
13 March 2024 | 17 replies
It's not very hard for someone to search and find that you as an individual quit claimed into an LLC, so it's super easy to figure out that it's you who is the owner.

13 March 2024 | 10 replies
if the property is $100K and the rehab is $60K you'll need 10-15% down plus closing costs plus holding costs - conservatively 16-24K + 5-10K + 6-12K = 30-45K at leastand you don't want that to be all your savings... so you'd need separate savings and emergency funds - i'd want 25-50K depending on situation, lifestyle, etc.so 50-100K i guessbut that's just a horseshoes and hand grenade estimatethese types of questions are hard because we don't know much about you or your financial situation

13 March 2024 | 14 replies
The individual or organisation in charge of accepting legal papers on behalf of the LLC is known as the registered agent.

13 March 2024 | 2 replies
My work with group homes, in particular, has shown me the powerful combination of investment success and meaningful social contribution.My decision to join BiggerPockets was driven by a deep desire to connect with individuals who share my passion for real estate.
13 March 2024 | 4 replies
These studies have enabled me to take advantage of accelerated depreciation, significantly reducing my tax liability and improving my financial position.

14 March 2024 | 11 replies
Bottom line: virtually always, sellers are better off working with licensed real estate professionals in their state than unlicensed individuals or companies.

13 March 2024 | 8 replies
@Phil AveryConsidering your financial situation and the current market conditions, each of the options you're contemplating has its own merits.Given your inclination to begin with a significant amount of equity, option 1 may be a good fit for your objectives.

13 March 2024 | 7 replies
I think they should always be in a strong financial position, but they should also be contributing at least some of the money.
13 March 2024 | 3 replies
My concerns and focus in this phase of my life is long-term financial planning - retirement etc (46).I dont have any retirement savings except my job offers a State Pension and I own 2 single family houses.

13 March 2024 | 5 replies
It should not be considered financial, tax, or legal advice.