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4 July 2024 | 5 replies
Welcome to BiggerPockets communityIt is filled with resources and a plethora of knowledgeI wish you all the best in your real estate journey.Set up keyword alerts to be notified of the topics that interest you: https://www.biggerpockets.com/settings/alerts/new
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5 July 2024 | 12 replies
I am reading several books that seem to be popular/recommended - of course, I believe they were written by the creator of this website, so naturally they would be recommended by this website - and I am trying to decipher whether they are universal principles or things that worked at that particular time for that particular individual.As far as @Henry Clark 's suggestion that I narrow my focus to exactly what I can do now - I appreciate that perspective and will not bang my head against the wall about this topic.
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3 July 2024 | 2 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..
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5 July 2024 | 14 replies
Still trolling, but it's on-topic, so not really spamming/trolling.
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3 July 2024 | 2 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..
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3 July 2024 | 7 replies
Another great post here from @Luca Giani I forgot to include in above posthttps://www.biggerpockets.com/forums/48/topics/1198241-seeki...
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3 July 2024 | 4 replies
Some input on that subject here...https://www.biggerpockets.com/forums/22/topics/1197385-im-on...
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7 July 2024 | 89 replies
Isnt there a topic now about how an investor is crumbling over having their first tenant default?
2 July 2024 | 1 reply
I'm not in PA but if you're investing out of state, you should definitely check out David Greene's book on the topic: https://www.amazon.com/Long-Distance-Real-Estate-Investing-S...
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3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?