Jim Witten
Taxes on RE Income through an LLC vs Finders Fee?
If I brought a property to someone in California, and my intention was to setup an LLC with the person where I get $10K (for example) from the net when it's sold. But they just want to pay me a $10K finders fee upfron...
Michael Frank
Wine country vacation rentals
Does anyone invest in wine country vacation homes? It looks like you can make a nice return on places near the russian river going the short term vacation rental route but having a hard time finding ones that would al...
Account Closed
Wholesaling Alternative - Potential Income Stream
Hi Everyone!I currently assist clients who provide business professionals and corporate employees with short-term rental accommodations via the rental arbitrage model. I have been quite successful, but the job keeps m...
Raam W.
Disclosing the purpose of the HELOC
I am trying to obtain a $100k HELOC on a $200k out-of-state investment property that I own free and clear to use as a down payment for a new home that I will live in. WF recently rejected my application. Some of th...
Bryan Wasniewski
Pros & Cons of NJ Real Estate License
Hey bigger pockets family ! I am in the process of reading the new bigger pockets "How to Invest in Real Estate" book. My goal right now is to pay off my C/C debt ($6,400) with an average $200 weekly income. I was con...
Sachin Amin
Tax benefits from Qualified opportunity zones
Hello tax expertsAny recommendations on how to avail tax benefits on capital gains, was researching and found out QOZs (qualified opportunity zones) there is a new tax law which allows capital gains to be invested in ...
Jamie Parker
When to Form an entity
As an wholesaler, when is it smart to decide to form a LLC? Do I wait to build traction in the business or should start one right away. The purpose for this question is due to the tax benefits that may come with an en...
Jerome Morelos
MTR Income Loan Qualification
Hello BP, what are the lender requirements for Mid-Term Rental income? I started my MTR in Sept 2023 and some lenders I've spoken to are saying different things such as 1 year tax returns, 2 years tax returns.. Can't ...
Alexander Johnson
I’m currently military
I’m currently in the Army and get out Feb 2022 and will be moving to Washington state. I am reading and studying real estate investing for the time I’m still in and feel comfortable jumping right into house hacking on...
David Schroeder
Just Getting Started
My name is David Schroeder and I am 34 years old. I have a lovely wife and two beautiful children. I have lived in the Greater Chicago Area for 12 years. My wife and I just bought our first home in July 2018 in Mundel...