Ronald Fontenot Jr
Finding a BRRRR that checks all the boxes
I'm having a hard time finding BRRRR properties that meet the suggested requirements. I've located several properties that are well below 70% ARV, some even as low as 55%, but I cannot get them to do all of the things...
Simon A.
Weird Strategy for High Income individuals
Hi guys,I would like to ask about your opinions and views about the following strategy.Let us assume that I am a high income individual with full time job and I want to invest in Manhattan where prices are just ridicu...
Brandon Heimsoth
Do you all pay taxes?
Quick survey here. I heard a quote from Rich Dad's tax advisor Tom Wheelwright saying something like "if you're investing in real estate and you're paying taxes, you're doing it wrong."
So, do you pay taxes? How man...
Brandon Turner
Have you done a 1031 Exchange? Let's talk!
Hey BP Nation! I'm writing the world's best post on 1031 Exchanges. Maybe I'll put it in my next book. But here's the problem: I need you. You see, I need some good stories to go with the post. So, if you've done a 10...
Alex Ng
Handling the Risk and debt
Hi, I've recently bought one property and under contract for my second one. It's been a wild journey, learning as much as I can. As you scale more and have more properties, you also incur more debt. For people who own...
Holli Phillips
Sold a house on contract and now buyer isn't making payments
This past August I sold an investment property to a lady and gave her 2 months before she had to start making payments. She put $1200 down and have only received one monthly payment of $600. As of Jan.1, she will ow...
Danny Cerecedes
Forming an LLC
Has anyone formed an LLC using the Nevada Corporation Headquarters. I'm looking to create one there for the corporate veil protection but I've never done one before and I'm hoping for any insight BP has??? Specificall...
Victoria Townsend
Attorney & CPA giving conflicting advice... help?
Hi BP,I live in California and I'm forming an LLC with another person (who also lives in California) in order to buy 5-10 rental properties (small multis) this year in Kansas & Ohio.My CPA is telling me that I sho...
Jane Z.
Good RE investment mentors in Atlanta?
Hi,
I am very new to RE investment. Just found this forum several days ago and learn a lot already, to say the least. We have about $400K in cash. Originally plan to buy a bigger house for ourselves, and rent out our...
KJ D'Costa
Tax Protection for Flipping Income
We're starting our flipping business this year in order to fund our buy and hold strategy. And I understand that income from rehabs/flips is taxed at the highest level. However, we intend to use all profits for the pu...