Jay Truong
Transfer Property to LLC and Tax on Selling Profit
I have 2 scenarios that I would like to ask on the tax. At this point, I don't know whether I should do it.
1. I want to transfer a property I just purchased to my LLC A on title using the Warranty Deed. I purchased ...
Peter Bronk
How to pay off borrowed downpayment when doing a 1031 exchange
I purchased a four unit building early this year. Part of the down payment was borrowed using a 2nd mortgage against another building, so my real equity is lower than the building value less the 1st mortgage. Financ...
Troy Sabin
Should I be hesitant to give Corporate Housing long-term leases?
Hi. I recently acquired a townhome in Asheville, NC that I'm operating as a furnished mid-term rental. I have been contacted by multiple corporate housing companies that would like to secure long-term leases and then ...
Wane Zaza
Income - Driven College Repayment Loan
So I'm saving every penny reading educating daily to get to where I need to get to buy my first house hack. Only thing is I have near 100K in federal college loans at 6% intetest rate.About 18 months ago I joined inco...
Raza Rizvi
Primary Residence that was rented for a year
Hello RE community, I had a question regarding the sale of my property. I lived in my primary residence but then welcomed a child last year so we rented it. It has been a year since the apartment was rented. I am plan...
Jered Sturm
Favorite quotes?
I really enjoy good quotes to inspire me. Its like a shot of motivation in 10 seconds of reading. Ill share one of my favorites. What are yours? The following is a quote I reflect on often when using other peoples mon...
Rick Eicon
A single or multiple rental properties
Has anyone done the modeling or experience determining which investment strategy is best.For modeling purposes lets use 600K self directed IRA funds would be made available. A) 1 single multi unit rental property pai...
Chuck King
Rental Applications/Lease and Rental Agreements
I am new to being a landlord and I am looking for some information on what all needs to be included in these forms. I have a pretty good idea based on research that I have done but I want to hear/see some ideas fr...
Ryan Rypel
Tenant with expired lease
What do you do if you bought a property with a tenant and their lease expires before they renew with the new owner?
Alvin Pereira
Loaning Funds to Your Own Business
Hi my BP Family!
I've been wondering how I can go about loaning funds to my own company as an "investor" although I'm also the owner. Essentially, as an individual I go get a personal loan. I loan the money out to m...