Allie Pfannenstiel
How Should I Finance My First Purchase?
Hi BP Community,I am ready to buy my first property in Arizona - question now is how should I finance it?I have been travelling for 2.5 years and don't have traditional W2's to show the banks. Would I qualify for a FH...
Tyler Carpenter
LLC
I went onto my secretary of state website and looked at forming an LLC and it was $600. Is this about normal? Are there any sites you have had that you would recommend to be better or cheaper?
Keith O.
Safest place to park $250k as an income investment for me?
Hello Everyone, So I just paid my house off and am now unconventionally financially independent. I say unconventionally (maybe this is the wrong word for this ..I don't know) because while I am able to net about $13-1...
Luke J Nelsen
Keep the deal or walk away due to rates? Smokies
Hey guys,
This past weekend we got our what would be third cabin under contract in the Smokies. Unfortunately rates went crazy on Monday before our rate was locked and now were looking at 6.5% and 3 points. This ha...
Danielle D.
Do I have to be taxed as an SCorp?
Hi All,My CPA is advising that I have my LLC be taxed as an SCorp because I'm an active participant in my fix and flips. To clarify, I have a multiple member LLC (me and my husband). In that LLC, I make some private...
Michael L.
Why I'm getting out of B&H, even though my returns are very good
Sorry in advance for a long post; I want to write a detailed post on how I got started in RE investing a few years ago, the lessons I learned along the way, and why I'm thinking about stopping now. I want to be as spe...
Shelly Byce
How to structure the financials when friend is the bank and you are the contractor
Hi!
My husband and I have begun the process of getting into house flipping. We are brand new to this; however, my husband has been in residential construction his whole life, including many years in project managemen...
Account Closed
Dude I'm missing something - Facebook v Real Estate - You kiddin?
I was looking at the returns of Facebook vs Real Estate and I was well, surprised. . . .I bought a property in Phoenix using "Subject To" (very little down, & taking over the loan) and turned around and sold it fo...
Joe Daiker
401k To Start?
Hello, all. I'm new to the forum and looking for feedback on using my 401k to start flipping and buying rentals. I've been a licensed broker for 13 years and I've only purchased and sold one investment. Thanks for ...
Bill S.
Meth - Best practices? What do you do?
So this is the story. Purchased a house where the tenant was being evicted. It was in fairly good condition as it had been rehabbed a few years ago so aside from the damage by the tenant it looked pretty good. I close...