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Hello BP!Long story short, I've hired a law firm to form a single member LLC for the sole purpose of investing in rental properties. However, when electing to be taxed as a sole proprietor (IRS default for single mem...
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How do I create a Land Trust in the state of California. I believe there is no registration for it and I will need to assign a Trustee and place my SCorp as the beneficiary? Is there a standard document for this? Or c...
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Hi everyone, I'm a new investor who has spent quite a lot of time reading and looking into the process. I'm looking to get my first deal but won't be able to qualify for a loan since I'm an intern. My situation has pu...
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Hey Everyone, I have pre-approval letters on a duplex and a triplex, and on the triplex, the owner pays all the utilities. The triplex is listed for $95,000 and brings in $2500/,month in rent, while the duplex is list...
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Hi everyone,I'm a complete newbie at investing, and I feel like even with the books I've read there are still so many unanswered questions I have. For information, I'm a year out of college and have a very decent W2 i...
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Hi there. My parents are selling a commercial property they own in full that's held in an LLC (of which they are partner members. Can they 1031 exchange the proceeds from that sale into a syndication deal as a limited...
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I was wondering if wholesalers in Orlando have seen a slow down in responses from their marketing, particularly in the 2nd quarter.
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I am from the San Francisco bay area, where prices make buy-and-hold investing very challenging. I am interested in investing out of state, in locations where it is more practical to find stuff that can become cash f...
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Curious, and at what price point? My highest rent property has been on the market for a while and even though I've dropped the price below market, people just haven't been coming to see it this time of year. The agent...
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I’m a new investor trying to get all my ducks in a row in order to purchase my first property. I’m aiming for a BRRRR strategy, so I’ll be starting with a hard money loan and then doing a cash out refinance with a loc...