Tim Cook
Beak even in sfh rentals
Is it okay to invest in single family LTR deals that break even? (Rent pays all your mortgage and expenses). I’m investing in newer constructions in a class A/B area and with current rates I can only collect rent to ...
Jon McCracken
Creating a corporation for tax purposes
How feasible is it to sell my house and 2 rental properties to a corporation i create with my wife and kids as board members? I would then rent my home and pay rent to the Corp. Then pay myself or wife with any prof...
John Richardson
Who pays certain expenses?
How do you determine what expenses the tenant pays and what expenses the owner of the property pays?
John Deer
Paying expenses during vacancies
Hi all,I’m new to posting at BP but definitely interested in learning as much as possible. With that in mind I purchased a SFR last year for 150k and was able to get a 2 year lease at 2k/ mo. I have a property managem...
Account Closed
How to pay for medical expenses from HSA
I'm thinking about self directing my HSA...How are ya'll paying for qualifying medical expenses out of your HSA? It seems like I'll need to request a check at a 10 dollar fee (just like an SDIRA), if I want to pay...
Misty Wood
Building Homes - Separate LLC?
I am going to be building 3-5 spec homes to sell. Do you recommend getting an LLC for each one? If yes, do I need to setup up separate bank accounts for each one and make sure I am using the correct checking account...
Julian Riezgo
Moving to another House Hack
I heard on a YouTube video that in order for you to move out of your 1st house hack after you've lived in it for a year, you need to have 25% equity in the house for you to move on to another house hack. Is this true?...
Steve J.
Why typically pays these expenses?
Hello BP!I am planning on making my first offer for a duplex which I will house hack, and am curious to hear from your experience who usually pays the following expenses (landlord or tenant). I am running my numbers, ...
Jay G.
How to pay expenses / renovate home owned by self directed IRA?
... if the IRA runs out of funds to cover those expenses or pay for required repairs, etc. Example:IRA starting: $200,000Purchase property: $180,000IRA remaining: $20,000Repairs needed before being able to rent/lease ...
Chris Lucas
Using LLC Accounts to Pay Expenses for Properties in my name
Hi, everyone!I just got my LLC set up and would like to start using a bank account / credit card owned by the LLC to pay for the expenses (mortgage, repairs, etc.) on properties currently in my name. My thought is to ...