Nadene Long
Business Structure- Corporation vs LLC
I am a licensed Realtor and I invest in real estate (mainly flipping) and my husband is my GC and works with my other investors. We formed an LLC a while back and it has been simple enough for us to manage during tax ...
Gbatoh Browne
Creating a lease for someone I live with
Should I create a lease for the person I am living with if he is paying me rent (I’m the landlord of the property). If so, what are the advantages and disadvantages of creating a lease with the person you live with. H...
K Alderson
I have a Real Estate Brokers License is this a help or a hurt in flips?
Hi,I have been a RE broker since 2005, I want to get into flipping and have the MLS in my home office. I need to develop some relationships with wholesalers etc.I do not do listings or represent buyers, just use the l...
Account Closed
Assignment of contracts
Has anyone tried to do an assignment of contract in this industry? What are some of the advantages and disadvantages of using this strategy to make some money?
Zachary Browne
Starting My Journey - Duplex
Hey Guys!
I am getting ready to start my real estate journey and am very excited. Love the content with the website and podcast!
I'm in a great situation to get started. My fiancée owns our house with about 100K eq...
Sean Dezoysa
Do You Use Double Closes to Hide your Profit Spread?
Double closes have the nice advantage of keeping your profit spread private, at the disadvantage of costing more in financing and closing fees. And of course sometimes double closes are necessary when contract assign...
Nik Sharapov
Withdrawing 401K at 59 1/2 and using to buy a House.
Hello Bigger Pockets forum users, my father of 59 1/2 years old is thinking of taking out his 401K and using it to buy a house in order to pay less taxes due to withdrawal of the 401K funds. Is there a way to do that?...
Sastry Konduri
Question on Contingency
Hi All,I am trying to offer for a MFH. 1. The seller wants a non-financial contingent offer. My agent is asking to go in with a due-diligence contingency and if something happens with loan, we will use that contingenc...
N/A N/A
Create a LLC holding company for property
Hi,
What are the advantages/disadvantages of creating an LLC when buying a commerical property? I understand how LLC offers legal protection ina business situation, but how does it apply to real estate?
Also...
Caleb Savino
19 year old getting my license
I'm just getting my Real Estate License from Eastern Illinois University, and Im wondering if a college degree is needed/better to go with then just getting my license? And I'm wondering if there's any advice/tips I c...