My name is Rizzy and I recently found BiggerPockets and have quickly fallen in love with it. I have always invested all my life but never in real estate. I want to buy wholesale properties, hold and rent them out....
Hello, I am a new investor, Saturn Arch Properties, LLC. For the past 7-months I have been working on my business plan, reading books, and learning my market. I recently establish a method to quickly analyze property ...
So, here's the situation:Our current income is around 250k+ via W-2 now, and was about 200k-ish in 2015 and previous few years. In October of 2015, we rented a house. After a couple months, the owners put it on the m...
I've been a reader since year or so on these boards. I recently learned about NNN single tenant investment and it seems like right kind of a passive income for me. The returns seems good and zero ongoing management. I...
I have 5 rental properties in my name. A FB friend mentioned that she has an umbrella policy on properties. Her explanation was vague, so I'm here to ask...What is an umbrella policy, does it replace the current insur...
Okay, I admit it:While I do have a pretty good income, I also have higher expenses than most people. But with 20k a month, is a mortgage payment on my primary residence of $3,500 really that big of a deal? (Especially...
We are closing on a home and will be inheriting two tenants. One of three will be let go by the current owner before closing because this will be our primary residency. In order to qualify for our loan we need to keep...
Hey everyone,Quick backstory. I purchased a townhome in Fort Mill, SC (Lancaster County) in July 2023. This is an investment property. The first year my property taxes were $1,619. I have just received an escrow analy...
I want to establish an llc with my wife. We will be equal partners. We live in Oklahoma and file a joint return.
How do we set this up to avoid paying self employment tax on the rental llc return?
Thanks
Hello All,I own a townhouse in Las Vegas. It was my primary residence since 2011 and it has currently been a rental property for the last 6 months (I moved to new construction). I bought the property for $105,000 an...