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I purchased a building over a year ago in Iowa and have one remaining long term tenant (11 years). He's elderly, has emphysema, smokes at least 2 packs of cigarettes a day. He refuses to stop smoking indoors (he can b...
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Hi all, my partners and I are in an LLC together, and we're trying to set up a new business bank account. We'd love it if all of our names are on the account. We've run into a problem though:
Most brick and mortar (C...
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I am new to BP and the world of REI. I am looking to transfer my experience as a home owner and experience in the stock market over into passive income with a positive cash flow. I want to first do a market analysis...
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I'm about to close on my first house, which will be a house hack. From what I understand, it's not worth getting an LLC until you have enough properties. I will be getting an umbrella insurance plan, but house much is...
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All,
I am looking to expand my rental portfolio with capital partners. Since starting my REI journey I have been approached by family members who want to go in on rentals with me. I've got teams in place to get this...
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Hello BP community. Im a newbie investor, sort of. I have actually done OK in the stock market game. This is where I have dumped money for the purpose of retirement. My plan is to liquidate my taxable brokerage accoun...
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I've been doing a lot of research and it seems like wholesaling makes the most sense for me to get into the investing game. I've been on the outside looking in for a few years now and I need to get my foot in the door...
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I have a SFR that I try to have inspected annually. During the last inspection, it was noted that one of the interior doors has been forced in and both the door and jam are beyond repair. I am intending to have the do...
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Been looking at Multiple commercial real estate properties that can Potentially be amazing deals but the problem is I'm stuck on should I do this alone or try too find someone to partner with on these deals. Analyzin...
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Will sell with a profit of $200K under wife and husband names.
1) $200K at about $3k tax.. not too bad... shall better to do 1031 or just pay tax?
2) How much is the fee for doing 1031? $1000?
3) The sold p...