Jack B.
Cash out refinance or not?
Background:
-Male in late thirties.
-Own several rental properties in the Seattle area.
-Interest rate on currently primary residence/house is 3.25%, no PMI/MIP.
-Tax bracket is 32%.
-Mortgage payment is $974 a...
Maurice Smith
refinanced my loan , need advice before closing
BP,
I need some input , what would be considered a good interest rate on a 4 plex investment property ( non owner occupied)? I closed at 6.125% with a loan amount of $277k back in feb 2019. I refinanced at 4.875%...
Martin N.
Need Help! Passive Investor challenges?
I live in the Chicago area and I'm just getting started with a Buy and Hold strategy. My plan was to work closely with a partner located in St. Louis (where I grew up) to begin buying and holding single family homes. ...
Rita Temple
Found a vacant house. Looked up owner info on Property radar, now what?
My husband and I found a vacant house in our neighborhood. It has overgrown grass and a vacant tag in the mailbox. I looked up the info on Property radar and it says the house is not in foreclosure. Estimated value...
John M.
Rental Property Tax Implications (Personal -> LLC)?
Hi everyone -I'm trying to understand what the benefits would be in moving a personally held rental property to an LLC. Is there an attorney and/or accountant that can shed some light on this?The rental property has ...
Derek G.
Adventures in Capital Gains
Hello everyone (Namely my tax gurus),I'm sure you are aware that in the stock market there are two main categories for investors as it pertains to capital gains. 1. Long Term - not cashing out the investment until a y...
Michael Truman
Need a CPA
Hello BP'ers !I'm currently under contract on my first investment property and will close on January 12th 2024. I live in Virginia in the Hampton roads area but have went under contract on a 6/2 2700 sq ft house in El...
Dean Suzuki
Where do folks put their emergency cash reserves?
Hi,
I have been reading the posts and have set aside money for an emergency funds for our rental properties. The funds are currently sitting in a bank savings account earning close to 0.01% interest. I am w...
John Voychick
LLC taxes. Do i need to open out of state LLC?
I have read a lot but am still unsure. I live in California, investing in Florida. Which state to register LLC in?I will be flip and sell and flip and hold. I have a regular w2 day job making 90k.How will LLC help my...
Mark Barnes
REI Tax Advantages Clarifications
I have read and listened to numerous discussions about the tax advantages in the world of real estate investing, but I have two questions that I haven't gotten a great answer to. Maybe some more experienced investors ...