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I hear from some people to buy an LLC for each property you own and some have said to buy just 1 LLC and you're fine. I'm just curious as to what you guys think? My personal view is buy an LLC for each because if anyt...
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Hi,We’re starting our search for our first apartment (6-24 units). So far we have a couple SFH and a 4plex in Colorado. One of the SFH has over a 100k in equity tied up in it so the plan is to 1031 exchange that int...
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Hey BP's community
Me and my wife want to buy rental property.
We are looking for guidance on several things as well as potential partners, lenders, realtors etc.
First things first;
Qualifying for a loan.
We...
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Recently married couple, looking to buy a vacation home down the Jersey Shore that we would also offset the cost by renting out in the summer. Unfortunately the barrier for entry into a lower-end home is about $1 mil...
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Key Points:
-Network
-Education
-Find an Investor-Friendly Agent
-Find an Investor-Friendly Lender
Hello BP Community! A common forum post I often read is, "I am looking to house hack. Any advice?" With this ...
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Hello BP,
Between two properties I purchased 5 years ago, there is around $200k in equity. My rates are adjustable commercial setting to change mid 2024 then 2029 full refinance. Currently they sit at 4.5% and 4%. Th...
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Hi I learned that forming LLC is important for asset protection for rental properties. I already made LLC for my rental property But my CPA insists to get rid of LLC as it just adds more costs and doesn’t really prote...
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Good evening Biggerpockets!I'm seeking help to pull out money from a few properties I own.1)Theres no mortgage on this one property and both units are fully rented out.I want to take out as much as I can with a HELOC....
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For those that had SFRs and sold to buy a multi-family, when did you feel it was the right time to scale? I’ve considered selling a property later this year that has $240k in equity to buy a quadplex using a 1031 exch...
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Thanks in advance for reading. We are selling our condo and our accountant insists that we are not exempt from capital gains.
We purchased in March 2016 and lived in it 3.5 years until it was rented out for only 18 m...