I'm purchasing a duplex on a 30 year traditional mortgage. I'm planning to transfer to a LLC after the purchase, understanding the "due on sale" clause is unlikely to be enforced. Got me thinking, even if I had to mai...
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As a new investor who may not want to start with creating an LLC right away, what are other methods that one can do to protect themselves if a lawsuit were to occur?
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Hi Everybody,Looking to hear from you seasoned investors on this one. I've picked up a number of properties on 30-year notes in my personal name, but as I scale up this starts to become a major liability issue. It sou...
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I am a new real estate investor, and my current strategy is to leverage the VA Loan with a 4-plex to reduce my monthly rent expense. The goal is to free up more money to reinvest. I am aiming to have a portfolio of 2-...
I was told by a CPA and a Real Estate attorney not to put my properties into a Wyoming or Nevada LLC for privacy because if some attorney wants to find out who owns it or to know its members it’s not hard to do so.Any...
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Hi, BPers, one quick question again. Are all REOs sold as-is? I would like to find some REOs that not sold asis, but don't want to waste my time and energy looking for something doesn't even exist.
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Can you utilize a 1031 (LKE) to avoid taxes on a flip if the home is in owned personally? Or does the home have to be owned by a company to take advantage of the a 1031?
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Just made an offer on a vacation rental property and plan on using Self Directed IRA to fund it. I have enough to pay the full value. Of course, I currently have the funds in a 401K. Quit my job today so won't get acc...
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First, thanks for all the information provided at BP, it's been very helpful.
I've recently purchased a property and I will be looking for tenants soon. I'm wondering if landlords have begun using the internet to pr...
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Hello All,I am just starting as a realtor and plan to form an LLC / S - Corp to maximize tax benefits.I also plan to purchase my first investment property this year. Should I plan to create a separate business entity ...