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Hello BP Community,My name is Thomas Weir and I joined BP back in May. I have been enjoying the podcast recently, but never actually logged in. I'm an investor in the Tampa Bay area still working a 9 to 5, but plan to...
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I am leaving my job soon and moving to the DFW area to open my own business. I am getting $100,000 as a severance payment for leaving. I want to invest this money in getting a personal residence and purchase 1-2 buy a...
Does any one think its smart to have a employee in my llc were all they do is wholesale property’s for me and get payed based on commission
Hello everyone, we recently bought our neighbor's house, tore it down and built a new home. Now I'm interested in renting the old one out. I would have about $600 cash flow per month. We have a lot of equity in the...
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Good Morning Biggerpockets,I am a rookie real-estate investor in Bel Air, MD who is looking to gather a team together. My goal is to purchase BRRRR type properties. I’ve already purchased one turnkey buy and hold prop...
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I have a Roth IRA, and was thinking of taking it out this year to avoid the penalty (CARES act) and incest into rental properties. I plan to then scale up using 10-31 exchanges to defer the capital gains taxes. I know...
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Those of you that do a combination of long-term investing and short term flips? I am fairly new to investing, but I always thought I'd hold everything I bought and simply build out my rental portfolio.I have a propert...
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In @Brandon Turner's The Book On Rental Property Investing, one criterion he uses for screening tenants is that "their gross monthly income must be approximately three times or more the monthly rent."I would like to a...
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Hello BP members,Any advice on doing the Brrrr Strategy? I'm ready to take on rental property to create cash flow.Thanks,
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I current own multiple properties and was wondering what you thought about having checking accounts to represent each unit individually or one checking account representing total portfolio.