25 May 2018 | 6 replies
They are far too labour intensive and time consuming to hold for what is basically low returns per door.

25 May 2018 | 8 replies
The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.

25 May 2018 | 8 replies
My personal formula for critical mass is: My lifestyle overhead (variable for everyone) + 1 SFH deal per month = Critical MassThis basically means, if I can cover all my expenses and planned expenses in life & have the OPTION to buy 1 SFH home per month, I would consider that critical mass for myself.What is your personal formula?

28 June 2018 | 26 replies
So basically there's a 50/50 chance that the price today that seems expensive may actually seem cheap after the next recession.

29 May 2018 | 12 replies
Your 401k basically becomes the bank.

6 June 2018 | 6 replies
I'm not an attorney but my understanding is yes, you can definitely do that, and I believe things like that happen every day.While I can see some possibilities for why someone would want to set things up that way, I do have the instinctual thought that it might be over complicating things.Technically the second LLC is another layer of asset protection, and maybe you have a very specific entity structure setup for taxes which would make it beneficial to do it that way (an LLC inside an LLC), but it's worth asking the question of whether these is much difference, or much more protection, than just having you (presumably a Mass. resident) be the member of the RI partnership LLC straight-out rather than having your MA LLC be the member.Also, depending on what else you have going on in your MA LLC it may be a disadvantage to have it be a member of the RI LLC from an asset protection perspective - if someone were to be able to pierce the veil of the RI LLC then everything in your MA LLC would be at risk.If you do go with the MA LLC as a member of the RI LLC, when you go to sell the property you'll have non-resident withholding - but you'd have that if you personally were the member of the RI LLC as well.You'll also need to be careful how you sign anything relating to the RI LLC - you'd have to be careful not to sign as member of the RI LLC but as member of your MA LLC, member of the RI LLC.

26 May 2018 | 2 replies
That's why I started the discussion in 'Goals, Business Plans & Entities' thinking it would just be a general area for entity questions.I am fairly new on BiggerPockets, but I can see why you assumed that when this website is basically just for anything real estate related.Nonetheless, really useful informationThanks,Anthony

26 May 2018 | 0 replies
Looking for everything from basic framing to electrical to finish carpentry.

29 May 2018 | 2 replies
Basically looking for properties to BRRR. https://www.redfin.com/TX/Houston/5503-Elm-Tree-Dr...https://www.redfin.com/TX/Houston/4227-S-Acres-Dr-...The two links above are two properties that are similar to many properties i see often.

29 May 2018 | 8 replies
Your agent should have been able to get this information for you, but it's pretty basic:1.