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I'd like to use my IRA account to invest in RE. What is the best way to do this without liquidating my IRA? I'd like to use the money without actually withdrawing it to avoid paying income tax on the withdrawal. What ...
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Afternoon BiggerPockets Tribe! I have a 38 unit mini-storage building under contract. It is a one 2800 sq ft building facility (built in 2004) on approx. 1 acre of land. With the opportunity to build more buildings an...
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Hi all,
We have 2 properties on the market and will have a 3rd listed soon. When we get an offer, we want to make sure the buyer is qualified before we accept the offer and officially put the property under c...
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I made an offer on a foreclosed property recently. After several days, there was a reduction in the price by $8,000 on the MLS. The next day they accepted my offer which was over the asking price! What does this mean?...
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I purchased a SFR property years ago and I financed it under my personal name. I then transferred the deed to my LLC. My CPA advised me to transfer it back to my name and not leave it in the LLC. His reason was that I...
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Hi! I am new to real estate investing and own a co-op in Brooklyn, New York. I am currently saving to buy a second property. I'm wondering if it makes sense to finance this second property with a new mortgage or a hom...
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First, I initially came to this forum with so many questions I wanted to ask. Man, this is probably the first forum I've visited where a lot of the answers were already here! It's absolutely wonderful. Thank you. I do...
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Can someone please explain why it is better to form an LLC rather than Incorporating when starting a real estate investing business?
Thank you.
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Forming partnership of 7-10 people...(closer to 6-7)So a few colleagues of mine are interested in pooling money every month to form a buy-&-hold rental company that would buy rental properties every few months. Th...
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We own four rental properties in central Florida and have had some conflicting views on how to protect them via an LLC. Initially we were going to get a separate one for each, but then a well-known real estate investm...