I'm a RE investor doing rehab/flips and operating out of a single person SCorp. My partner does the same thing. We take title on properties as our two corps with a 50% ownership share. It has occurred to me...
What i...
As I'm getting the foundation of by business started, I'm trying to take into consideration the tax implications as well as the legal implications of the money I spend. Since I don't know the answer to this questi...
Hi everyone,
I'm sure we've all heard about setting up an LLC to protect yourself and assets from unexpected problems in a property. I've heard this one can be difficult to do.
I recently heard ANOTHER option is to...
How important is separation or anonymity between my business and personal when I'm using my home as the registered place of business for my LLC, and using a work cell phone for investing. It was never an issue in the...
A friend of mine is buying his home all cash. For the purpose of asset protection (protect against frivolous law suits Ect) -- Should he put it in an LLC?
Because it's not technically ran as a business, would this...
Hello "BP Rockstars,"
I have been approved for 3 separate personal mortage loans of 70 - 80k each, and I was initially looking at investing in SFR near Atlanta GA Metro area, however, I have been doing some res...
I have been approached through the company where I got my initial training about hiring a personal coach to help jumpstart my business. Does the BP community recommend hiring a personal coach to work with you? If so, ...
This is my first post as a member here on bigger pockets. I was hoping to get some general information that could help me purchase my first rental unit. I have been interested in rental units for a few years now and I...
Hi all. I'm wondering what you guys think about using personal line of credit to put downpayment on my next rental. Does it make sense to use cashflow from the property to pay off credit? #ASKBP
I am currently building a plan to start my REI business. I am curious as to what are people's opinions on debt, emergency funds and cash reserves before getting involved with an investment property? I think credit car...