I good friend and I have discussed flipping houses before but never created an LLC or invested. He has attended some auctions and saw some interesting properties. We have finally come to a point where we are ready to...
I am an OOS investor. Last month I received a notice from the city of Milwaukee regarding trash and litter at the property. Being OOS it was already about a week after the fact. I promptly send the notice to my Proper...
I recently heard an investor very briefly talk about the strategy of creating a note on a free and clear property and selling that note. I have free and clear properties and wondered if I could originate a note and se...
Hi,
If I buy a small buy-and-hold SF property, what is the reason to do it through an LLC? I guess I can deduct depreciation and write off mortgage interest whether or not I use an LLC. However maybe I can on...
BiggerPockets colleagues,
Am I waisting a contractors time if I ask them to walk the property with me in order to get an estimate on the repairs? I'm new to REI, and I need to determine how to calculate the ARV wi...
I'm under contract on a home (primary residence) that needs major work to building systems and updating. Part of my realtor's recommendation was to offer asking price plus $20k to be given back to us for the work. The...
Anyone familiar with seller financing and if you can use down payments you get for a 1031? Or would you be taxed on the gains?
Hi all.Brief history:I've been a Realtor for over a year with the same company, however I became interested by first being a real estate investor. I was the first agent with this RE company and joined because the own...
Hi all,
This question is really geared towards single family home rental property owners.
I'm curious to see the breadth of experiences when it comes to providing washers and dryers in the rental property. Historic...
I’m wrapping up a flip in MI neighborhood that tells me the home should sell in 1-10 days. We want to sell the property fsbo because there is a solid chunk of cash to be saved by doing so. Of course RE agents say fsbo...