I am currently purchasing my first multi family property. It consists of a 4 family building and a seperate 2 family building. The 2 family building currently has an illegal 6th unit. All it needs is to finish the kit...
Hey BP community, I am currently finishing renovation on an 18 unit apartment complex in TN. The apartments do not have in unit laundry, but we have added a tenant laundry room to setup 3 coined washer/dryer combo uni...
I have an attorney contact who has started working probates and estate cases and has properties that she's the executor for and needs to sell. 1st - What advice can you give me on the best way to structure the purcha...
Attention Fix n Flippers,
I know you’re not a CPA. Let’s get that out of the way.
But in your experience what is your preferred entity to use for your fix n flips and how do you choose to have them taxed as, and wh...
I am under contract on SFH in DC and would like to put the property in an LLC. My sales contract has an assignment clause so I can assign it at closing. Does my LLC need to be fully formed in order to close or can wil...
Hi all !
My name is Chris Lockett and I reside in Las Vegas (to save money on TAXES).
I was google-ing real estate business to generate more contracts for my REO company, and I came across a forum from this site. Aft...
I am a Realtor in PA who also wholesales. When facilitating the transaction I am 100% transparent and I disclose everything. However, I’m having some push back in regard to wholesaling as a realtor. A few people have ...
Hi BP!
I have been researching the different financing methods, and would prefer to use portfolio lending for its better rates on my first flip. I have roughly 60k liquid available as a down payment if needed, and th...
This is my first BRRRR. I'm offering cash on a foreclosure and the seller wants proof of funds. I have a home equity line of credit which I set up for this purpose with a more than sufficient limit.Should I provide th...
Looking to start doing lease to own as my first real estate endeavor. I live in a oil/forestry town in northern Alberta where people are often cash rich but sometimes credit poor. I want to use the tenant first strat...