2nd Post ever!Thanks in Advance BP community. Sorry if this topic has be hashed out already.For a new landlord even if you only have one rental property how important is it to get a LLC.I've heard many different opini...

Hello AllI am looking at purchasing a rental in Milwaukee but the inspection report noted that the main water line coming in the home is a lead pipe.How concerned should I be about this?ThanksMichael

Call it winning the lottery... call it being lucky... call it what you want.This specific purchase has taught me one HUGE thing in real estate and business. Patience and networking pays off. This post has everything t...

Hello fellow BPers,I find myself in a unique situation that I am hoping someone with more experience will be able to help clarify for me. The short explanation of the situation is that an 8-unit, 2 building property (...

Hey Everyone,Recently I have been talking to a relative of mine that has real estate investments in different markets. He seemed very interested in some of the deals that I showed him that I can get in my market for b...

Hi everyone,I'm thinking of purchasing my first investment property, most likely a rental. I realize that this might be a silly question: if I purchase the property with a partner, what kind of profit should we expect...

Hello All, I am currently under contract on a 4-plex, however I've run into an odd title/lending issue.  In the title report, the property is listed as a condominium, yet all 4 units are associated with a single tax p...

Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...

Hi! I know this may sound like a complete newbie question but I really need help. I want to ‘fix and flip’ a property but I’m not sure what borrowing route is the best to take. My credit isn’t that great, and my broth...

So long story short, myself and another person co-own a property 50/50.  We hold the property in our individual names.  We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...