I've been interested in REI ever since I read Rich Dad Poor Dad 3 years ago. I will be graduating from LSU this August and will be working for a national insurance provider as an employee benefits rep. It's a base + c...
Hi allI had several properties in a LLC and in order to buy more my mortgage broker (very savvy guy) had me re-structure/re-characterize my LLC into an S-corp (essentially a LLC taxes as S corp). That way that one en...
Question BP family. Its just myself and my wife starting this REI investment business. What would be the legal structure as it relates to forming the LLC? Partnership?
Can you utilize a 1031 (LKE) to avoid taxes on a flip if the home is in owned personally? Or does the home have to be owned by a company to take advantage of the a 1031?
HI Bp,
First time investor here. I have a sfh in Lubbock Texas. So I would like to run it across people in Bp to get some opinion. It is a brand new sfh for 327.9k with tenants in place. The neighborhood is Quaker av...
So I’m struggling on what to do and need some help. My house is on the the shoreline of CT. Downtown walking distance to everything including the train station. We added a suana and converted our garage into a a legi...
Hi BP Community! My wife and I own a single-family home in a top school district. The house is a smaller colonial with 3 beds and 1.5 baths. While the interior is nice, the first-floor kitchen and bath are original fr...
Hi all.My wife and I have managed to buy a few investment properties but they all have been through a realtor. Our dilemna now is that we have found a magnificent deal but it is a For Sale By Owner. Since we haven't p...
I just listened to the August 1, 2018 podcast "7 paths to financial independence". Really great episode. They talked about the following method for those who don't want to be super active in real estate:Buy one hous...
I was curious if most of you avoid older multi family complexes? How much more work is generally needed to get them up to code? Do you see any issues with insurance companies not wanting to insure it unless all wiri...