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Hey everyone:So I put an offer down on a home which was accepted. This will be funded via a 2nd home loan. I do not currently own my primary residence. The lender is requiring a quote for home owner's insurance for th...
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Hey folks, long-time/first-time!I'm fairly new to "the game" with one property in Murphy, NC and not quite 4 months of operations under my belt.Tax season is coming up and - as a newbie who is not yet cash-flowing (we...
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I currently have a partner in a private equity firm. They lend 100% of the necessary costs for a flip from start to finish. I have been working with them for a few years now and we have completed roughly 100 homes tog...
Hi all,I'm looking to register an official entity to do business through. Should I do an LLC through Legal Zoom? How much should I spend on this?I spoke with a local investor who has given me some advice and he has to...
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We are closing on buildable land in a few days. We will eventually build an Airbnb on the property but can't do anything till the plans and budget are ready. Until we can convert the loan in to a construction loan, ...
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I am looking to purchase my first property with my business partner. We located a house that had been used as a business for the past several years. Due to this, they removed the kitchen to make an office and the upst...
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Newbie here!So I’m not at the point yet to potentially buy and renovate with my own cash. I was thinking about purchasing the house with cash and then getting a rehab loan. Afterwards refinance and then pay back the r...
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Have you started a hard money lending business or lent private money? How did you structure your business to deal with filing with the SEC and complying with Dodd-Frank? Start up costs and things to consider?
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I own a real estate flipping business, so all of my profits are taxed as ordinary income (and at a high rate). I thought it could be beneficial if I bought a mixed use property and rented the commercial space to my f...
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Hello BP Community
I am still very new to all this and doing all my research and reading as everyone else has done when they first started. I have been looking at different options on registering an LLC and it seeme...