I have a single member LLC that was formed to hold my buy and hold rental. This is my first buy and hold, and we are BRRRR-ing it. My son (14 years old) is legitimately helping me with things like pulling nails out of...
Parents would like to do a 1031 exchange to a new house for their daughter and son-in-law to live in. Daughter and Husband would pay market rent, but are hoping to be actually be building equity in order to take owner...
Now that my wife and I are hooked on REI with plans to grow our business, we have been thinking about how to use it to help our children. We don't want to just give them money from our flips, instead we want to 'teac...
I am a realtor, My mother has a high value 401k she is looking to roll into a solo 401k in order to purchase rental properties for her portfolio. Am I prohibited from acting as the agent on these transactions?? I und...
Hi y'all,I've been a member of Bigger Pockets for the better part of a year, but just haven't contributed yet. My wife and I joined Lifestyles Unlimited a year ago as well because we became very interested in the fin...
Hello All, I'm leaning towards the strategy of house hacking and focusing on paying off the mortgage of the house within 5-10 years. I'll be paying it off with my wife. We are 28 and on buying in about 3-4 years (we...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $182,000Cash invested: $28,000
MLS deal that was listed below market value.
What made you interested in investing in this type of...
I have 4 properties, does putting them in an LLC and having Children as members in the LLC prevent them paying inheritance taxes since properties are a business and children are members in the business.
I am processing a tenant application. 1/3 of the income is coming from alimony and child support. I have no idea what the likelihood of her continuing to receive this income regularly is. I am looking for ideas on...
I am looking to hire my 7yo son as a household employee. Mainly Supervising his 2 year old sister while were home so we can complete tasks such as cooking and laundry.
I do not own a business. Am I able to do this ou...