Tim Gruber
First Deal Diary - Norfolk VA
Hello BP Community,My name is Tim, my wife and I have been busy for the past couple months reading blogs, listening to podcasts, and attending webinars, and we are excited to finally be putting the information into...
Yinan Q.
Buying a property via “LLC assignment”
A deal was presented to me and my partner by a wholesaler. A LLC was created just for this deal and he will assign the LLC to us. We will become 50:50 owner of the LLC that controls the property. He has done this many...
Merideth McNamee
two possible deals...
I have two possible deals I am considering for my first investment. The first would be a flip. It is a duplex in a 55+ community. It is a 2/2, 1250 SF, and only requires cosmetic updates (flooring, paint, popcorn remo...
Octavio Warnock-Graham
Shared wall liability question.
Hi All,I have a weirdly specific legal question and I hope someone out there can help.I own a 2 story building in NYC. My building shares a common wall with a neighboring property. However, the neighboring building is...
Jody Bowen
tax guidance and help
Hello...I'm a licensed agent that does a handful of flips and I personally list them.
I purchase them under an LLC and I run my agent stuff thru a PLLC...
Would it be tax advantageous to pay myself a commission on t...
Clark Kirkpatrick
When does a preferred return make sense for cash providers?
I know what a preferred return is, and I've heard people say that there are deals when it makes sense, and deals when it doesn't. Obviously I'm only looking at equity deals here.Thanks!!
Brian Miller
New Member in Charlotte, NC
Hello!My name is Brian Miller I currently looking to purchase my first rental property. Down payment is taken care of & I am currently just learning as much as possible. Reading, listening, & now hopefully ne...
Eric P.
BRRRR ("fix and rent") in Omaha area
I'm curious if BRRRR ("fix & rent") works in the Omaha metro area. Essentially, the ability to have your purchase price + rehab costs <70% of the ARV, so after you rehab you can find tenants & then refinanc...
Toria Ellis
Flipping a Rehab with partners
So myself and 3 others want to partner to flip a rehab just get our feet wet. How do we begin? Do we buy under llc or can we all be on a loan together?
Dalia D.
What does 1st Lien Really Mean when Foreclosure is Looming?
Hi. Quite new to performing partial note acquisitions. Evaluated 4 offers, I've decided to focus on WA State to make it easier on my passive investments - I just have to know local laws.... What is foreclosure proce...