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Hi all, I was reading a book by Rich Dad Advisor Garrett Sutton and he mentioned opening a Wyoming LLC to hold LLCs operating in other states with weaker LLC protection. I wonder if anyone have done this?
My main qu...
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MY FIRST BP POST! YAY!I have read 100 books, read forums, watched podcasts, analyzed deals, talked to my lender, paid off all my debt and I have $50k to play with. I can't use that $50k to buy multiple properties in D...
I am not sure there is really a good thread here in BP which address this question. I know there are many blogs but those do not provide expanded conversations around the idea, IMO. If you are a seasoned, new or pot...
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I'm new to bigger pockets and would like advice on what steps I should take next. I am a new engineer making 76k/yr start. My wife is a psych tech making 45k/yr. Credit score 800.We started out with our first purchase...
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I had someone bring up an interesting business plan after my recent trouble with purchasing a HOA lien that was thought to be a first mortgage. The idea would be to purchase HOA Liens and then rent the property out ti...
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What is your best method, tool, resource for finding deals in todays climate? One of the biggest challenges I hear today from investors is finding deals (the right deals), what are you doing to overcome this hurdle?
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Hi there,My wife and I recently bought a house in the King of Prussia area in Pennsylvania. I'm not familiar with bathroom remodel estimates and am trying to get a better sense of how much we should be anticipating sp...
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When evaluating a property what do you look for:
High Cashflow?
Example: $74,000 house rents for $900 month, buy with all cash gives you a 9% Cash on Cash return and a $587/mo cash-flow.
or
...
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A loan made to an individual or a business can be secured by real estate or real property. This is also called real estate lending, or trust deed investing. A trust deed is recorded, putting a lien on the Title to the...
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To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...