Hi all, this is my 1st post!
I have been trolling the forums, reading blogs and listening to podcasts and now it's time to jump in!
So here's what I've got (as a newbie, I need some solid guidance):
1. Have a distres...
My family members (late 70's and late 80's) are house rich and cash poor living on social security and trying to make ends meet. Their mortgage will not be paid off in their lifetime with about 25 years left on a 30...
Withdrawal from IRA?Due to COVID I have access to withdrawal from my IRA penalty free. The purpose of the withdrawal would be to put the money directly into a real estate investment. I will still will have some money ...
Hello again BP! Like always, thank all of you who respond, I value your time and input. And it makes it much easier to learn, fail and grow. I've been submersed in this new world of wholesaling for 3 weeks now, and i...
REAL ESTATE INVESTORS AND HOUSING PROVIDERS: I am working on a project to defend and improve the reputation of housing providers and investors. How do we improve communities, and how does government get in our way? Gi...
Good Afternoon, one of my tenants just reached out about applying for ERAP. I have no problem doing my part to assist but I was curious, is there any negative to the landlord by doing this? Also, while I was trying to...
Hi,I formed my LLC in February 2018 and will be filing taxes for the first time in January. I have been doing some research on changing my tax status to a C-corp and want to know if that would be ideal for me, conside...
As some of you know, the ability to finance manufactured homes by both outside lenders and through seller finance is seriously in question for homes where the loans are under $50,000.00 thanks to the Dodd-Frank Act. T...
Their business has been destroyed by inflationasked if they could use the deposit to cover rent for this month. What should I do next? I want to be sensitive to their situation as the economy is bad and we’re all str...
I understand the reasoning behind placing real estate in an LLC: for the owner to shield himself/herself from personal liability in the event of legal action.
However, is one LLC enough? Say an investor owns 10 prope...