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My wife and I are Realtors in Washington. We do good for ourselves but I find myself having some Spare time on a weekly basis and would like to do something that might be congruent to real estate. I know I can put mor...
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I was blessed to have money gifted to me from my parents from their LOC (line of credit). The LOC comes with a monthly payment which I am looking to pay so I get that tax benefit. I'm looking for advice on the best wa...
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I have been using the same hard money lender for years at 12% with 1 point and lots of trust and flexibility due to how many deals we have done. I have now met enough fellow investors who are sourcing funds much cheap...
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My girlfriend and I have been saving to buy our first investment property. Should we talk to a bank to open up a business account? I hear it will be easier for CPA / Taxes later on if all expense from purchase, rehabs...
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If I decide later to start a construction business (actively building and selling new spec houses), assuming this is taxed as ordinary income with social security, etc and treating the homes as inventory - if you buil...
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I am gearing up to set up an entity in the form of an LLC. My question is, when you earn money that is made payable to your LLC, how do you spend it?
You can't commingle funds, so how do you spend the money y...
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Hi,I went into contract on my first rental property a week ago, and getting ready to close the property in few weeks (under my own name, with no LLCs). I am wondering if opening a business checking account is recomme...
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Hello BP!
My name is Melvon and I have thought long and hard about this! I'm really going to invest into myself like never before! Going all in but carefully making every move with good thinking and st...
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Hello everyone, I'm curious to know how much time are you guys spending on Bigger Pockets? I realized that this is a great way to network and find cool deals.
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Hi everyone,
I am looking to purchase a piece of property in Philadelphia using a conventional mortgage in my name and later transfer it to a newly formed LLC. A previous post from 2008 states banks won't let you do ...