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I'm trying to understand whether or not it is recommended to create a LLC or S Corp from the start. I plan to buy and hold multi-family homes and create a passive income. Do I wait until I have 5 - 6 properties and...
Scenario -
Lease Application for one tenant (checked by our realtor) - great employment history, rental history and credit score. No criminal background. Looked great on paper, and is why we went with this ...
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My first property has had two whammy's against it. #1 Numerous repairs from day 1. Partly due to the property but partly due to a finicky tenant.#2 Property manager tells me the roof needs to be replaced - $4500 co...
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Hello allI've been doing my best to get educated as quickly as possible, from the forums, blogs and podcasts mainly. I was hoping that you all could provide some guidance on how I should get started in my current sit...
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So currently, I am 29 and for all intents and purposes, half of my income is from rentals. Also, the income from my rentals cover all expenses. This means that what I make working is mine for savings, other investment...
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Hello people of BiggerPockets!
I am a new homeowner. The rental apartment I just moved out of is in Los Angeles county, where California law requires that a landlord returns a security deposit (or provides an itemize...
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Hello, I’m aching to ditch 9-5 and diversify away from the stock market. I’d like to acquire some rental properties but don’t know how/where. I read this article which suggests seeking high rent to price ratios on a...
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Hey guys I am looking for some advice here. I am looking to get more involved in REI and want to be able to work in the field in between work. I have been thinking about it for some time and think I am going to just d...
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Hi guys, I am loaded with seemingly simple questions like this, so I've just been asking them as I think of them. I think of it like teaching a teenager how to pump gas. It may seem like a straightforward simple task ...
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I think it would be great to hear what the bigger pockets community would do in this position:
If forced to re-start from the beginning with no capital, no credit, and no connections, what would your first step be.
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