Can I get a HELOC on our primary residence (I am the sole person on the mortgage) and then have my spouse use those funds as a down payment on an investment property (mortgage under spouse name only for the investment...
Would I still need to file a return given the following circumstances?1. single-member LLC in Michigan2. formed in October 2019, dissolved in April 20203. no purchases, sales, bank accounts opened/closed, nothing. ...
Hi everyone! My name is Addison and I am a 22 year old student (originally from Greensboro NC) who just finished my undergraduate degree and am entering graduate school in Raleigh. I was planning to attend dental scho...
Hello BP!
I'm Melvin Yuen and I'm going to copy and paste most of the information I put into my profile.
Educated in finance and accounting; working experience in Accounting and General Construction. ...
hello bp community,im interested in my first buy and hold property that a wholesaler brought me. but i'm hesitating because im not sure if it's a good deal and what question i should ask.it's townhouse 3b/1.5b 1006sq...
Read a post the other day about financing a 10k used car for 2-3% and it got me to thinking about my financial situationSo - I have a student loan out for 7k @ 6.5% (which I think is high) would you pay that off or is...
The offer on my 2nd buy & hold deal was accepted today. I offered cash, but should I do a cash out refi after closing?Thanks,Kevin-------------------3 Bedroom/1 bathPrice: $37,800Annual Income: $8400 Gross ($7728...
What questions should you ask a potential realtor you want to work with for deals?
Hi, I have a few questions about the use of land-trusts and LLCs to protect assets. So, I understand the land trust protects the privacy of all owners and the beneficiary of the trust can be an LLC in order to pro...
Hello BP! I presently have 3 rental properties in Philadelphia, PA. I purchased my first property 2.5 years ago and the other 2 were purchased just in the last 6 months. I do have a Use and Occupancy licence for my fi...