David Rutledge
When, how and why set up an LLC
Good morning,I am a new investor and I just recently had an offer accepted on my first two homes. One in NC and the other in IN (I live in CA). I have had all the inspections done and I am now in the process of sortin...
Nicholas W.
Has an LLC ever protected you first hand?
So I know this a long running debate about whether a LLC is worth the trouble particularly due to the well known issues of getting conventional financing for one. Many people passionately encourage having every proper...
Mike Smith
Why hasn't someone else bought the property?
I'm just begining to look at properties for my first investment. I've looked at several on paper and have found a few that look like they would generate decent cash flow. Assuming no significant issues (such as repair...
Kim Hopkins
Health Insurance Options for LLC Owners Investors No W2s
Hello! This question is for full-time real estate investors who do not have anyone in their family receiving a W2 (i.e. no employees).I quit my "W2 job" in December 2018 and our family now manages our real estate full...
Bryan Blancke
Seller does not have deed, but wants to sell land
I got a lead from a mail campaign from a motivated seller. He wants to sell me six different properties which are raw land. The seller said he doesn't have the deed for these so I am not sure if I should even bother t...
Andrey Y.
Is my HELOC interest deductible for 2018?
I am sure this was probably answered somewhere on this forum, but I was unable to find it.I took out a HELOC for $51K, and have payed IO payment on it during all of 2018. Not sure exactly what I used this money for, s...
Jeff L.
Should you combine properties in a single LLC or separate?
I currently have a single member LLC with a commercial property under long term lease. I am on the verge of purchasing my first vacation rental that I had planned on putting in the same LLC. However, my accountant sug...
Dave Price
How Soon After the 1st STR Would I Be Able to Finance my 2nd STR?
I plan to buy my first STR (Cabin) in July of 2022 in the Northern AZ. I will be purchasing this home under a Conventional Second Home Loan for 10% down.I was wondering how soon after purchasing the first STR can I c...
Adam Schellhammer
Insurance and Taxes in Seller Financing deals
Hi BP Community,I am currently analyzing my first seller financing deal on a duplex. It's an estate sale and the owner is willing to carry the note for 2 years. The monthly payments are what I need them to be to cas...
Margaret Rodriguez
Rent discount for maintenance Pros/Cons?
Hellooooo all !
I'm a few weeks out from closing my very first property. WooHoo ! It's a house-hack with one tenant and myself on the property. This tenant's rent is below market, but I see that his lease includes m...