Paul Lucenti
Maximizing monthly cash flow per unit
28 January 2025 | 27 replies
I've heard very mixed opinions so really unsure about them but definitely interested.
Melanie P.
WARNING - Justin Goodin is Operating as Goodin Development
23 January 2025 | 30 replies
For me, what was talked about above is nowhere near close enough for me to judge or provide an opinion on someone as just because someone changes their name (we have done it several times for different entities) or someone could be co-gp or LP in a deal but not in the limelight) does not immediately set off my radar of "omg this person is not legit or a scam artist".
Janine Sharma
1099 or W2 for onsite MHP property manager?
12 January 2025 | 7 replies
Lastly and then I will stop rambling... and this is just my opinion.
Dalton Foote
Value Add MultiFamily
13 January 2025 | 21 replies
Hey @Dalton Foote - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Andrew Schaff
Hello BiggerPockets! New PRO here
14 January 2025 | 7 replies
In my opinion, long term rentals is the "easiest" to get started on your investing journey.
Dave Allen
If you magically had 100,000 to invest...
15 January 2025 | 24 replies
I have upgraded my opinion from neutral to heavily leaning bearish.
Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence.
Llamier Guzman
Newbie Here (Duplex/Sfh)
10 January 2025 | 23 replies
I'm all ears and willing to learn and listen to opinions!
Daniel Grantz
Best markets for cash flow
31 January 2025 | 13 replies
Definitely worth looking into in my opinion.