Kristen L Garner
Renting Out My Parent's Home On Their Behalf
My parents own their home in Indiana free and clear but they are planning to move to Florida in the next 1-2 years and buy a second home for their retirement. I currently live in California but am building a SFH and M...
Stephanie Bureau
Maintenance Expense Fund
So I know with the 50% rule you should account for half of your rent to go towards maintenance and repair expenses. Since not all expenses are going to happen every month like capex (is that how you write it or is it ...
Account Closed
LLC created in Wyoming, not being operated yet
Hello, BP members!Question here- LLC was created last year (Feb 2015) in state of Wyoming, I am the only member of it.However since I am based in Cali, I assume I need to pay 800$ for taxes? If yes- I do it only thro...
Thomas D Armistead
IRA early withdrawal penalty
Should I withdraw money from IRA to invest in rental property? I have enough reserve cash to finance 1 property with Cash on cash ROI 11.9 Or I can take an early withdrawal and buy 3.The penalty reduces the Cash on ca...
Kaitlyn Beard
Should I do an LLC?
I currently own two properties in which one I rent out and one I am house hacking. Soon, I plan on buying my third property. However, I love the benefits of an LLC, part of me is leaning toward no LLC and just have in...
Devin Arrigo
Accountant / RE Agent recommendations in Los Angeles area?
I'm in the process of buying a second home in Big Bear, CA that I plan to use for personal use but primarily as a STR. I have a few questions about liability protection, insurance I should purchase, and the tax implic...
Justin Tortorich
Schedule K1 and form 1065
Any help would be much appreciated. My brothers and I just started an LLC in December 2016 and contributed money to it. We have yet to actually buy a property and rent anything. I'm pretty sure that even though the co...
Dorian Jones
Raising Private Money
Hello BP, I had someone interested lending me money, but I'm not sure how to go about it.If someone wants to give me money do the bank or government need to see where it is coming from, is there any track record that ...
Benjamin Voorhis
Pull retirement for RE investing?
My wife and I own a couple rentals, my partner and I own a few rentals as well. We are BRRRR ing our first property and I really like the strategy.
I’m curious how people here felt about pulling from retirement acc...
Brian Barfoot
What do private money lenders want?
I'm interested in getting started with commercial loans and I'd like to go into the meeting with enough information to satisfy the underwriters. I have an LLC with two properties, one that has been rented for just ove...