Russ Sandifer
IRA LLC as owner in MMLLC | % Ownership | Taxes | IRS Rules
I have a duplex rental under contract. I plan to close in two weeks. I am set to purchase the duplex outright with my SDIRA. My current custodian is prepared to wire the funds. If time allows, I'd like to create a Che...
Jimmy Wen
Is it necessary to set up separate bank accounts?
Hi all,After a year of studying and hesitation (I will admit that), I finally pulled the trigger and got a duplex under contract! This will be my very first investment property!Here is a quick question: do you create ...
Shannon McKenna
Where to Focus First: the Deal Chicken or Funding Egg?
I need a bit of direction. I am a little newbie searching for my first deal, which will also be my first ever real estate purchase... a place I can "house hack" as I build up income for my second deal. I am looking f...
Kirsten Braddock
Seller Financing Structure
I have an opportunity to purchase a property from another investor with seller financing. Im new to investing and this would be my first seller financed purchase. Im looking for some guidance and suggestions on the be...
Kendall Norfork
My wife and I are partners!
I see a few husband and wife teams out there and that is great. Today marks two years that my wife has joined the company. And it is going well. She actually closing deals on her own. I think I have created a monster...
Joi GIlliam
Finding wholesale leads
Hi. I'm new to wholesale real estate and I wanted to know what some of the more experienced people thought about generating leads for sellers. Some suggested bandit signs, others just buy lead lists and do a direct ma...
Jay Scott
$700k equity 2.7% what to do... Not a real estate guy!
My wife and I own a 5 bed, 4ba 3200sqft on 1 acre in suburbs east of Seattle, bought 2013 for $385k. Refinanced in 2019 at 2.7 with some cash out, house appraised for 1.1 mil at that time, we owe $350k. This is our on...
Trent V.
weighing property management
I am about to close on my second house. This means my first house will become my first official rental. I am a little underwhelmed with my knowledge of what I want out of a property manager. I know I definitely want a...
Jacob Murry
Purpose of an LLC on multi-family
Hey Everyone, I have a pretty general question about LLC's. I've read several articles weighing the pro's and con's but I'd love to see BP members thoughts on these questions. I've been advised to open an LLC for each...
Amber Linthakhan
What to do BEFORE sending out mailers
There is so many posts on mailer how tos. But what do you do PRIOR to getting your lists and putting in the mail. What systems do you have set up?Do you get preapproval for funding first?Etc....