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Hey everyone need some quick advice. I have one rental property currently and I am looking to go for another soon. Is an LLC recommended? If so when? And what are the main benefits of it? Thanks!!Nick
I am wondering if it is possible to set up a legal self insurance company for rental property insurance? I am not talking about just dropping coverage and taking the risk, and I am not talking about dropping insurance...
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I was wondering what the construction costs per square foot are in Colorado Springs. Would there be a large difference in price for a two story vs a rancher? I'm looking in terms of a 1000 to 1500 square foot house. I...
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Hi All,
I'm new to the Bigger Pockets website and forums
but no stranger to the litany of Bigger Pockets publishing and podcasts,
in-fact it's become a passion of mine over the last half year or so. I'm
curren...
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Hello BiggerPockets community,As a newbie, I have been playing spectator for a few weeks while soaking in all of the knowledge and experiences shared on the site. I've had three years of experience in Real Estate Sale...
We currently own around 40 multifamily units in Northeast Ohio. They range from a few duplexes, to a few 6-plexes, to a 12 unit apartment. They are all within 1-2 minutes of each-other (walkable distance), and we are ...
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Hi All,I am selling a duplex for 2.3 mil. I am doing a 1031 exchange. Based on the 200% rule I can buy as many properties I want as long as they don't exceed 200% of the sale of my property. I want to split the m...
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My sister and I are new to REI, but we're stoked as hell to jump in, and we happen to be lucky enough to have access to ~$275K in cash. We're trying to think through what is the best approach for investing this cash i...
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Good day and Happy Friday,My name is Rico and I am reluctant to say I am a newbie because I have done my homework and will continue to learn as education is a life long process. I know the path I want to take and I do...
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What are the 'economy of scale' benefits of properties with multiple units? If one self manages I can see time savings due to not having to travel to multiple locations. But on the other hand, as there are fewer multi...