Kevin N.
LLC : There are more cons than pros
I'm just a novice investor but the more I read about LLC the more disadvantage i found than the advantages it provides. Cons:cost more to setup, cost more each year to file taxes, can't take out conventional mortgages...
Luis Arguello
Strategies to reduce taxable income while deploying capital to build wealth?
I manage 150 units across 30 properties in Miami. I work for a single owner. We are projecting to pay taxes on $1,500,000 for this year and $2,400,000 next year. That about $500,000 in taxes this year and $800,000 nex...
Anthony Gayden
Walking the Tightrope between Debt and Leverage
What is a good balance between debt and leverage?The biggest mistakes I have made were when I assumed I was strong enough to overcome the psychological effects of dealing with debt. Last year (just after I was on the ...
Account Closed
Are Principal Payments Subject to Income Tax? Asking for a Friend
What's up everyone! A close friend and I just had a discussion regarding the tax treatment of P&I. Whoever is right gets a bottle of Tito's so, no pressure here! While talking up funding strategies, I mentioned to...
Andraise Scott
LLC Conflict and Confusion - what's right?
Hello BP,I'm operating out of Maryland. I have heard and read that if you are going the LLC route, the property needs to be titled (before/after purchase) in the name of the company. An accountant is now telling me ...
Linda Lai
REI Financing for Retirement Accounts
Hello BP Community!I’m a new member to BP community and have no experience in REI. I’d like to transfer 50% of my retirement savings invested in stock market to real estate investment for passive income from rentals,...
JT Crownover
Property Management Software
What's the best property management software for owners of smaller number of units? Like 25 or so units? Thanks, JT
Ben Lukes
Paying debt with a business to improve personal DTI (episode 943)
In episode 943 of the podcast the guest, Jeff, said that if you pay your debts through a business account for 12 months, they will no longer apply to your personal debt-to-income ratio (DTI). Does that apply to conve...
Ernie Sturzinger
Is no cash flow okay if I put no money down?
I'm looking for some constructive feedback on whether this makes any sense or not. I am looking to purchase a 12 unit apartment building in Ohio and I am putting no money down out of my pocket. I have done the analys...
Anthony Wienke
Are these financials poor performing or am I missing something.
So im looking over the financials of a two for one commercial property purchase. One of the buildings is a small storage facility and the other is a self serve car wash. Both the storage facility and the car wash are ...