Wade Chilcoat
Obtaining "Real Estate Professional Status" as Consultant?
Hi everyone,My wife and I currently live in South Korea and plan on moving back to the USA in early 2019. Right now we own 9 turnkey SFH's and plan on having 24 by the end of the year, maxing out our 20 Fannie Mae all...
Breahna Downer
Inherited Tenant Concerns
I’m in the process of buying a triplex with two inherited tenants. One is by all indication an A+ tenant who’s been there 4 years and cares about the property. The other tenant is a concern and I’m trying to decide th...
Megan Thomson
Potential Section 8 Tenant
I just listed our first house for rent and I had a potential tenant contact me to ask if we take section 8 housing. My first thought is no, however I don't want to discriminate against anyone. We live in Michigan - I'...
Michael W.
Liable for leasing agent commission?
I have a vacant unit in a strip mall that I'm trying to lease out. A prospective tenant contacted me, however he couldn't provide proof of sufficient income, so I declined.A couple of weeks later, a leasing agent cont...
Robert B.
Opening Self Directed Retirement Account
Welcome Everyone,I'm a new BP member and a novice Real Estate investor. I'm determined to move my IRA funds from traditional to self directed accounts. I was hoping fellow members of this forum would be able to help m...
Jose Ortega
Foreign Investors in the U.S.
Good BP,What tax percentage on the ROI will have to be paid by a foreign investor that will like to invest money in my company to buy multifamily apartments buildings here in the U.S.Basically what I'm trying to f...
Zachary T.
If rental income doesn’t cover expenses
Is it considered bad if the rental income doesn’t cover the expenses? For example paying a certain amount of money per month out of pocket to cover expenses. Or does it not matter because of the appreciation of the ho...
Collin Bryston Adams
Would you allow tenants to pay rent via Zelle?
I’ve started allowed one of my tenants to pay rent via Zelle.It’s basically a direct deposit. If it matters she is also a section 8 tenant and only pays $150 of the $1200 rent.
Tyler Clearman
Tax Benefits of a LLC
What are the tax benefits of having my company own the property instead of me owning it? How can a LLC save me money on taxes?
Elizabeth Zelaya
LLC? Please help!
Hi! I'm just starting out and recognize the importance of an LLC. Should I pay a tax professional to help me setup my first LLC, should I just do it myself (the form seems easy enough), or should I pay for online serv...