Welcome to Bigger Pockets !

Welcome to Bigger Pockets Joseph! 

It won’t make you rich overnight, but it will give you a full understanding of the process, so you can take what you’re missing and implement it in your business.The best way to steer your business is by seeing the bigger picture.There are tons of reputable programs out there, such as the following:(I’m not affiliated with any of these—just sharing for your convenience).Sean Terry's program- Flip2FreedomWholesaling INC - Various mentorsJerry Norton - Flip Mastery And like I said, many many many others...invest in understanding the bigger picture and it can connect you to succeeding on your own terms

Hi I’m new to the Bigger Pockets forum and I had a question.

@Adolphus Fletcher For multifamily investing, most real estate investors typically use an LLC for several reasons:Liability Protection: LLCs protect your personal assets from lawsuits or debts associated with the property.Pass-Through Taxation: Income and losses from an LLC pass through to your personal tax return, avoiding double taxation seen in C-Corps.Flexibility: LLCs allow for flexible management structures and are easier to maintain than corporations.Anonymity: In some states, LLCs can offer a degree of anonymity if you use a registered agent and form the LLC in a state that doesn’t require public disclosure of members, such as Delaware or Wyoming.S-Corps are should be avoided for real estate investing because of various reasons.

Rawle Welcome to Bigger Pockets!!

Is there even any benefit to that if all the activity is line 2 rental re income/loss on the K-1?

Hello All not new to bigger pockets or  the real estate business took a little break to build a solid foundation and to pursue my real estate license for Florida as well and to learn the in's and outs of the business.

Reminds me of the scene from the big short with the stripper who has five properties and swimming in debt.The other factor is how much do you have in reserves, do they cash flow and could you afford a job loss?

Hello everyone, My name is Alex Sadchikov and I’m excited to discover more about real estate and the Bigger Pockets community.