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Wondering if anyone has experience in dealing with abandoned mobile homes in a park. We purchased a mobile home park with a few abandoned trailers. We are located in Michigan and I understand every state has a diffe...
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I joined Bigger Pockets quite awhile ago, with the intention to become a wholesaler. Everyday life took priority and aside from doing a little reading on the net and watching a few instructional videos, I never pursue...
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So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...
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Good afternoon BP members,Question:I found an opportunity to invest in a Real Estate property. However I would like to do this via a Self-Directed IRA account.Would I need to create a separate LLC for the Self-Directe...
Hello all you brilliant people,
Im a 23 year old in Wichita Kansas, working for my uncles RE holding company (84 doors, two commercial, twenty duplexes and the rest SFH), as his property manager, secretary and realto...
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I’m just starting out and wondering if I can put the property I’m interested in buying into an LLC. Its a multifamily apartment with 3 doors, and I would have to take out a mortgage after putting down 20%. The reason ...
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I'm building my real estate investing team and recently enlisted the help of a real estate attorney to create a trust and start an llc. I was surprised when the quote to create the LLC was around $1050 (including fil...
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First post here! I am a new out of state investor. I currently live in Seattle, WA and looking to buy rental properties in PA and IN.My question is regarding as to what state should I setup my LLC? (I need LLC to get...
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I’m buying a piece of land with a mobile on it. 15K down and the rest in monthly payments to the owner. No interest is being charged. I’m wondering if all the paperwork can be done with just the title company? Should ...
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I see 7-12% fees for property management around here. $1500 month property. $150 at 10% x 12 = $1800 a year
$1800 x 10 properties = $18,000. Someone can manage 10 properties alone but still you are only pulling in $...