Leandro Zhao
When to buy a house under a corporation in Canada?
I listed to many BP podcast and over and over again, I hear them saying that they buy property under a different and NEW LLC and they have another service LLC to rent the unit to "protect" themselves.All the local inv...
Vamshi Ananth
What information is required for mortgage pre approval?
Hello Fellow BPers,This might be a basic question, for pre approval of a mortgage, does the mortgage broker need the following information?Last 2 years federal tax returns all pages and W-2sLast 2 paystubs covering ...
Christina R.
How to Conduct Business in 2 Family Owner occupied House - SMLLC
Hi all,I am in contract on a 2 family home in which i will live in one of the units and rent the other. I opened a single member LLC and have the contract in the LLC name with me personally guranteeing the loan, okaye...
Nathan Ku
how do you collect your rent ?
For all the landlords - I have a word of caution for you. Avoid using online services like Cozy for your deposits and rental payments. They have the ability to withdraw funds as desired by tenant. I found the hard way...
Garret Ball
I really need some advice..
Ok so my original plan with real estate was to get an FHA loan and live in a MFR. But, I only work part time right now and my full time job opportunity is not working out now. I need more capital and I feel like I cou...
Tim Greenfield
First SDIRA purchase
So as I understand it, the reason for setting up and LLC is for Checkbook SDIRA. I do not have an LLC but I have contacted my SDIRA holder and I am ready to purchase my first property. I can do it all cash for a duple...
Account Closed
Hard Money Lending with SDIRA Funds.
I met a local Hard Money lender that syndicates 6-12 month Hard Money loans recently. The interest earned, typically 9% to 12%, is paid out to the members and the syndicator keeps the up front points and handles all t...
Jill Mathis
Former PM charged rent after contract terminated
I terminated my Agreement with my former PM on February 27th, asking to cancel immediately or consider this message my 30-day notice. They acknowledged to my new PM that they received my notice and wanted their 30 da...
Lisa Misuraca
Help my CPA didn’t expense my remodel costs.
At closing I got my check which is my profit and remodeling costs.My accountant refused to deduct these expenses on my Capital Gains form.He included the total cash received at closing.What can I do? So basically he’s...
James Strawser
My first Triplex North Port Florida
Just wanted to let everyone know I closed on a deal and will be moving in on October 1st. I have a few weeks to get the unit I want to rehab up to speed for a renter to move in on Nov 1st. I am not much of an administ...