All Forum Posts by: David Ning

Hi All

I am interested in purchasing my next multi-family in Indianapolis. I am willing to do a bit of rehab if my agent can recommend a reliable contractor out there as well as a property manager. I have done research in the area but have not purchased anything myself as I primarily invest in Detroit, MI and am looking to expand into other markets. Can anyone recommend an investor-friendly agent (bonus if they can also analyze deals)?

 Thanks David. That doesn't seem relevant to the question my wife posted originally in this thread but it is good to know a 203k is a possible option instead of a HELOC for a rehab.

Hi @Derek Young, 

We had a similar question for our CPA and he suggested to separate all personal expenses from investing expenses to avoid confusion when filing taxes. Our CPA recommended to set up an LLC with a business checking/savings account for all investment income/expenses.

Hi BP Community,

My husband and I bought a small home on a large lot and are looking to do a large renovation project and expand the size of the home (with plans to hopefully sell in the near future). What is the best way to get a pretty large amount of cash for a house flip? We have lived in our home for almost 4 years so have some equity in the home. Would a HELOC be a good option? If so, any lenders you would recommend?

Hi BP Community,

Does anyone have a "business coach" you would recommend for real estate investing, LLC/trust questions? My husband and I recently opened an LLC, only to find out that we are unable to transfer our properties (both with mortgages) to the LLC. Does anyone have any recommendations? How do you protect your real estate investments if you didn't initially purchase your property under your business?

Thanks everyone for the advice and replies.

Hi Bigger Pockets community! My husband (I'm using his BP account) and I are just starting out with real estate investing and have explored the option of purchasing out of state where prices are a bit cheaper than where we are (we're in the San Francisco Bay Area). We are also considering purchasing a few hours drive away (i.e. Fresno, CA). My husband is very handy so we may be able to save on property management fees if he were to need to do some handy work. What have you learned from investing remotely versus being closer by to your properties? Thanks a lot.