Account Closed
Riskier -- spec build or high end flip?
Why do people consider spec building to be riskier than high end flipping? Simply because there are more steps, more upfront risk with city approvals, or is there something else? Or is it simply that with a flip you...
Jane Wu
Help analyze this storage unit purchase
Small town, but It is 35 mins to major city downtown.
An operating 47-unit self-storage and 13 RV spaces. Current 4 vacant storage. They charge $30 for RV parking, 4-7$/sf for storage units. This storage business st...
Kumar Paj
Attorney & CPA recommendation- Chicago (Western Suburbs)
Hello BP.....I am reading a lot about Series LLC and plan to put all my rentals under Series LLC. I talked to my attorney and CPA but they seem to less/not familiar with the concept of Series LLC. I know, it is easy t...
Chase Cline
Landlord Won't Return Deposit San Diego, CA
We rented a vacation rental property in the Ocean Beach neighborhood of San Diego from 1/16/16 - 4/16/16. We paid a $2,500 deposit and $2,500/month for a total of $10,000. Upon departure, we went through a walk-thro...
Stephen Lynch
Bought in 2021, rehab in 2022. Tax handling?
Hello,I purchased a duplex in November of 2021, we've made some small repairs but it was mostly about getting the tenants out so we could start the rehab (scheduled for January). For 2021, I know it would be pretty ea...
Rusty McGeehan
Tiered LLC vs LLC/Revocable Trust (Liability or Identity Issues)
I reside in California and am organizing myself to invest out of state. I have several markets in mind, but I have not decided which state I will be investing in. I plan to create one or more LLC's in the investment...
Brandon Turner
Colleague Chat is now LIVE for BiggerPockets PRO Users (Coming soon for everyone else)
Hey Pro members, Just wanted to let you know what you might have already noticed... you now have the ability to CHAT with other BiggerPockets Members who are your colleagues! Yep, just take a look at the bottom right ...
Walter Correia
Real Estate Tokenization
I would love to see Bigger Pockets go Ape Shit over tokenization of Real Estate. Add one thing that real estate tokenization brings. Ready…set…go!
Hyeseong Park
No prepayment penalty vs 3 yrs vs 5 yrs for current market
What is the best option for prepayment penalty you think these days if I want to go with DSCR loans?I assume that there is a big chance that the rate can drop a bit more due to elections at the end of next year so gov...
Jasen Pyles
Avoiding penalties Cashing out My 401K
When I quit my job I'm going to cash out my 401k. Is there anyway that I can avoid the penalties if I am going to invest it into an investment property? what percentage is the norm when cashing in your 401k?