Hello, thank you all for reading this. I am currently poking at purchasing a property with the intention of starting up a sober living home. I would like to get some input on things to expect with this business model ...
Sudden life changes, the purchase of a new home, a job relocation, and other life events can make renting your home an option. Before you decide to rent your primary home, consider several things first. Expenses: ...
Hey BiggerPockets Nation! How should I structure an LLC for tax considerations? It sounds to me that an S-LLC might be the best option. Also, It is correct a 2 or more member LLC have less tax liability than a single...
Hi there,How does one go about choosing a farm area? I know this must be a simple question with a simple answer and it still seems really overwhelming to me. What are things to consider when choosing a farm area? I'm ...
Hello guys,Been a member for years and have been quiet until lately... have acquired a few properties along the way but now I have a scenario I'm not sure how to handle and would also ask my cpa about this.Scenario: O...
Do: Consider real estate as a diversification tool.Don't: Over-concentrate in one asset class.Do: Consider an investment property if your cash flows are already strong.Don't: Rush through your cash flow projections.Do...
Hi BPers, I m just wondering if any of you who lives in big cities and rent your rooms (through airbnb, craigslist, etc) are able to utilize the rent money as loan qualification.I live in a part of the city, where it...
Finally got my first property under contract! Finishing inspections today but assuming everything goes well we will close in late April (VA is slow). Thinking through what work we are going to do to the property and...
I'm currently house hacking with a mid term rental strategy and considering renting out two rooms in my property to a single tenant. The property is a 3 bedroom, 2.5 bathroom townhouse. My girlfriend and I occupy one ...
I identified a lucrative opportunity to lease a property to law enforcement but have no idea on what legal clauses others in the past have included in their agreements. Looking for suggestions...