Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
Andrew S. Wholesalers: please follow up on your leads!
28 August 2024 | 16 replies
Well Andrew I'm a wholesaler and if I had properties in your area you be the first one is call because I never leave a lead alone until they tell me to goto you know where, or the sell me their house.
Rajagopalarao Paidi Any recommendation on forming out of state LLC or Home State LLC
26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.
Erick Armando Gonzalez Licensed Real Estate Agent in San Diego Looking to Connect with House Flippers & Who
23 August 2024 | 1 reply
Hi everyone,I'm a licensed real estate agent based in the San Diego area, and I'm diving deeper into the world of real estate investing, specifically house flipping and wholesaling.
Lara Taylor Wants 10k wired or cashier check before able to draw up docs?
27 August 2024 | 21 replies
Without a formal term sheet setting forth every detail of the loan, makes it appear as a fraud.  
Kevin Duong Exit strategy for house hacking with cash out refi or other methods?
23 August 2024 | 7 replies
Hi community,As I think about the exit strategy for going from one house hack to the next, I have realized that it would be difficult to cash out refinance and buy the next house with a minimum down payment from a primary resident loan.
Nicholas Henry Taking name off the deed, keeping it on the mortgage - ruin my credit?
26 August 2024 | 9 replies
I bought a house with my ex, and after a few years, we split up (on good terms).
Joehn B. Texas HOA foreclosure risks?
27 August 2024 | 4 replies
However these are probably not move in ready, so you might have to do renovations and you don't recover that.HOA liens are risky and you likely get wiped out at some point.I'd say mitigate your risk by NOT buying condo foreclosures, but neighborhood HOA foreclosures where the HOA dues are more like 400-$600/year, so maybe you pick these up for $1500 and live in a $300,000-$400,000 house for a year rent free. 
Luke Okane rent by the room
23 August 2024 | 29 replies
We ended up setting our first room a bit higher than we expected, then just lowered the rent every week until we started getting a lot of bites.
James S. Construction loan/investment friendly lenders
27 August 2024 | 9 replies
It's really stupid but but most banks consider the following to be rural: over 5 acres, if it has an unimproved road to get to the house, if it has a barn or horse stables, if population of town is under 20,000 (population density varies by lender).
Bradley Gasparovich Tenant Screening Criteria
27 August 2024 | 1 reply
Is it more to protect me against fair housing