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21 January 2024 | 30 replies
If you agree, would you benefit from a product that permits self-management and incorporates local vendors and relationships that make management easier?
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9 February 2024 | 2 replies
Several years later, our incorporation and utilization of a new SFR software, Appfolio, would prove to be a game changer for us, assuming positive control of residency from inception.Every resident came with a story, and our bleeding hearts consistently led us astray, so we formed leasing guidelines.
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4 April 2023 | 140 replies
February 23, 2022 | March 30th, 2022 | April 27th 2022 | May 25th, 2022 | June 29th, 2022 | July 27th, 2022If anyone has any suggestions on the meetup, on topics, and locations other than Gyromania, let me or @Will Barnard know and we will incorporate!
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29 November 2018 | 50 replies
The investor couldn't care less about incorporation costs since it's irrelevant --- even if the lawyers charged $10k per formation, it would be less than 0.1% of the deal size.
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9 January 2024 | 9 replies
@Aahil B this is a common question and a good one :) The answer is it depends and it may not be your choice.Generally, buying through your personal name can reduce the interest rate - commercial rates on LLC mortgages are usually higher but you can research thisMost LLCs on incorporation don’t have any credit so it may be difficult to find.a lenderIf you own the property in your personal name you are exposing yourself to more risk and will want to transfer the property into LLC as soon as you canIf you own property in your personal name and transfer to LLC the lender may not allow or can call the entire loanLLC or personal you need insuranceOne solution to the above is to buy the property in your personal name and immediately transfer it to the LLC after closing, but you will need to get pre-approval from the lender before you buy a property and plan to do this since not all of them allow this.
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8 February 2024 | 3 replies
Could you simply have a desk and chair in the living room without creating a separate office?
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14 January 2024 | 80 replies
The big builder/developers are operating from a throttled inventory production model, so all these arm-chair quarterbacks saying builders will flood inventory are guessing opposite of reality.
3 February 2024 | 4 replies
Hello Biggerpockets Family, Need help with two things:I need recommendations for a reputable firm that can perform a cost segregation for a STR investment in Fairfield County Connecticut.Concerning the passive activity rules exemption requirements related to the STR Loophole, what are examples of “extraordinary personal services” I can incorporate within the business in hopes of converting from STR to MTR (midterm rental) while still qualifying for the STR loophole?
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4 June 2023 | 12 replies
Invest in the high use pieces (dining room table, sofa, bed, etc.) while you can go cheaper / used on the smaller items like end tables, accent chairs, and the like.
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28 December 2023 | 3 replies
Although, after 3 deals, it's better to get an LLC or if you would like change your current LLC to incorporate Real Estate Wholesaling.