Hello everyone,I'm new to real estate and to BP as well. I recently bought into jerry nortons note flipping program. Finding out that it was a bad idea. Haven't submitted any deals yet but seems fishy. Anyway, I'm awa...
Hi everyone,Couple questions. 1. Should I start a LLC when I purchase my first rental property.2. If I purchase a property in Pennssylvania and my residence is in NY where shouls the LLC be.. Can it be in NY?Thanks
Good afternoon BP!So I attended this free financial seminar last night at my local church and the speaker mentioned on many accounts that he invest in RE. He also says he dabbles in other ventures such as stocks, gol...
So I do day trading at home - it uses to be an apartment but it was a good year and I bought a house outright.Can I deduct the space I utilize in my home as a business expense on next year's taxes?Also do I need a bus...
How do you find the actual rent data, ie how much a rental actually rented out for and not what it was listed for?I'm pulling old comps, but the problems is that just because something gets listed and asks for a certa...
Hi Everyone!I am a new investor, and I'm about to purchase my very first property!! I intend to start house hacking right away, and I have a question about the Bigger Pockets Rent calculator. I am currently looking at...
I have created a Checkbook IRA LLC. BackgroundI have formed a Single Member LLC (SMLLC) with the sole member being the CUSTODIAN FBO ME IRA. The SMLLC has a checkbook and EIN. My goal is to invest in Private Equity ...
While I'm waiting for my pre-approval, I'm starting to look up fourplexes and simulating numbers on Excel, seeing which are a good deal and which are not from the MLS.Problem is that as a Canadian citizen but non-resi...
I'm new to investing but understand property management well. I plan to start my business within the next 6-8 weeks as a wholesaler and property management but I'm getting stuck on which business entity to choose for ...
I'm buying my 4th property (a duplex). I was told that once you purchase more than three properties, you need to form an LLC to protect yourself. I'm an accidental RE investor. It wasn't my intention to hop head first...