Hi everyone, my name is Pauline and I am based out of Los Angeles, CA! For 2024, my goal is to invest in real estate and to flip my first house in FL, SC or HI.
Hello BP community,
I have opened a Delaware LLC early this year where I plan on registering 3-5 rental properties I plan on acquiring in the next 5 years. It is a single member-managed LLC. My question comes...
Hello All,Here's my situation:1st unit - no mortgage2nd unit - has a mortgage3rd unit - looking to buy and use as a primary resident for a few yearsQuestions:1) can I 1031 x/c the 1st unit to pay off the mortgage of t...
Currently I have a holding llc and a management llc. I own both. I was doing my taxes and my and my accountant suggested not to use a separate llc for my pm company. He explained that it is unnecessary and generates e...
Hi all,I just purchased a small condo in Destin, FL for rental purposes as well as personal use. I am in Destin now trying to get it ready to list. I have chosen VRBO because it seems to work well here. I am getting m...
I am a new investor and watched regularly Bigger pockets podcast, youtube, etc. I am very interested in buying real estate but I am afraid of getting sued over by renters. I know I can start an LLC but if I am the s...
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...
I have a house in Katy TX. My tenant moved out a month ago after a warning notice to evict or pay rent. Unfortunately he left none working car inside the garage. I am not sure if can just tow it away. Any advice will ...
Hi all, I know I already asked a similar question, so please bare with me. I’m having a little analysis paralysis here. I know most of you are not attorneys or CPAs, but just provide your opinion and please explain wh...
I have never sold a property that I've previously 1031'd into. I am confused on how to think about my potential tax liability and I've had different opinions from professionals. The scenario is that I bought a house f...