Murali Ponnaluri
Tax attorney and CPA in New Hampshire
Hi everyone,I’m a first time investor and I’m going to be closing on a multi-family property in Manchester, NH and wanted to ask a few questions. 1. I have a mortgage under my personal name, and I was thinking of coll...
Jason Valchine
my potential investor is transferring $$ from 401K-self directed
I have a partner investor on this 52 unit deal that wants to roll about 100K into our deal but it currently is in his 401K ... I seem to remember someone saying you can roll it into a self directed and then put into r...
Chris Marston
Calculating Returns on Flips - Can I Use COC in Initial Analysis?
Hi all,I am a newbie making an effort to analyze properties on a regular basis to help me learn the ropes before I purchase my first property.What I would like to know is how should I calculate predicted returns on a ...
Jose Rodriguez
Tax interest deduction on rental property under LLC
I have some properties mortgaged under my name. Is there any limitations with claiming the mortgage interest as expenses on the LLC tax return? the properties are under my name but the LLC manages all income and expen...
Mahmuda L.
Looking for consultation
When you are confused about holding onto your out of state rental property or selling it, which professionals help you decide the actions best for you? I am wondering if there is any professional paid consulting servi...
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...