I've read that its best to flip houses through an S-corp since money made from flips counts as ordinary income.
Problem is, the only business entity I have is the LLC used to hold my buy and hold properties.
This ...
Okay, suppose someone plopped you down in a new market with a bundle of cash and said start full time RE investing for a living! What is the minimum amount of cash you would require?
I know there are many different ...
Hello BP, Im brand new to BP and REI.I am currently in sales and looking for jobs, although my main focus is real estate. Does the type of income or way I'm taxed effect what kind of loans I can receive. For example d...
I am currently completing my first wholesale deal with my partner and we are ready to start operating under a real company. We plan to do wholesaling but also buy some rentals as we go and I don't know whether we shou...
Hi,I am a new investor and have spent the past 4 months reading books, listening to webinars, podcasts, attending conferences, and meetups regarding real estate to get myself educated as much as possible. I am nearing...
As any person knows, quitting your full-time job is a huge risk. On top of that one may try to become a full-time investor which adds on to the risk. Even if you feel successful there are many ups, and downs to it. A ...
Hi all,Been a BP pod listener for the last few months and am pushing myself to be more active here as well. Getting a bit tired of my current job (first out of college) given the demanding hours and really motivated t...
While trying to buy my first investment property (175K), i am being told by mortgage brokers that I can't get a loan. The primary reasons being given are:
1. I don't have 2-yrs worth of self-employment hist...
Hello All,
I graduated from undergraduate in May 2020 with no debt (low tuition cost, scholarships, and a little help from my parents). I started my first salaried job ($80,000k per year) in early August 2020. At th...
Hello BP community, I just wanted to get an idea of what a good deal looks like when paying cash for a residential rental property? I understand the numbers behind a good property when financing it, but I wanted to se...