Sidney Johnson
Dilemma deciding if this is a good deal or not!
Hello BP community! I'm stuck in a dilemma trying to decide if this is a good deal or not, and should I go through with the purchase.I came across a property that is for sale for 50K, the city has it accessed at $46,5...
Dan Vleck
why pay assessments
I bought a house with two lots. The sale price was low due to $25,000 in assessments. The lot next to the house is smaller, but has $19,0000 of the total assessments for street and sewer. Reason is the previous owner ...
Alex U.
Umbrella Insurance vs Wyoming Holding company holding California LLC
For your buy and hold properties, to my knowledge there are 2 predominant strategies.1. Keep properties in your name or in a trust, get $1M worth of liability insurance for a few hundred dollars and rent out the units...
Mrinal A.
Asset protection setup prior to first investment
Hi all, I wanted to get some opinions regarding this topic. Asset protection is obviously important for everyone. I'm a physician and so exposed to more liability than the average corporate job. Given this scenario, d...
Brian Barcelona
Property manager/ real estate agent. 1st time buyer
So check it out guys. IKI'm 23 yo and I've been saving and saving and working/working to try and save enough to qualify for an FHA in order to purchase a home. I make 45k annually and I have around 20k saved u. I rece...
Luke Holmes
Using your RE business to write off a home office in your taxes.
Hello everybody. I'm a new investor and I've recently become very interested in the small tax write offs that I can begin taking advantage of to refine my strategy on taxes. One such strategy can be claiming a home of...
Mel-Drick Green
Starting Our Buy & Hold Portfolio
Looking to start a buy and hold portfolio of single family rentals in the Fort Worth, TX area (Saginaw/Benbrook/Burleson/Crowley). Me and my fiancé are wanting to try and purchase new construction homes in class A to ...
Account Closed
401K or Not?
Hello all.....
I'm just about to buy my second multifamily property and one of the advices that my uncle gave me was to max out my 401k. Now, don't get me wrong, he owns a franchise and also has about four rental pro...
Gerrit Stukkie
Lease Option vs Buy Hold Analysis
I have a newbie question.What differences are there in analyzing a lease option property versus combining buy and hold analysis with a flip analysis?I want to have LO as an exit strategy along with Flip and Hold.I kno...
William Infantes
"Due on sale" in NJ?
I've been reading about creative financing options like "rent to own", and "subject to" and could see that there are a lot benefits in using those strategies. My concern is the the "due on sale" clause being executed...