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I recently bought a two family unit in NJ. I live in one unit and the other one is for rent. I have an interest from 3 unrelated individuals who work at the same restaurant interested in renting the unit. It is a thr...
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Hello , Good morning. I am listing my residential investment property in a day or two for sale and want to do 1031 Exchange. I have one technical question about this transition.In relinquished property, my wife and I ...
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I have 5 rentals under contract, from the same seller. I have a buyer who is interested in them all. I initially put them each under a separate contract, in case I didn't have a buyer who would take all of them, to m...
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I am about two weeks away from officially starting an LLC with one other individual. Before forming the LLC that individual and I bought and are still in the process of flipping a house. The property is only in my n...
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Can an individual or DBA get approval for a Fix and Flip hard money loan? Or, do I need to get an LLC or Corp entity.
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I talked to my first hard money lender yesterday and they said they don’t lend to individuals, only legal entities. Is that common for hard money lenders? Is it a good idea to set up and entity for that or to find a H...
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Hello BP!As I continue my REI journey my circle of "friends" has begun to shift. Many of you have heard the sayings "You are a reflection of the 5 people you hang around." and "Surround yourself with like-minded indiv...
Hello,I just started on investing in rental properties. I am not very handy so I am looking into new individual family homes which are under 250k and give me decent return of $1650/month in rental. I have narrowed do...
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hello, I am looking into my first property. It's small, under $100k. I wanted to buy it as the first of my LLC but they told me that the value is too small to qualify for a commercial loan. The mortgage person told me...
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I am 18 and ready to learn as much as possible. I am looking for suggestions from more experienced businessmen, real estate investors. What are some key skills and tips you suggest I can learn now since I am young tha...