Planning on living in a duplex where we would have a negative CoC ROI and a negative cash flow for the first year. Only planning on living there for one year because of the FHA rules. From there, I estimate we would b...
Hi all, I have a Wyoming Holding company and Arizona LLC created. I am open in escrow on an investment property that I'm doing with a Fannie Mae loan. I'd love to close with my name not on the title. I know land trust...
I’m trying to figure out what is the best way to hold rental properties. Is it better to place them under LLC’s or hold them under your name and then carry an umbrella policy to have more liability coverage?
Hello Everyone,I just want to start out by thanking anyone who took the time to read this post and offer advice because you didn’t have to and I’m truly greatful for that. This is my situation and I don’t know exactly...
If you get a chance and are looking for information / education on this subject research Scott Carson. He is an SME on this topic and has plenty of free information. I am not selling for Scott, I am offering praise f...
Hey Biggerpockets guys and gals! I've been watching some of the podcasts videos on YouTube for a little bit now ,and am interested in taking the leap towards getting my first rental, but feel like I still could use so...
I sold a SFH last month and used a 1031. I'm now using those funds to purchase an 8-Plex. I will use my 1031 to fund the deal. My question is, if I bring a partner in (my brother) to split the DP, will this transactio...
I'm speaking to an owner who bought a property through 1031-exchange and has a 2 year required hold period due to owning it in an LLC and being a "related party". Could I purchase this property subject-to the current ...
Ive followed various personal finance blogs and forums for a number of years, and doing so has given me a lot of sound advice for how to manage my money. However, I still remained fearful of money (or rather, fearful...
Hi all!My goal is to invest in 2-3 multi-family properties (duplex, 3, or quad) in the next 3-6 months with the goal of achieving good cash flow and starting a portfolio. I'd like properties with low upfront reno requ...