I get asked about the BRRRR strategy all of the time and honestly don’t know if anyone that’s done it in my market where the property cash flows afterwards. It sounds great. Keep using the same money over and over. It...
Hello all, should you keep flips separate from an LLC that holds rentals? If so, why? Other than asset protection.Is the income taxed differently? I typically like to take title via Land trusts and have the benefici...
Hi all,My wife and I are set to close on our first rental property next month which we plan to manage ourselves and we also manage a rental property that is owned by my parents. We both have income from W-2 jobs but m...
Hello everyone! (I'm a new to wholesaling) I was driving for dollars yesterday & this neighborhood has A LOT of abandoned houses. So I’m going to try to see if I can wholesale them if possible. HOWEVER... it is in...
I was thinking of buying a condo as a rental property in the bay area ( fremont, san jose, milpitas area). I spoke to my realtor about it and he advised against buying a condo due to the following reasons:1) HOA assoc...
I had a blast writing my Diary of a New Construction Project thread, and the feedback I got from that was great. So, I've decided to try another one...this time tracking and discussing the ongoing saga of a renta...
Hi There,
A couple members of my family is looking to start an entity to invest in real estate together. We were thinking about having the following structure and had a few questions that I was hoping this group coul...
Hello,I am using Zillow to list my property for rental. Since we used to use realtor, this is our first time and we are a little confuse on the proper ways to screen clients.1. Shall I list the minimum credit score un...
I've read advice here on BP saying that it doesn't make sense to hold RE in a "tax efficient account" because you "lose all your tax benefits of RE". I find that puzzling and I'm looking for clarification. Sure you ...
Good morning BP! I am cold calling 20 leads a day and came about one that the owner is interested in selling off the remainder of his portfolio of 10 SFRs as a package. I need some help/advice on how I should proceed....