Chris C.
A young investor that has no idea how to get started.
( This post is VERY newbish, expect me to know nothing at all, in fact I'm sure I'll look at this post in the future and think of how stupid I sound like right now. Future me, sorry. )
Hello, I'm in the Toledo, Ohio ...
Joshua Bailey
Creative finance lease option
Currently looking at a 12 acre property with 6 cabins. The owners still owes 200k and selling for 375k. Seller finance isn't an option due to his lean, although he said he would seller finance if I could pay his lein ...
Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
Michael Ritrovato
Should I sell or keep my rental property
So here are the details on a rental property I currently own. I bought a single-family home back in 2007 with a VA loan. I am currently renting it out for $950/month. My mortgage is $822 but I pay $950 just to pay ove...
Andrew Pandolfino
Family loan to LLC for all cash rental purchase and refinancing
Hello BP community, I have a bit of a tricky situation and am hoping to get some advice on how to best proceed with my first real estate transaction. I have recently put an offer on a multifamily property that I had ...
David Huppman
Looking to make the leap, from Delaware County, PA
Hi everyone! My name is Dave, and I am currently living in Media, PA working as an engineer. My parents always told me to buy a house right out of college so my living expenses would be going towards an asset rather ...
Jack B.
Anybody ever done an irrevocable trust?
So I'm considering retaining an attorney to create a Wyoming Irrevocable Trust to protect some of my assets.
My rental properties are mortgaged so I can't put them in there, but I want to put money in an account in t...
Adrie Moses-bailey
What happens to mortgage interest deduction in an LLC
Hey guys, looking to do my first deal and may need to partner with some friends (4 of us) to do it. I was thinking putting the property in an LLC would be the best bet to protect everyone's assets. One thing puzzles m...
Beril Joel
Dallas/Houston/Atlanta for multiple family investment - 1st time home buyer
Hi All, I read lot of post in BP and it was very useful and trustworthy. I am a family man living with spouse and kid , living in a rental apartment for $2000 per Month at Atlanta, GA. For more than a year I have bee...
Gabriel Smith
Quit claiming to flip
Hi everyone!
I'm looking to get started investing and I have some cash to do it. I'm interested in a home I found through an agent at a Meetup and I think it has some potential.
I'm still running through the numbe...