Hello, first post from a new member! I recently formed a single member LLC through the state of Texas to use as a vehicle to buy and hold passive income streams. I have a few existing interests in multifamily and comm...
No matter which investment strategy you use, make sure you have knowledge of all the basics to understand risks and fees that could eat into your returns. Of course, you should do this before you dole out any money or...
Hi All,We (my wife & I) own a rental property in Lombard IL. We've been landlords for a whooping 6 weeks.One of our tenant, recently tried to change oil on her car and ended up spilling oil all over the parking lo...
Current have 1 single family home LTR. Looking into getting into a beach condo possibly in the Florida panhandle. I have very little knowledge regarding the costs accompanied by this and therefore difficult to calcula...
Hello BP-
I formed my LLC a few years back as a multi member... however, I am married to the other member (no other members besides us) and think it would make more sense to transition to a single member LLC, since I...
This is my first post since joining BP and my first investment in a commercial real estate LLC. I recently was approached to join a group of investors to purchase a medical building that is 100% occupied. My total i...
Hello everyone,I'm looking to buy my first fourplex in atlanta this year. This will be my first property. Do I have to pay tax on the cashflow I receive if this is my only residence? Thanks in advance, I am only start...
Hello bigger pockets community,I am about to close on a property mid September and I am wrestling with how to approach the renovation. This will be a buy and hold. The property is pretty dated, needs mostly updating...
I am interested in pursuing the legal structure of creating a land trust that owns the investment property and the land trust is within a WY LLC.I have spoken to NCH, but I was wondering if any of you have recommendat...
I'm super confused as to the pros and cons of each of these entities. I don't have money of my own to invest with so I am starting out by Wholesaling. I've taken a class and have been made aware of 3 options I can s...