Mark S.
PMI: Knock It Out or Keep Investing?
Read an interesting article recently about viewing paying PMI and viewing it as an interest expense on a diminishing principal amount (as you make monthly mortgage payments and pay down principal and your PMI s...
Adam Bearup
Where to invest cap ex reserves?
Hello BP community,
I'm interested to learn what most investors do with the portion of rental income commonly set aside for cap ex, repair, and vacancy costs.
Does it go straight to the bank? Invested in CD's or a ...
Raj G.
Property Tax-how to distribute
Hi, I bought my home(Bayonne, NJ) around Dec 12 ,2016, tax for 1st quarter 2017 was already paid by previous owner, so I paid that amount in closing of home then for the remaining 3 quarters I paid via Escrow account...
Andrey Y.
Long-term Turnkey investment numbers
Happy 4th everyone!Given the extremely varied opinions about investing in Turnkey properties on this forum - specifically, on whether they are actually profitable long term. I kindly request if you have owned your Tur...
Andy Lightner
Tax Ramifications for Wholesaling
all,
i am in virginia and ready to get my first wholesale in the books, what are the tax ramifications for wholesaling? I cant seem to find this info anywhere????
Joe Wood
inherited IRA question
Hey everyone,Tax question regarding an inherited, traditional IRA.I am a non-spouse beneficiary which was listed in the will of the deceased. Therefore, it does not have to go through the estate and probate period.My ...
Gabriel King
Bay Area Investor
Hello my name is Gabriel. I've been investing in real estate since 2006. I own a handful of properties in the East Bay. I'm a seasoned investor but looking to expand my portfolio.I've been a lurker on this website ...
Jeff Thompson
Self Directed IRAs
Dear Bigger Pockets Friends,I have a self directed IRA from Pensco which was formed when i was a passive investor on a multifamily deal. Since then we sold the property but I have left the money in the IRA and would ...
Martin Silverstrim
Looking for Real Estate CPA in Vermont
Hi. I'm a newbie that needs a CPA in Vermont, preferably one that has some insight and expertise into Real estate. Most likely, I will be purchasing investment properties out of state. My taxes have always been pretty...
Ryan Ulrich
LLC across state lines?
I live in IL but looking to invest primarily in MO and other states in the future (IL property taxes KILL cash flow). I'd like to start an LLC for my properties. Does it matter if the LLC is registered in one state ov...