Hello Everyone,I found BP a few weeks ago and have been voraciously reading and listening as much as I can since. I’m hoping to (1) introduce myself, and (2) get some guidance/wisdom on my current situation.First off,...
Friends, I'm purchasing my first ever rental property (a duplex) with the help of a friend and business partner. We're going into it 50-50. We've done a lot of research and self-education over the past few years in pr...
So I have set up an IRA for RE Investing.
I now have the opportunity to buy a duplex. It will be under market value, need about 20k in repairs, and will be cash positive
What is the best way to structure this?
I...
I'm curious to hear what others are paying for basement waterproofing.I was just quoted around $14k to have the exterior dug and waterproofed as well as put an interior drain system put in for about 126 linear feet of...
I am new to real estate and have been reading books by BP and learning all I can. My question is, is it possible to wholesale a deal from a family member wanting to sell their home they are still paying for through ho...
Looking for recommendations on the best way to setup remote security for rental properties. Currently for my primary residence I have a Ring system which works well and provides the basic surveillance that I'd like to...
Considering renting out a property thats on septic/well. Current owners have been diligent in caring for the septic - regular tank cleaning, liquid detergents only, no oils down the drain, no feminine hygiene product...
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...
I've noticed an invcreasing amount of people ending their post with some variation of "No legal advice". Is this due to something or some new legislation I'm not aware of? Of course you're not giving legal advice, th...
The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...