J Shoe
LLC or Trust?
10 May 2024 | 6 replies
@J Shoe I will start by saying consult with a personal attorney and CPA (and have them work together.)Typically people buy in an LLC just to keep their name off the record and for asset protection and operation agreements.As a sole investor a lot of people will buy in their personal name so they can more easily obtain quality financing, and then move the asset into the LLC.A lot of people of California use trusts (DSTs) to hold the asset, so they are not contributing to the problem of over taxation in CA, as CA has a franchise filing fee of $800 every year for each LLC.Just some things to think about, but find the professionals that can tailor a system for you personally.Cheers
Tyreek King-El
HELP! Nasty eviction and Tenants Identity Never Existed.
10 May 2024 | 6 replies
I went through her Facebook, and turns out she runs a CPN business (credit profile number, for those who may not be familiar... people use fake names and SSNs, and credit profiles enroute to obtaining housing, cars, credit cards, etc.).I'm very bummed because I was gathering contractor quotes to have these damages added as judgements that could be garnished from her paycheck by the state, and now we've hit a dead end.
Davie White
Getting to Know Folks
10 May 2024 | 1 reply
Becoming a part of this community has certainly piqued interest and I look forward to meeting positive people in an environment where we share the common desire to be successful in the Real Estate Industry
Erias Wright
New to the game
10 May 2024 | 5 replies
Tons of great people and information here in the BP community!
Malik K.
Point Breeze/Gray’s Ferry vs Port Richmond
10 May 2024 | 3 replies
A little secret not many people know about is the crazy Section 8 rents you are able to get in 19146, while market rent may be 1500-1800/month, Section 8 rent is up to $2580/month for 2 beds and $3120 for 3 beds.
Aichi Lu
Finding a Handyman
10 May 2024 | 4 replies
Referrals are my ideal source, but sometimes people can be hesitant about sharing their best vendor with you for fear you'll steal their vendor's attention away from them.
Jean G.
Wrapping / subject-to USDA loan
10 May 2024 | 5 replies
I'm sure I can find a different title company that will insure if needed.I am looking for feedback from people that buy a lot of subject-to properties.
Eric B.
Is Tax Sale Resources a Good Choice?
11 May 2024 | 15 replies
A few people have contacted me and asked me what I would want in software for tax lien investing.
J Corona
Cash out refi rental then sell. Taxes owe?
11 May 2024 | 14 replies
Short of Dave, it appears most people missed the question in your post.
Corazon B.
The Best Rental Property Calculator?
10 May 2024 | 7 replies
Scott, I would HIGHLY recommend going some details and running some examples through it so people can make an informed decision on which one to use.