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4 February 2025 | 1 reply
There was even one exceptionally kind Bigger Pockets member that seemed to know a lot about health and physical activity that we even chatted on the phone afterwards and he gave me some good pointers.
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4 February 2025 | 1 reply
The best setups have:5-11 members (ideally 6-8).1 bedroom per member.1 bathroom for every 3 members.Look for properties with these specs:6-8 bedrooms.2-4 bathrooms.Ample parking (street or otherwise).Detached houses fit this formula beautifully, but other property types can work too.
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1 February 2025 | 2 replies
@Kwanza P.Here you can learn more about non-recourse loans:https://www.biggerpockets.com/member-blogs/2810/46115-real-e...Here is a list of lenders offering non-recourse financing to Solo 401k:https://www.biggerpockets.com/member-blogs/2810/50272-list-o...You protect your property by purchasing insurance.
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8 February 2025 | 12 replies
@Toby FellowsYou are correct, you need to ‘hang’ your license under a broker in order to practice real estate, and most brokerages require you to become a member of the National Association of Realtors as well.While you are preparing and taking your courses, contact several brokers and interview them to find out who might be a good fit.
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31 January 2025 | 8 replies
WE have also added a member's only mastermind
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8 February 2025 | 7 replies
Ryan, If you're a BiggerPockets Pro member, consider using RentRedi or Stessa for property management.
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4 February 2025 | 9 replies
Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim.
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26 February 2025 | 4 replies
I've helped a couple dozen other BP members purchase and sell units in these communities.Happy to have a call to go over any specific questions you might have.
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1 February 2025 | 0 replies
We affirmed the absolute rights, set forth in your State’s LLC Law, for ANY Member to request copies of the three most recent years Federal and State tax returns issued by the LLC.
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7 February 2025 | 6 replies
We are a not for profit member community that has tons of networking events, educational seminars and vendors to help you in any journey you find yourself attracted to.