Driving home from the office today a new investor contacted me and we were discussing his Real Estate goals for the upcoming year.
During this conversation it occurred to me, although he had set his Real Estate goal...
I'm just starting out in the REI world in Suffolk County, Long Island, New York and focusing my time and energy on educating myself but I also want to keep moving forward while i'm still learning. I see my focus and ...
Hey BPers, me and and a friend (or more) are looking to buy, rehab, and rent out condos and houses in the Arlington, Texas area. One way we've examined doing things is equal partnerships, everyone puts in and gets out...
Hi all!I've been searching around and finally found a 4-plex that caught my eye around me. I went and was shown the property by a realtor and it looked like a decent property to own as a rental. Great location next to...
1. Choose mentors I trust and believe in their experience and advice.
2. I will not ask people to make a commitment to me until I have made a commitment to them.
3. Always keep a spirit of involvement a...
As the title says I'm working on putting together a flip criteria for myself and figuring out the type of properties I'm interested in and the type or issues that I walk away from.We only buy our properties from aucti...
Hi everyone, I am trying to learn about how to set up a personal property trust to put my properties into and am looking for some direction. First: how do I set up a trust? Second: do you have a standard for to u...
I have a number of rentals under multiple LLC’s. Does anyone have experience setting up a separate entity to manage the properties? I heard 2nd hand from an attorney that we would need a broker’s license in the st...
Purchasing second rental condo... Thoughts of owning in personal name (with spouse) with umbrella coverage vs owning them in a LLC (SM or Dual Member matter? I know taxes are a bit more complex as Dual member...)
Als...
I purchase a property all-cash with my own name. I would like to have it in an LLC, but it's just not cost effective as it's in California and the $800 annual fee would kill my cash-flow. Would it be beneficial to dro...