Jonty R.
tax question /foreign person / local partner
Hi. I am planning to buy a condo with my friend and have couple of tax related questions. I am a foreign national living abroad. we are buying a condo for $500,000 with 20% downpayment and a mortgage which will be in ...
Stephen McCracken
Cashout Refi on Relative's House to House Flip & Tax Ramification
Hey Guys,Just got off the phone with my CPA (out in California)... relocated to Denver a few months ago.I recently refinanced a retired relative's home (I was named co-borrower hence now on Title as joint tenant)My qu...
Susan Grinde
What kind of deal would you do?
I recently purchased a home (with cash) next to a college campus to use as a rental. I inherited the tenants that have been there for four years. It is actually used by the students as a meeting place for their religi...
Dan Quirk
Zoning Issues with First Real Estate Deal
Hello All,
I am looking to close on my first real estate deal. I am currently approved for an FHA loan and buying a triplex. I am running into an issue with the zoning. The place currently has three separate dwelling...
Tom Roberts
Tenant Holdover - Billing in Arrears
Longtime lurker, first time poster. I appreciate all the great contributions many have made to this site, which has assisted me greatly in the past.I have a commercial tenant whose lease ended June 2021. Due to Covid ...
Michael Healy
Funding with IRA? I’m 39.
I have recently signed a purchase agreement for a single family rental property. I own three others currently Al with decent equity. Should rent for $2000 a month. Right now it appears my best option for the 25% down ...
Calvin Schmeling
How to have my wholesale llc taxed
I currently have two LLCs. I have my Wyoming holding company and that owns my wholesale LLC that's owned by me and my partner. How do I have them filed as? I am new to the LLC world and I hear a bunch of different thi...
Deirdre Renick
Greetings from Germany / newbie investor
Hello BP Community
My name is Deirdre Renick and I am currently in Ansbach, Germany. My husband is in the US Army and we have been in Germany for 2.5 years. We started our journey with financial independence when we ...
Ryan McCook
share ownership with sister on one property only
Here's my scenario:I financed 4 properties with 1 loan to take advantage of some better pricing. One of the properties was co-owned by me and my sister, the other 3 properties I owned solely in my own LLC.Is there a w...
Michael Douglas Christensen
Basement house hack viable in TN?
Hey BP. I recently moved to Nashville for work and purchased a home with an unfinished basement. The initial plan was to finish the basement and rent it out as a sort of house hack while we live on the main floor. How...