Kenneth White
When is it a good idea to get a LLC?
I'm about to buy my first house and it's going to be a house hack. I read rich dad poor dad and he talked a lot about incorporating. How big does your portfolio need to be for incorporating or getting a LLC to be a be...
Chris Eidson
Owning vs. renting in light of new tax law
In light of the new tax law, fewer and fewer will be itemizing. Therefore, the traditional tax breaks for the primary residence are a moot point (i.e. property taxes, mortgage interest, etc.).It makes me think that I...
Antonio J. Mendoza
First Investment Property
Currently in escrow with an investment property that’s in probate. This property has been appraised as “average” for $86,300. It was listed to for 65K. I bid on the property and was accepted for $66,500. Currently...
Kim Vandermark
Self-directed IRA versus Solo 401K
Hi all. I have been reading and researching Self directed IRAs and thought I had found the company that I wanted to go with to set up the LLC, but I noticed an ad on the BP homepage and called them and now I am confus...
Jeff M.
Creative Exit Strategy Needed
Almost 20 years I bought a mobile home in foreclosure for my grandmother to live in. She recently passed. It just went under contract and I'm about to be staring down BIG capital gains. Yes, there are worse problems. ...
Dwayne Freed
Housing assistance won’t pay utilities
I have a single family house that the tenant is applying for rental assistance but they won’t pay the now 1800 water bill. Am I allowed to evict solely based on the delinquent water bill after the rental assistance ma...
Mike Obrien
Returning Security Deposit for Tenant not on the Lease?
Hello Everyone,I am a new real estate investor and recently closed on a three family property that I plan to house hack. I have one of the tenants moving out March 1st and I am moving in right after. I found out at cl...
Jesus Cordero
What do Lenders look for in, to accept working with you?
Hey everyone! I am just starting out and I want to wholesale but also at the same time look for rental properties. The only thing is, I don't have much credit history (about 7 months of credit history) and I have been...
Dan R.
[NJ] Responsible for obtaining CO on fixer upper property
Im in the process of buying a new primary residence. The house is being sold by an elderly couple in strictly as-is condition. It's in pretty rough shape but we plan on going in with a crew on day one and remodeling (...
William Joel Idleman
Tax Advice for the End of the Year
I know it's July but the end of the year will be upon us before we know it. You may find yourself struggling to spend some profits to lower your tax liability. There are a few tax advantaged investment vehicles you ...