Vee Vu
Do I need a Website, and S-corp or LLC to start buying houses???
Hi everyone, I'm a newbie in real estate investment. I'm learning a few courses about flipping houses now. My goal is to get my first deal in the next 5 months. I feel overwhelmed because there are so many things need...
Kyle Krason
My entire 4-plex just went delinquent at the SAME TIME
Hi everyone.So, I've had my 4-plex for about 8 months now and had no issues with collecting rent for the first 6 months.. Then.. One tenant started to pay a little bit late because of some issues she was going throug...
Joshua Dorkin
How to Find the Right Property Manager
Lately, a bunch of people have been asking about what to look for when picking a property manager. Its a great question, and I’ll try to cover a few important points. I’m going to ask more questions then I’ll answer, ...
Dwayne Gilbert
God This Is Getting Complicated, Please Help
Have a contract with a seller for a house in good shape but discounted because of their personal reasons. Have a buyer, qualified to purchase, ready to pull the trigger immediately. Have a closing agent ready and will...
Bryan H.
Was your LLC put to the test?
There is always much debate on if an LLC is needed. I have one. Only because someone told me to hold my properties in it for protection. I paid a lawyer to draft it and I signed it, and filed it away. I read most o...
Account Closed
Quick Question about Existing Tenants / Cash for Keys
Hey everyone!I've been looking at a few multi-tenant properties in my area, and have a few quick questions. Most of the ones that I've looked at have existing tenants. When doing the calculations in the BiggerPocket...
Account Closed
Cheap properties available - Would You Buy In A Banana Republic?
Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A "Banana Republic"The state is buried debt, and hasn’t passed a budget in over 700 days. 100% of their monthly revenue is being consumed by cou...
Mindy Jensen
Att: Traditional Lenders - Question About Due On Sale Clause
I always thought that when you transfer title, you trigger the due-in-sale clause in a traditional mortgage.I see questions time and again from investors who want to transfer ownership of their residential property pu...
Jason Mak
Question regarding lis pendens and 2nd 3rd loans
Greetings BP Community,
Was hoping if any experience loan investors could help me out with some questions I came across when evaluation a loan for sale on auction.com
1) Basically, I am bidding for the 1st position...
Lee S.
LLC questions
First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC. She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...