Mike Huerta
Newbie Question - Buying, LLC, Trust, but in what order?
Looking at buying my first single family rental. Do/should I set up a trust first, or buy the rental first, or set up an LLC then buy the rental, and then assign the trust as a member of the LLC? I'm eager and exited ...
Roshan K.
Book recommendations while waiting to build up capital
Hello BP, what are your book recommendations? It doesn't have to be real estate if it's a really good book that will help out in some other way.In the past couple months I've read "The book on investing in real estate...
Lachezar Tomanov
Need an advice regarding investing in Chicago and the suburbs
Good afternoon to all of you amazing people,
I'm looking for an advice regarding investing into a 5+ building in the suburbs near Chicago. I'll be a first time investor and recently joined the BP website. I've been...
Jonathan Wilson
Penciling out rentals
Hey,
I want to buy and hold rental properties. My primary motivation is to own cashflow. My stocks are broad index funds, and they do not return much in the form of dividends (I know, it's more tax efficient). We r...
Aaron Caddel
Selling a Balloon Payment.
I'm working on some seminar prep with @Jason Dillard. His presentation is centered around the idea of growing your transaction creativity/profitability through the mastery of paper. For REIs involved in development pr...
Jim C.
HELP!Tenant caused $25k LIEN on MY Property for HIS Unpaid Taxes!
Just found out from my local recorder's office that my tenant's failure to pay his federal Income taxes has caused the IRS to place a $25k lien on MY property! There is also another Lien for $5k from a local hospital....
Antonio Cucciniello
Lender Promising 100% Financin
I have been searching for lenders on LinkedIn that can give lower down payment requirements. One reached out to me about lending with 100% financing. They give business loans at 6 month to 15 year terms with 5K minim...
Account Closed
Is my friend about to make a horrible investment?!?
Today, I was texting one of my good friends from Memphis, TN. We are both recent graduates from The University of Tennessee, and both have good paying full time jobs. I recently finished Set for Life by Scott Trench a...
Nate Burnett
House hacking, Multi family, long term tenant way under market
Hi all,We're looking at a property that has been owned by the same person for 40 years, they've had a tenant in the other unit for 10 years. Market rent is about $1600+ for the unit and they're paying $1200.I don't wa...
Cody Morrell
How do you quit your W-2?
I was curious if anyone could help me out with answering a this question: How do you quit your W-2 through REI?I have read THE BOOK ON TAX STRATEGIES for the Saavy Real Estate Investor and it made me wonder how a lot ...