Yinan Q.
Two LLCs own one property?
My partner and i are planning to buy a property. We each have our own LLCs. I am wondering if we can fund the property with our LLCs 50:50? In other words, can a property be owned by two LLCs? This way we don't have ...
Randall E Collins
At a dead-end road in real estate/wholesale
The saying goes and it's true, one has to spend money to make money. But when one has no money to invest, how is one supposed to spend it? Another is the definition of insanity is doing the same thing over and over an...
Account Closed
Is BP just for guys?
A recent BP blog article by Scott Trench had the phrase “. . . guys like us here on BiggerPockets . . . “ I commented about the gendered language, because if people don’t realize they’re doing it, it can never change....
Account Closed
I think I know, but would love some input
So, I just closed on a duplex with two tenants. I am going to renew the one, they have a month to month in place. The second is a problem tenant that I have decided to not give a chance. They have a 12 month in place,...
Nelson Fournier
Where can one find contracts?
Many of the wholesale content creators on youtube or their own websites, give ALOT of valuable information, but one of the things they all leave out is 'where can we get these contracts from'. Completing these contrac...
Larry Hatten
percentage
HI GUYS HOW MUCH IS A RESPECTABLE PERCENTAGE OFF A WHOLESALING DEAL FOR A REAL ESTATE AGENT WHO,S WALKING ME THROUGH THE WHOLESALING PROCESS /MAKING SURE THE LANGUAGE IN CONTRACTS ARE RIGHT,BASICALLY MENTORING ME
TJ McLaughlin
How does "Refunding the tenant-buyer" work in Lease Options?
Ok. Im very confused about how the "option deposit" is credited back to the tenant-buyer. I dont understand how rent credits connect to this.Say a seller wants 100k for a home. I want 3 percent for my fee. So from wha...
Jake Benny
Building a Strong Network in Real Estate Investing – What’s Your Biggest Challenge?
Networking in real estate can feel like an uphill battle. When I first started, I found it really challenging to connect with the right mentors and filter through the overwhelming amount of information out there. It’s...
Tim Coppola
Concern of excessive water usage
Hello everyone,I'll try to make a long story short here. I recently had a tenant who I could hear running the water for long amounts of times (15 minutes or more). After the third time in three weeks I asked them what...
Pat Reilly
What is the IRS definition of a flip
I'm unclear on this and have not found a definitive answer through google searches. The IRS allows you to buy real estate with your IRA, with some very specific rules for doing this. However there is one rule which ...