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So I found a way to avoid the double transfer tax by utilizing 1. an option contract 2. a notice of option contract and 3. an option termination agreement instead of a purchase agreement with the seller. You act as ...
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I'm ready to invest in some small multi-family units with two of my brothers. We have been discussing the upside potential of shared initial investment costs. We have discussed less about the potential pitfalls and he...
Hello!I am having difficulties understanding how investors can get more financing after the first or second property. I am not talking about coming up with the downpayment but rather regards to mortgage affordability....
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Hello i have been a general contractor for thirteen years I started out in the trades (Framing, tile install, cabinets, decks, fences) and moved on to building houses from ground up and finally for the last seven year...
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Hello BP community! Just a warning, but this post may be quite long!My name is Jimmy Hoac and am super excited to have found about bigger pockets! I was born and raised in South Philadelphia and am currently still liv...
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When investing, is it easier or best to go through a Realtor or the Motivated Seller themself? What are the pros and cons of using a Realtor?
Let's say for example that as an investor you are focusing on assigning co...
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I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
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I have been toying with the idea of buying a food franchise, and have been working towards it for last couple of years. I calculated my current debt to income ration at 37%. It does take into account my current salar...
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What goals did you set for yourself to achieve before quitting your W2 job? What's your journey to time freedom and financial independence look like?
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In today's Episode of the BiggerPockets Money Podcast (BiggerPockets Money Show 230) we talk to Lisa about raising rents on existing tenants.Do you raise rents annually, and potentially lose a great tenant or do you k...