Joe DeLuca
Septic Install - Deductions/depreciation
Good Morning everyone,So, here's the scoop, I'll be closing on a triplex (first deal, house hack, Hunterdon Co. NJ) within the next month. We are replacing the old (really old) septic system via a FHA 203K loan after ...
Steve Rogers
Question about back property taxes after quitclaim deed transfer
Chicago IL, Cook CountyIn mid 2015, a property was quit claimed to me, it was recorded on 2/10/2017 according to the recorder of deeds websiteIn December of 2017, I paid a lawyer to quit claim the property to my bro...
Chatree C.
Setting up Solo 401K Plan as an employee
I have a side online business, self-employed, and my CPA suggested that I should open solo 401k with that business and move my SDIRA funds into this Solo K account since it's got better tax treatment around UBIT.I con...
Ryan Urban
Software for Small Operation
Can anyone recommend a basic property management software program for a relatively small, home-based operation? I keep finding programs that seem to be set up for larger apartment buildings and employee-based propert...
Account Closed
Is a new lease needed? - I'm taking over properties w/ tenants
I'm set to close soon on properties with tenants. I've been provided by the seller what appears to be solid leases.What're some best practices in this type of transition? Does my new lease with my company's info have ...
Timothy Yen
Self Directed IRA recommendation
I have over $150k in 3 retirement accounts from work (2 x 401k , 1x 403b)Can anyone in the BP Family recommend a great SDIRA? I’m located in NY (Long Island) and would be great if it’s local but not necessary.Thanks ...
Tomasz Kaminski
Real estate and retirement
I currently have (1) duplex that i'm house hacking in, collecting about half the mortgage as payment and covering the other half with my day job income. I'm also putting away money into 401k (roth) from my job as it's...
Nicholas Morgan
First Property - LLC for Property Management?
Hi everyone, I am closing on my first rental property in 3 weeks. I am purchasing it with a standard bank loan in my own name. There is an existing tenant who's been there for 8 years. Buying the property from a frien...
Keith Schulz
Helping Tenant Improve Credit
Hi,
I have a former tenant that would like to buy a house. Currently this person has almost no credit history. He has never had a credit card and has never had a loan. He had a couple of outstanding gas and electri...
Kelly Bankes
Real Estate in the Future.....
I read a couple of interesting articles this evening and thought I would share. It's interesting to think about the new real estate market trends, niches, and possibilities of the future. Even in the last few years ...