Jon Q.
READING LIST For Newbies
29 August 2017 | 1 reply
I suspect that most or all serious investors on BP have read a majority of these.
Lindsey Crawford
Everyones favorite subject TAXES!! I need some advice.
20 November 2017 | 5 replies
Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books) Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Also, you should get a good Insurance.
David Bellmont
Help with first REI deal
27 December 2017 | 5 replies
(How that's going to affect everyone's taxes is another question for another professional... especially in the Brave New World that just passed Congress. ) Otherwise, you've got $170K in a mattress or tied up in some investment that you can use, or you've got enough clout that some or all of that money can be lent to you as an unsecured loan...
Davey Wilde
What's holding you back in your real estate investing career?
30 June 2021 | 101 replies
I wouldn't say anything is holding me back, but I will say inadequate funds make the road a little longer.
Eli Unruh
Help finding financing
9 January 2018 | 2 replies
Have you considered renting out part or all of your house?
Nathan Gesner
What do you think of the forum categories?
27 December 2020 | 67 replies
:D Sometimes I have more success with going to Google and doing searches like "rehab budget site:biggerpockets.com"; Google has indexed most of the posts here, and searches like that use Google's keyword handling - you can search for exact phrases using quotes, avoid "or" searches, etc.I think the "advanced" search here on BP gives you more options - you can search a particular forum, or all posts from a particular author, or posts before or after a certain date, etc.
Jacob Seim
5-Year Plan: If you were in my shoes...
3 December 2019 | 14 replies
I have enough cash to buy a second which is where I'd like to start learning the BRRRR strategy so I can get back some (or all) of that cash for the 3rd property and so on.
Albert H.
Rehab or 1031 Exchange?
13 May 2019 | 6 replies
Start off with Google, but it may be worthwhile speaking with any or all of the following people:Financial planner - if appropriate, may be able to help plan on your short-term and long-term goalsGeneral contractor - will be able to provide an estimate of costs associated with rehab of your current propertyAccountant - may provide tax consequences for either rehab or 1031 exchange1031 exchange company - will detail the process of correctly performing a 1031 exchangeReal estate broker - will help you sell your current property and locate an appropriate replacementThat said, depending on the location and details of your property, it may be a good time to sell.
Michael Kay
Oakland California lending advice for 5 unit multifamily
28 February 2019 | 9 replies
Hi @Michael KaySome options for a property of that size could be:Seller financing with little money downObtain bank financing and ask the seller to carry part (or all) of the second (down payment)If it is a really good deal and you can actualize the upside potential really quickly you could go with a hard money loanIn a similar vein to the hard money loan, you could partner with another individual for the downpayment.Those are just a couple of ideas to get you started!
Nicholas Munford
BRRRR Method With Cash
1 July 2022 | 28 replies
Remember also if you are getting the properties at good prices you are getting a big chunk or all your investment back when you refinance.