I went to cheap way, and formed an LLC (Florida) online without speaking to an attorney first. I know, fools rush in where angels fear to tread.My LLC just acquired 2 condos that need a little rehab. After rehab, the ...
Hi everyone,I’ve found a multi-family property in North Linden that I’m interested in purchasing for a buy-and-hold investment. Before this, I’ve come across several older multi-family buildings that lack central AC (...
Hi All,I am looking at making a purchase of a vacation rental with my SDIRA. I have had long term rentals held this way and I am pretty familiar with the basic rules related to performing work, UBIT, etc.To set it up ...
Hello all,
Hopefully I didn't miss this when performing a search, but I've read over everything I can find on seller financing and it looks like it will now be more difficult than ever to sell the POH on any ...
Good morning,
I want to bounce some ideas off you guys and perhaps get some feedback. Here’s the situation:
My father owns a 2 Bds/2 Baths house (1190 sq ft) in Pasadena, CA. Nice little house in a nice neighborho...
BEFORE WE START: This is not my success story. This is the success story of @Steven Kwan. EVERYONE NEEDS TO READ THISSteven- feel free to chime and and help us out here!***Full disclosure: Steven purchased property th...
Hey BP, I'm in the market to buy my first multifamily house hack within the next few months. I got pre-approved for $300k but I'm having a lot of trouble finding properties. Nothing on-market makes sense as expected. ...
I recently had someone tell me that you have to pay transfer taxes when you assign a contract. Is this true?
I've done contract assignments and have never paid any transfer tax. In my mind, there is no transfer of o...
There have been many discussions about this being a sellers market, and prices are high.In my market (between Chicago and Milwaukee), prices are high, but many of the properties still would cash flow well.When I run t...
Hi all!
My name is Ryan Tongue, and I’m rookie investor looking to purchase my first property! I’ve been stuck in the analysis paralysis phase for a while and have never posted before. But enough of that, let’s get ...