Hi BP Members! I'm on the way to getting my first MFR (fingers crossed) and am currently starting attorney review. I was wondering how can I start running things like a business without an LLC? I understand that accor...
The scenario is as follows:Husband - only on initial 2 properties mortgages with bank. Wife currently does not have 2-year work history & not on mortgage.1. Husband owns 1 property solely and only on his name as h...
Hello BP Friends,
First timer here and I'm thinking of leasing my commercial property and approached a local agent / broker , she emailed me the contract and wanted exclusivity, what does it mean? What if a future ten...
:pup:
Hey all, I am looking into acquiring a 5 plex. Is there any reason that I will be limited to a certain type of loan just based on the property being a 5 plex? If so will it be the typical 20% down? I'm look...
In the thread Starting Out : "Website" (https://www.biggerpockets.com/forums/12/topics/94460-website), Tom Goans issued this caution:
NOTE: Be very careful with whom you register your domain name. Read every word of ...
Hi all,I just formed my first LLC and received some information that if I elected the scorp option for tax purposes, I could reduce my tax burden. Is anyone familiar with this strategy? If so what are the pros and con...
I'm new here and joined specifically to ask this question.
I have a mortgage on my home. Included in my property is an apartment above my detached garage which I rent out. The water bill is included together between t...
Hello, can someone please tell me what are the steps that one needs to take to buy single family property as Investment with investment partners ?Also my concerns are also around loan (Who should take loan) and how ca...
Hey everybody, I was hoping to get some advice from some of you seasoned veterans here. My portfolio is made up of 3 rental properties and i'm ready to get my 4th. I am strictly residential real estate right now. S...
I own 4 rentals recently purchased (with mortgages) and have an umbrella for them. No LLC's. Underwriting came back and has said that since we don't have a car insured with them (our primary house is with them) they ...