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 ...
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...
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'...
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...
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...
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 ...
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...
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...
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...
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...