Travis M.
Tax disadvantages for transferring rental properties to S.M. LLC?
Are there any tax disadvantages to transferring rental properties to a single-member LLC with disregarded status? In particular, would this have any adverse impact on the stepped up basis applied to properties inherit...
Patrick Diamond
Property used as commercial B&B. Can new owners get resi mrtg?
Hello BP:I have an interesting situation.8 years ago, a residential property was purchased by my client and converted to a bed & breakfast and has been functioning as one since.Client now wants to sell, and, due t...
Account Closed
Cares Act withdraw 100K
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
Jonah Wilson
IndyMac is infamous for "Liar Loans"
I have received the deed from a home in BeaverFalls PA. The home has a mortgage from 2005 represented as IndyMac. IndyMac has transferred to another bank in 2009 which was purchased by another bank in 2014. IndyMac is...
Jandy Stiff
Risk Adverse Turned Risk Taker
First post on the forums here so I figured a general discussion would be good. I am a naturally risk-adverse, perfection-oriented, control-oriented person and I'm sure there are others out there. I figure most of this...
Mark Braun
Impact to License
I know that license law and regulations vary from state to state but in general terms, they are all about the same (obviously there are at the national level) but I need some clarification. I am looking to consult wi...
Julia Havia
Flood factor - Is it a deal breaker?
Hey all,Has anyone ever flipped a house that appears to have a high flood factor due to proximity to a small river or such? I know the insurance might be higher (and I’ll check that aspect), but will it affect the ARV...
Justin S.
Unpermitted Work Completed
There is an REO I have under contract and still within my inspection period. I went down to city hall and discovered the additions on the home are unpermitted and violate setback rules. I cannot obtain variances sin...
Jordan Lagrassa
Spouse as a real estate agent.
Iv heard from some where before that as a real estate agent you have to disclose this when buying a property? Why is this, what kind of trouble can you get in with this, lastly do I have to disclose that my wife is an...
Alan Lafontaine
What to do with 401k
Hi BP Universe! I'm in my mid-50's and just starting out. I have a small 401k of around $20k. At this point in my life, I see little opportunity for big growth in that plan. My question is, would it be wise to close...