So I have not begun investing yet, but hope to as soon as possible.I hear from a lot of investors that they buy their first property, and then have trouble securing loans for the next 2 years, because they cannot coun...
Closing day is less than 2 weeks away! This is my wife and I's first RE investment and we could not be more excited! I contacted the sellers agent directly and she has been representing both sides. Not a great experie...
Hello everyone! I have a quick question. What is/are the best way(s) to set up a Self-Directed IRA when I am the rehabber but I have individuals who want to act as a Lender. I am paying for the Rehab and managing th...
Hello all. Currently I'm involved in a land contract with 11 single family homes and one duplex. The total purchase price is $720,000 which is $60k per property. The homes are rented out and located in Cleveland Heigh...
Can anyone offer advice on how/where to set up a dedicated REI bank account(s)? Should I ask about high yield savings accounts or just keep all REI cash flow in a separate checking account? Does each property need its...
I'm curious to know if there is anything that you wish you knew about taxes when first investing. Not necessarily property taxes, but taxes on rental income, deductions you might of not known about, or other items you...
Hey there BP members! I just started a LLC last year and have since put 3 proeprties in the LLC. Should I open 3 separate bank accounts for these proeprties all in the LLC name or is it ok to keep all rents and expe...
Hello everyone, I wanted to know what the opinion of everyone is regarding incorporating before beginning my investing journey?
If yes, is a C-corp more effective tax wise than an S-Corp or LLC in general?
Hello,I have invested in a few rental properties in my small Canadian home town and the rules/prices/undesirable areas make it harder to invest in Canada. I am looking to invest in a property near a beach in Florida...
I recently heard a speaker mention the idea of purchasing a beneficial interest in a Roth IRA. Do any of you guys have experience with this sort of thing?