Chris Coleman
SE Tax issues of adding spouse to LLC?
What are the SE Tax implications of adding my spouse to my LLC? Here's my scenario: Right now, all of our income comes from my employment salary, and from investments (rental income from RE and Stocks). My income is...
Account Closed
$150,000 W-2 and RE investing. An observation
RE isnt going to get you there. Case in points.1. Dave Ramesy loves RE yet readily admits biggest wealth generator is a W-2 job.2. Notice how many SUCCESSFUL RE investors have joined the BP payroll. Im sure at...
Andy Palmer
Denver still works... if you're patient... and lucky.
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $347,000
Cash invested: $49,000
Sale price: $484,000
This was my favorite project of the flips I've done. Larg...
Brian Leigh
Financing Scenario: 10+ acre Homestead Outside Philadelphia
Your goals and story: My goal is to purchase a small homestead outside of Philadelphia and complete renovations prior to moving in. Due to the property being over 10 acres and needing repairs, I am having difficulty s...
Erik Smalls
Please give me some advice. I want to buy in LA
Hello
I haven’t been here in a long time because I very rarely have money to invest.
I bought a half-duplex in Belleville NJ in 2017 for $188,000. The Zestmate is $265,520. I owe approximately $175,000. I have a tax...
Katy Logue
Pros & Cons of using a Local Bank vs a National Mortgage Branch
I was wondering if I can get some insight of the pros & cons of using a local bank vs a national mortgage branch to fund rental properties.Here is our current situation. My husband and I are starting out with our ...
Joey English
Work to learn, not to earn.
Work to learn, not to earn:There are concepts that have truly life-altering effects. For us, the idea of working to learn, not to earn was one of them. This notion came from a book we read called “Rich Dad Poor Dad” b...
Account Closed
3 family rehab investment advise
Hi all,I’m new to real estate and could really use some serious advise on how to proceed forward with my first rehab project.I have a paid off 3 family in Boston that appraised for 685k. I took a 245k equity loan out ...
Cameron Hunt
Looking for Recommendations
Your goals and story: am trying to buy Mom’s single family residence from her on the coast. We need to do about $50-60k of repairs. After that our two exit options are sell the property or get a short-term rental p...
Account Closed
What Market to Target Next
Hello Fellow BP MembersOk so I am feeling a little overwhelmed and “Paralysis by Analysis” right now so I figured I’d reach out for some help and assistance through the forum.As my profile shows, I am a wholesaler. Fo...