Weikang Chen
Form a LLC or personal name to invest
A couple of my friends are starting out to invest in RE. We couldn't decide whether to go in with our individual names or form a partner LLC. Can someone give us some guidelines which is a better way to go?
For mini...
Michelle Garcia
When to create LLC for REI?
Greetings, I am curious of the following regarding LLC:1. When is the best time to create an LLC for your investments?2. Thoughts on having multiple properties under one LLC.3. Can I sell my first purchase to my ...
Gursimran Singh
First Property Purchased - House Hack... What's Next?
Hey BP, I've been a bit inactive but I am 21 years old and just got an offer accepted on a property in which I will live in one of the bedrooms and rent out the other two. I am going through the loan approval process ...
Joseph F.
What are the annual expenses of being your own agent?
I am considering getting my real estate license. I plan to buy several properties this year and I am assuming that I will be able to get +/_ 3% of the commission by having my own license.
What expenses will ...
Tom Hall
what state is worthy investing?
How to figure it out what state is worthy investing? i know it is a board question, what I mean is look at Brooklyn NY people bought houses 15-20 years ago dirt cheap and now they are millionerds or Jersey city NJ peo...
Account Closed
Calculating basis on a Flip when 401(k) loans are involved?
I have a flip I am finishing up. My wife and I took out two 401(k) loans - $50k and $30k - to purchase and rehab it. Let's say the ARV is $120k. Would the basis be the ARV less the cost to purchase is ($50k) and the c...
Varun Parkash
$3000+ in Loan Origination Charges - Closing in 2 weeks - HELP
Hello Folks, i am working with a major bank and they have charged me $3024 in Loan Origination Charges for a 250K loan.$1234 = Rate extension lock fee$1357= Prepaids$477 = Appraisals$1095 = loan processing feeThey too...
Ryland Taniguchi
Dealing With Contractors In Seattle
Having flipped since 2004 in this market, I held the belief that the General Contractors were the problem. So in 2016, I decided to see if I could be my own GC and it turned out to be a total disaster. So as of August...
Nicholas Burch
Investment firm structure
One day I hope to own or be a co-owner of a real estate investment firm. I have noticed that some investment firms do not have salaried employees, their investment Analysts/Underwriters are 1099. Other firms have all ...
Robert Oramas
Property management franchise
Is purchasing a property management franchise a lucrative business? I am looking to transition from another career not associated to real estate. I will be getting my real estate license because it is required.