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Currently in the process of purchasing a residential REO in NJ, but intend on buying property in Florida over the next several months, as well. The plan is to form an LLC, and as we are doing business in both states ...
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With the help of an attorney and some responses here, I have come up with the game plan to have a business structure as follows:Trust (Top ownership that owns the management company)Management Company LLC (first actua...
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It's kind of with mixed emotions that I satisfied the mortgage balance yesterday of an 11 unit mixed-use asset I've had since 2003. Saying good-bye to something you've had that long - even if it's debt- is weird :) ...
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I want to buy my first property. I have a good down payment saved. I have read an exhausting amount of information (including things here on BP) and truth be told, I am still completely confused about whether I should...
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Hello all,If I am just getting started in investing, and am planning on picking up a few properties this year and then scaling, I wanted to know your thoughts about opening a business.Is it recommended to open an LLC ...
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Hello,Thank you for taking time to answer my questions.My yearly income is between $150K-$200K, which means I'm a non-accredited investor. I'm still very interested in investing on crowd funding real estate platforms ...
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What are the best cities to buy investment property? Here is a recent article that precisely answers that question. Agree or Disagree? For the newbies out there, this will narrow your choices and make things simple.Te...
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Short Sales Plan closer to finalization
According to a US Treasury spokeswoman, The Treasury will soon finalize the long awaited plan to expand its incentives for mortgage companies to use "short sales" as a way to s...
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Hi all, I have been trying to find the requirements for the physical storage of gold and silver in a solo401k. Sense Financial says that the IRS requires precious metals owned by a solo 401k to be held by a financial ...
Hello,I own 2 rental properties in Northern Virginia. Our house hold income is above 295K. I would like to get guidance to protect these assets and future rental properties (buy and hold) as well as get a break from t...