JR Mack
Graduating analysis paralysis
13 January 2025 | 11 replies
I'm looking into cities of central AR (LR, NLR, Benton/Bryant) Hot Springs area, and NW AR (Fayetteville, Rogers, Bentonville).If you don't mind me asking, what is it you like to offer new investors?
Ogonna Odo
Paying Contractors with a Credit Card
18 January 2025 | 8 replies
I avoid cash as it is a safety risk to have large amounts on hand.
Anthony Poulin
Starting a Long Term REI Business Starts Today! Lets go!!
22 January 2025 | 8 replies
Beyond real estate investing, BiggerPockets Money has great episodes on how to avoid the middle class trap with your investments - ie how to structure your investment best so that they're not all locked up in accounts with penalties until you're 65.
Jamie Parker
How are you analyzing Fix and Flips in 2025 (Mines Not Working)
1 February 2025 | 9 replies
We avoid lending to folks that don't really have their math/numbers together.
Andrew Cargal
Don't use The Mortgage Shop
6 February 2025 | 2 replies
And while it is not your job to be an expert loan officer, it certainly helps to avoid these situations.
Conor Neville
When to approve tenants?
22 January 2025 | 7 replies
When choosing tenants (I am in California), it's important to avoid even the appearance of discrimination, especially during in-person meetings.
Steven Nguyen
Advice needed--BRRR- SFH
21 January 2025 | 4 replies
Budget these carefully into your overall project plan to avoid surprises.Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.ARV: Be conservative on your ARV since the appraisal concerns one person’s opinion.
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.
Tyler Edens
House Hacking Budgeting
20 January 2025 | 4 replies
I am considering doing this with a 0% APR credit card to avoid a loan.
Johnny Lynum
Multifamily vs. Single-Family—What’s Your Take?
17 January 2025 | 20 replies
💪Flipping in C-D areas is smart for avoiding long-term headaches, especially when it's not worth the upkeep.