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I have a real estate photography business, and I save for taxes , and I was thinking about my small amount of savings and possibly putting it to work in the investment arena. I know it's a very small amount, but I ...
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I'm into my 3rd rental properties (with very decent renters) under personal ownership. We increased our umbrella policy to 2 million. Insurance agent advised that this should be ok. Any thoughts?
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Hello!Does it make sense to use the appreciation gained from our current rental properties to pay down our primary residence mortgage? We currently cash flow about $600/month on 2 rental properties. However, if we w...
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I think I know most of the answers to the proposed question and do know that it will require the proper steps through a real estate attorney and/or CPA. For my own edification, I wanted to propose the following.Curre...
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Hi BP,
I really need your help on this one! Now i spoke to a lawyer to review my purchase and sales contract for my wholesaling business and to help me create my LLC. Do you think $1,500.00 is a little pricey to just...
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Hello, I am new here to this website and must say it is the best. But I have a question before I run out and buy a "wholesale property". It is my understanding that I need to have some type of "Corp." before I do this...
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I have been listening to Grant Cardone's podcasts and watching his youtube videos after hearing him on show 108 of the BP Podcast. He says that you should not invest in real estate and do your first deal until you $10...
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Hello,
this forum has been an amazing fountain of information. I am a real estate newbie and have just purchased my first home to live in, here in Knoxville. I was wondering if you folk had advice on this situation:
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Hello BP,
I have a few questions:
First
I recently acquired my first tenant in a house a hack. Today I opened up a new checking account with my bank, and I either need to have direct deposit setup with a minimum ...
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I'm new to investing and looking into getting some rental properties. I've talked with my mortgage broker and they're willing to finance a rental property but I will need 20-25% down. My husband and I currently have o...