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Results (4856)
Bryan O. Entity Type for Note Business
19 September 2017 | 8 replies

Are there any general guidelines for what type of entity is typical for a note business? Outside of notes, you typically do your buy and hold in an LLC, but your active work (wholesaling and flipping) in some type of ...

Ian Livaich Analyzing a Student Rental Property
1 August 2019 | 4 replies

All,
I am under contract on my first deal -- a student rental property in New Jersey.  It is a single family home with 6 bedrooms and is fully rented for the upcoming academic year.  
I am trying to determine the be...

Antonio Chelala Exploring the Use of Form 8832 to Change Tax Status from Partnership to Corporation
1 June 2023 | 7 replies

Hey all!
I hope all is well :)
When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it'...

Greg Moore 19 yo Millennial Makes Millions on first deal
5 January 2020 | 10 replies

I love the inspiring stories of success on BP. Read this one this morning about a 19 yo who saw a niche, created a plan investors backed, took action, and made millions. (“How this Millennial Invested in Luxury Housin...

Dave Kush Convince a hard money lender I can manage a rehab
8 September 2023 | 6 replies

I am preparing some documents that I would be able to provide to a hard money lender when approaching them. Definitely looking for properties that need work. I plan on using a contractor, but don't have somebody I use...

Nick Donato Breached Covenant on Commercial Loan
9 September 2023 | 4 replies

Hello, I have a 12 plex in Colorado Springs and First Bank is handling the loan.  They recently said I breached the covenant of the mortgage by not meeting their Debt Coverage Ratio of 1.3 in 2022.  Due to this, they ...

Frank Jiang Just closed my first SFR Rental deal! Looking for accounting software.
20 October 2014 | 11 replies

Hello BP,I have been a reader of the site for quite some time but I have not yet posted.  This week, my wife and I closed on our first deal: SFR in Memphis, TN with a 2-year lease tenant already in place.In my day job...

Daniel Walker Long Distance Showing
21 June 2021 | 3 replies

My business partner and I expect to close on our first rental in a matter of weeks. To increase learning and cash flow, we want to self manage the property with some help from a home warranty company to handle mainten...

Enrique Toledo General question on getting started and loans
28 February 2024 | 2 replies

I’m a 19 year old, newly licensed real estate agent and I want to get into real estate investing as soon as I can. Do yall have any tips? Also what do I need to get a loan? How many lines of credit would I need? Thank...

Carlo D. Banking problem can't open a bank account for my LLC
28 August 2024 | 5 replies

I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY. 
In the incorporating documents, I put my trust as the o...