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I currently have 6 single family rentals and 2 flips at the moment. My goal is to start treating real estate as a separate business (I also have a day job). I have an LLC set up with a bank acct and all that. But the ...
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Totally meant to post this like a year ago. On page 292 of the document, which is page 309 of the PDF. That link is to the servicing guide for Fannie Mae loans that was updated on 11/8/2017, so the page number and inf...
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First off, thanks to everyone for contributing. I've learned just about everything I know about real estate on BiggerPockets.My situation: I'm trying to help my parents use a 1031 exchange to defer ~1.2M capital gai...
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Hi all!
My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet. My question is can I use the expenses incurred on the project as deductions even though there ...
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When it comes to borrowing money, you have choices. Here's a quick breakdown of the differences between borrowing from traditional banks and private money lenders along with some perks of private lending.1. Approval P...
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Trying to refi a 3 unit I have owned for a number of years. While speaking to my accountant the topic of asset security came up and we discussed business structure and placing each of my properties in individual LLC's...
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Just heard a really impactful and powerful concept on the Tribe Of Millionaires podcast….
The guest being interviewed said “I read a statistic before that said in urban areas, if a kid from one of those neighborhood...
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Hi folks,
Long time lurker, first time poster. Please forgive the rudeness.
Not sure if this is the best forum to post this question in, but could use your help. We’re thinking of selling a group of rental propertie...
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Hello all, I'm potentially interested in buying a church, but am wondering how easy it is to sell it once I get a tenant in. Does anyone has experience with churches? What are the things I should keep in mind?
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Total newbie here. I've been looking at a multifamily complex that has been foreclosed upon. I am aware that multifamily properties are purchased based on NOI and the applicable cap rate for the market. The informa...