Account Closed
Creating a corporation and BLOC
I am about to close on my first rental property. I am planning to create an S corp from the advice of a CPA. My question is, I've been searching for 5 tradelines for my new corp to get Paydex credit. However, I think ...
Jeremy Swathwood
Using entities to buy properties
Hi all - I'm looking for our first investment property. 41 years old, mid-career, and saved enough money to begin thinking ahead w/ some rental properties, or fix / flip. I have an LLC (just formed - haven't used it...
Patrick Howell
personal debt concerns
Hello everyone,
I currently own 1 rental property free clear and have it set up in the name of my LLC. Initially, I planned on trying to leverage this equity to purchase future rental properties, but was thinking ab...
Account Closed
Being a professional; think before you type
In the past I have noticed that some times people forget to keep their game face on.
They participate in online forums where they are both a member and a business person looking for business. Yet they act like it is...
Mike Parks
forum enhancement ???
Im new to the site and do find it very informative, but what I do find a little annoying (and maybe Im missing something) but wouldn't it help a lot if the categories were broken down by state and maybe even city? ...
Dillon Loomis
Taking "Draws" From Business Accounts
Hey gang. I'm going to be a duplex/triplex, buy and hold investor. I'm not setting up an LLC right out of the gate, as I don't have any assets to protect just yet. I'm going to own the properties in my name, and estab...
John Lewis
Preventing Commingling Funds
Hello BP,Question about entity structuring and commingling funds. Do you recommend that every investment property that I have be in a separate entity, also what would be the benefits of having a property in my persona...
Joe Rogan
Help Managing my Reserves
Hi BP. In the last three months I have managed to purchase my 3rd and 4th property. Up until now, all income has been saved. I only dip into my reserves when the properties need repairs or upgrades. However, now with ...
Lawrence Briggs
Real Estate Rookie in Texas — first rental!
I have finally closed on my first rental property. I know own two properties in TX (a primary and investment).
I’m so excited to be a part of the Bigger Pockets community! As a novice Real Estate Investor, I look for...
N Martin
Solo 401k and divorce
If someone has a solo 401k and the other spouse wants one of the investment properties as part of the divorce settlement and make it her new personal residence is that possible?