In Colorado...can an LLC have a non-owner managing member?Explanation - I'm a California resident. To avoid paying the California LLC fee for my Colorado LLC, it was recommended I make my brother (Colorado resident/pr...

Hey All -

As a result of their similar names, there has been some ongoing confusion between our PRO Basic and PRO accounts for many users on BP for some time now.

This has been a small problem for us a...

As a Realtor should you do business through a Corporation or LLC? Im told S-Corps are preferred, but havent got an explanation as to why. Any agents out there set up their own entity for liability or tax purposes?

Hey BP,So I am reading What Every Real Estate Investor Needs to Know About Cash Flow by Frank Gallinelli, great book so far. However, I'm really getting hung up on the concept of Discount Rate. In the book he uses 10%...

Hi everyone,
I'm looking for a layman's explanation of how a 1031 exchange works. I did some searching in threads and many of the explanations are pretty complicated. Can someone post a simple step by step guide to t...

I would like to get out of my 9-5 and I am currently already selling real estate on the side. My wife and I just bought our first property that we will fix up and lease to own. When I talk about buying another prope...

I have found lately that I am out growing some of my real estate relationships. One relationship that has changed is with my insurance company. The reason is my old co gave each one of my properties a different policy...

Hi all,I wanted to share a process that I just started using to automate my rent receivables. Chase bank offers a service called QuickPay, free to its customers. QuickPay is a process that you and your tenant can use ...

I found a very attractive bank owned property that will go up for auction in a few days. I am planning on utilizing the BRRR strategy with holding it in mind for continuous cash flow once I refinance / pay the credito...

I have an opportunity to buy 2 homes for the live of ONE!! Woohoo... heres the catch Home A: $50/60k purchase $50k repairs ARV:$135k Rent $1250 ( this home is owner financed to a guy who’s always late and behind on ta...