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6 December 2019 | 3 replies
A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.
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13 August 2015 | 8 replies
Essentially, by doing this, setting up an LLC offers you no protection if the corporate veil can be pierced easily.While it's a hassle, keep LLC expenses in the LLC.
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13 August 2015 | 9 replies
I submitted my original offer on and AIR form and received pushback from the listing broker.They didn't have an issue with us representing our sleeves but did request we resubmit the offer on the commercial CAR form.After multiple email exchanges I picked up the phone and essentially told them the buyer, and entity I control, had made an offer on the form of their choice and it was within the scope of their fiduciary duty to present that offer to the seller, in this case a local bank.I was told they could only work on CAR forms because it was a mandate from their principal broker, and "require by their E&O insurance carrier".I simply informed them that their broker did not have the option to mandate the type of offer a buyer could make, and E&O insurance doesn't cover contract type rather it covers professional conduct.Reluctantly they submitted to the bank.
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13 August 2015 | 0 replies
Because trillions of Dollars in financial products, investments, mortgages, etc. are linked to the LIBOR benchmark rate, this is a huge infraction and is almost cartel-like in its very nature.
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19 January 2017 | 13 replies
If you bring that side of things to the deal with a quality product at reasonable prices, there will be investors lining up to partner up with you on a JV, me included.
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31 July 2018 | 11 replies
In this you would be wise to work with your accountant to use documentation to memorialize your intent to "hold the property for productive use in business trade or for investment".
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16 August 2015 | 2 replies
They have a new single property product where you can get a 7%ish 30 year fixed rate, however the last time I spoke to them, that product wasn't fully released for Nevada yet, but you should check with them to see where they're at...Jean
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16 January 2016 | 14 replies
So I did the 2nd interview a little over a week ago and the owner called me a couple days ago to set up a ride along which essentially is a 3rd interview I guess?
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24 August 2015 | 31 replies
They are essentially wholesalers of retail inventory at retail prices.
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16 August 2015 | 9 replies
Lived in one bedroom, rented out the other 4, allowing him to essentially live rent free.