I am going to look at a 3/3 with a full un-finished basement today.Price = $130,000Median Neighborhood is $155k.Rent around $1200Options:1. Pure rental property2. Finish basement and flipI just finished my primary hom...

Hello everyone!  I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job.  My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense.  H...

I’m considering cashing out my 401(k) and IRA funds to invest in more real estate and would appreciate any advice or insights on whether this idea is viable.
Current Financial Situation:
Significant savings in 401(k...

Here is a short term rental in Newport Beach, CA. The property will be needing some rehab, although I am not great with determining the number for a rehab. Appx annual income according to AirDNA - $171,754. I personal...

I just thought that I would take a few minutes and put a tip out there for the newbies. Who knows, maybe I will do this on a regular basis. Today's tip:

You can set up an account at Realtor.com to save your...

I feel like a lot of the deals I look at would cash flow but when I run them through my analysis spreadsheet almost all lose money.  I'm fine with being patient but I want to make sure there's not an error in my analy...

Hello BP! I’m looking to get a general consensus. Do you think it is beneficial to obtain a real estate license if you are investing in residential real estate properties. (Mainly Multi Family Units)

I was looking to self direct a Roth IRA, roughly 20k. After looking at some SD IRA fees (from directedira.com), I was concerned that I would be paying more in fees, pushing my return down to almost nothing if making 1...

I have a seller that wants to sell me his entire rental portfolio of 27-29 units. All properties are currently renting and I have numbers to account for total rents, Expected vacancy, repairs, PITI, etc. The cash flow...

Hey,

For rental properties is it best to have a standard LLC? and for flips a separate LLC taxed as an S or C Corp?

I have a partner and we are equal owners.

Thanks!