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At a recent real estate seminar I attended the presenter said that it is illegal to commingle funds from different private lenders to purchase a property. The example he used was borrowing money from 2 relatives (5...
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Hi guys,
When you put your property in an llc , do you make sure that everything is in the Llc’s name (Insurance, mortgage, all the lease and rental paperworw, etc.) ?Also, when you have multiple properties, how woul...
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I have been reading multiple books on corporate structure I.E. "Incorporate and Grow Rich". I make 100k a year, live off of 40k and would like to invest 60k a year. I understand that I shouldn't hold rental properties...
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I am new member from North Carolina excited about the BiggerPockets world of real estate. I've been diligent in study mastering the tip of the iceberg, podcast assisted. Therefore, not being able to wait any longer (t...
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For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...
I am sure people who invest in rental property gain a lot, e.g. money, fancy cars, financially free etc etc, but I would like to ask how many investors on here are close to the millionaire mark in net worth? Thanks
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I'm just getting started in investing and I've been reading a lot about why it's a good idea to set up an LLC which I've already done. Recently though, I'm learning that it can be difficult to get a bank loan as an L...
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Tenants want to paint one of the bedrooms pink (right now it's painted a very muted yellow/gray called "earth smoke"). I'm tempted to let them do it as a consolation prize in lieu of something else they asked to do bu...
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We currently have 50 listings and we are looking for a PMS. Channel/Calendar management is the most important feature for us because if that didn't work... then there was no point in getting a PMS in the first place. ...
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We are gutting the bathroom down to the studs in my rental and wanted to know what you guys use for exhaust fans. When we did the bathrooms in my house, I bought Panasonic whisper quiet ones based on the good reviews ...