What metric or ratio does everyone use to determine how much primary house to buy (rules of thumb)? From reading Millionaire Next Door awhile back, the author recommended total mortgage debt to be no more than double ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/759695/small_1621496805-avatar-briank143.jpg?twic=v1/output=image&v=2)
Does anyone have Legal/Tax advice? I'm crunching some numbers and would like to propose to my mother-in-law who has already allocated in her estate plans to gift our two daughters $30K each (x2=$60K) for their college...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1664582/small_1672510090-avatar-mariom137.jpg?twic=v1/output=image&v=2)
I have a three unit building, but one unit needs to be remodeled the other two have been renting out for the past few years.If I spend X on renovating this apartment to get it ready for rental will the cash on cash re...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/141384/small_1694556709-avatar-olguy.jpg?twic=v1/output=image&v=2)
Trying to determine if this is reckless or sophisticated investing....The idea is that annual percentage increases and the possibility of rates lowering will allow for positive cashflow.-A property with a 30 year mort...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1748419/small_1621515234-avatar-johnm1745.jpg?twic=v1/output=image&v=2)
Hi BP community I just set up my account and was hoping I could get some feedback on setting up an industrial value-add fund specific to cannabis land & infrastructure development. My company plans to develop 10 i...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2103061/small_1695163147-avatar-sendill.jpg?twic=v1/output=image&v=2)
Hi, Do you have any contacts for Lawers / Attorneys that can help me register foreign real estate LLC in CA ?If any of you have done it yourself, any pointers on how this needs to be done.Thanks!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1904428/small_1694696959-avatar-saileshk.jpg?twic=v1/output=image&v=2)
Hi,I have a few multi family properties and I manage them myself. I have following questions around how to organize the properties and management.1. To keep the accounts and tax simple should I start a property manag...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2542519/small_1687267605-avatar-jacquelinem114.jpg?twic=v1/output=image&v=2)
My business partner and I started a property management company this past year after managing a friends airbnb/VRBO. There was a little bit of flexibility in terms of how we collected money with our friend at the time...
Hi guys, newbie question here. I have been considering forming an LLC and I'm unsure which one to go by. I was told single person LLC is most popular and you could include your spouse. My wife works at home and mak...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/334181/small_1621444955-avatar-mikeh32.jpg?twic=v1/output=image&v=2)
Imagining the beginning of a R/E investors career, what does it look like to pay yourself as an investor? To add more context, let say you're a hustler and within the first year completed 2 flips, gaining $40k profit ...