Leon G.
Considering Irrevocable trust or LLC
Hello All,Background: Two rentals; a duplex and a sfh. No mortgage in neither, personal home also no mortgage. Own also investment accounts, zero debt. All my assets are in my name and have about $2,000,000 in insuran...
Robert Lockwood
Claiming Depreciation in LLC vs. Personally Owned
My most recent tax filing made me more aware than ever of the potential benefits of claiming depreciation. I've since sold that single family rental and have a contract on another in my area, near Denham Springs, Lou...
Sanjay Sharma
Partnership rules/ guidelines
three colleagues and myself are going to form a real estate partnership. Our goals are to put money into our partnership on a yearly basis and purchase real estate on a yearly basis. We started looking at mfh. We put ...
Joshua Starbuck
Is this legal or what should I do about this issue if it occurs?
Hello BP! Was wondering if anyone could help me out with this issue if it were to occur. I am in the military and looking for a home/rental property. I want to "house hack" a duplex, triplex or quad with a VA or FHA l...
Simpson St.Louis
Can the Administrotor of an Estate purchase the Estate
Hello I am relatively new to here to bigger pockets. I've recently been considering to be named the Administrator of my mothers estate (God Bless her soul). The situation goes like this the house is currently in pre-...
Phillip G Alexander
Is this a good move?
Hey BP, I'm going to be brief here. I'm planning on purchasing a primary residence in Cleveland, OH between $85,000-$100,000. I would then get a hard money loan, $10,000-$20,000, to rehab/update the home. Can I the...
Donald Gardner
Advice neeeded for a newbie Investing in Northern New Jersey
I recently left my corporate job after 19 years. I have a pension of $150K that I can move to a solo 401K which I can use to invest in real estate. I recently started looking at property and can find pretty good dea...
Najy Lyoubi
Need help with an owner financing deal!
Hello,
I came up with a verbal agreement with my neighbor. We agreed on a seller financing deal. The deal is in Las Vegas.She would sell me her house, which is completely paid off. However, the house has two known li...
Ron West
Lender Increased Seasoning Period
Hey everyone!I purchased my first property 2 months ago. Things have been going great so far. The tenant was already in place, rent was at market price and with zero rehab I have 50% equity. This property was purchase...
Valerie RIchardson
Special Warranty Deed
I have a friend who owns a house in Springhill Florida she is concerned that she doesn't own the house. The bank back in 2011 told her the house was in foreclosure but no records are showing of this at all. The guy w...