Tim S.
Should I FIRE my Law Firm?
Hello BP!Long story short, I've hired a law firm to form a single member LLC for the sole purpose of investing in rental properties. However, when electing to be taxed as a sole proprietor (IRS default for single mem...
Brandon O.
New to the field
Happy 2015 everyone! My name is Brandon Okitipi, and I'm a "newbie" to BP as well as the field of real estate. I'm very excited to pursue this endeavor for my family and I. I'm twenty eight years old with a wife and t...
Katlynn Teague
Real Life Wholesaling
Good morning BP,I have seen a lot of posts about people wanting to get into wholesaling. Here are some things you need to know before starting:To preface this post, I have been wholesaling full-time for a little over ...
Evan Bonnell
Mold problem won't go away!!!
I purchased a fix and flip that got complicated when we found one of the basement walls was bowing in. It ended up being an easy fix, getting steel braces installed for about $6000. Then things went south...I decided ...
Nathan Hood
Love some advice on taxation!
Hello all,
I am a chef that bought a live and flip to get my foot in the door with real estate. I bought a foreclosure and fixed it up my self and added a bed room and bathroom on to the house. The restaurant I was...
David Rushton
Owner Finance - Buying a Duplex from a Family Member
Looking for advice! So my wife’s Auntie is trying to sell her duplex Lincoln Square, Chicago. She isn’t getting the price she wants and I just feel this is like a great opportunity for me to get it. I haven’t approach...
Tony Herrera
New Real Estate Investor
Hello everyone, I am from Houston, TX, and new to BP. I hope to meet new and seasoned investors to learn as much as possible. I plan on leasing my primary residence and house hack into a new property for my family. I ...
Account Closed
Setting up DBA / Bank Accounts for 2 properties
Hi RE folks, I plan on renting and managing two properties this year. One of the homes is alreay paid off, and I plan on cashing out refi into the second home.It's now time to separate finances. I've decided to go wi...
Austin Haynes
First Time House Hacking
Hi, I am in the process of buying my first rental property in South Jersey and I plan on house hacking a 2-4 unit property. I have done a plethora of research on real estate and house hacking through bigger pockets as...
Account Closed
What start-up costs did you fail to anticipate in your business?
This is a survey. To restate the question, when you formed your business, what costs did you fail to notice?
All responses are appreciated.