Hi all,I've heard that it's smart in an asset protection way if you setup a Revocable Living Trust to run your LLC if your LLC is a real estate investing company (i.e we flip houses). I don't know much about this conc...
Just looking for other peoples thoughts on what is the best way to protect your assets. I've heard so many different strategies it's hard to try and figure out which way to protect yourself. How do you have set your...
Hi!I own 3 properties (5 units) in Arkansas currently, but I live in California. I would love to know if anyone has advice on where I should set up my LLC? I would like to do a couple of flips in the next 6 months and...
I sent offer to one property that was on market for more than two years.
That property listed for $200k,one year later ,lowered to $150k.
right now is $84k.
I wrote an offer at $50k.
We reac...
Hello all, I already have another post about this deal, so I won't get into the specifics. Basically I have the deed and it's closed. Sellers will be out in 3 days and I just want to make sure I get my checklist right...
Hello,I recently purchased a tax lien certificate in Alabama (property was sold at the 2015 tax sale). The property does include a house. I had a few questions about my rights as a lien holder. I have been reading/...
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
Good day, BP members!My wife and I have started the process of reading everything in sight on BP, listening to forums, reading books, analyzing potential deals.. we're about 3-4 weeks into this process, so we're still...
Real estate can be a rewarding investment, but it also comes with various financial responsibilities, including taxes. Fortunately, there are several tax-saving strategies that property owners can utilize to maximize ...
I’m 22 years old and I livin Texas I have some cash on hand right now now and I don’t wanna blow it, I want to do something in real estate or anything that has good returns please let me know, thank you!