest, insurance etc. typically are deductible expenses in general,...
I own a couple of rentals and have a > $1M net worth.Probably 60% of that NW is in retirement funds with the other 40% being in cash, brokerage accounts, equity in properties (approximately $100k in equity).I have ...
Hi All,I currently own a rental property that I lived in for almost 3 years. I moved out last year in August and have approximately 2.5 years left to sell it and realize a tax free capital gain. Question is, does anyo...
For purposes of Asset Protection, is putting investment rental property in an LLC a good idea? If not what do you do to protect your assets in the event of litigation? Thanks for your time.