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I'm thinking about purchasing my first rental property to diversify my assets. I'm wondering if starting a C corporation, where I am the sole shareholder, makes sense. I know some downsides: double taxation as the cor...
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when calculating your ROI on a rental property - do you eliminate the principal portion of your mortgage payment since you are essentially paying yourself?
For example:
Purchase Price: $174,000
Mortgag...
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Hello BP I have quick question.When the notice to preforclosure is given how much time does the property have until forclosure?
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I'm sure this has been asked (and answered) somewhere in this forum, but...
What is the best way to hunt down owners of vacant properties?
I am a wholesaler and we send out 1000's of direct mail pieces and get ret...
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Like many on here I’m just getting started. I have been reading and listening to everything I can. It sounds like monthly cash flows net the 30% for vacancy, repairs and capital expenditures should be greater than $2...
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So, here's my situation... My wife and I own a 112 acre farm in Virginia. We bought the raw land in 2013 for appx. $305K. Since then, we've put nearly another $200k down for building a new house, driveway, & som...
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Texas seems pretty straightforward when it comes to setting up an LLC with a partner. Would you recommend doing it myself or hiring an attorney. Please give a straightforward answer- i know you're not an attorney and ...
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Hello all. I'm new to this world and excited about learning more. I'm currently in the Dallas/Ft. Worth area and I'm looking at taking my first steps towards financial independence. I've made huge gains in paying down...
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Hi, I currently have two properties in Jersey City that I rent out and am working on getting my third. When would be a good time to start an LLC and switch the other two properties over? I currently have umbrella insu...
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I was wondering how investors are valuing property these days? I have a realtor send me listings of properties that I am looking to rehab, but I just don't have a great idea of what is a good deal or not - other than...