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Newbie question: I've read numerous threads on the depreciation benefits of RE investing but need to ask the following for clarity. I earn over $150K in W2 income. My RE business partner and I have an LLC and are c...
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I have been presented a deal that needs a full gut job on the interior. This property is way below market value due to its condition, im looking for reliable contractors to work on this property, the plus side to this...
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So, long story short....how? I'm close to closing on my first property and realized that I haven't heard about this in any of the podcasts. So, that being said. HOW does a landlord pay themselves?
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Hello all, my name is Jayrel. I am from Virginia, Hampton Roads area and soon to move to Denver. 28 yrs old. I am a newbie to RE. I have been reading BP religiously for the past week. I enjoy the wealth of knowledge u...
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Hi Folks, My business partner and I now have 3 rental properties in both of our names. We have read on numerous occasions that the best thing to do is form an LLC together and transfer the properties into it to mitiga...
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Why you want to make sure you are vetting Contractor's and Sub-contractors not only credentials but also their surety bond, liability insurance (which is different from a surety bond), workers compensation insurance. ...
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Seller-carryback financing can make the difference between a "sold" or an "expired" listing. This is particularly so in certain economic cycles, like the one we are entering NOW! A majority of listings expire, UNSOLD,...
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Hi,I've started a blog called "bad landlord" in which I aim to share my lessons learned from my numerous mistakes as a real estate investor. Blogging is new territory to me (yes, I'm a boomer - technically) so I could...
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Hey BiggerPockets community,
As a realtor specializing in the Greater Detroit Area, I've noticed a surge of interest from investors in this region. With a rich automotive history, unique architecture, and revitalizin...
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PHONE RINGS...My wife who does our real estate brokerage accounting and investment business bookkeeping just called me to say we owe $47K in taxes...{heart stops}.BUT I didn't blink an eye because I understand the tru...