I have been reading books and watching podcasts for the last few weeks. As I have been watching and reading and LLCs have been brought up. I have noticed their is a Rec commendation out there to start your first LLC i...
Hello everyone, I'm looking to get my first single family rental property soon and was hoping to get some advice.
I was planning on borrowing a 20% down payment along with rehab costs from my mom and giving her a 12%...
Hey All,Hope your Thanksgiving found you well!Question for the masses.Why is private money, from friends and family what I hear is "the way to do it" such a good thing, when I am seeing private money mortgage brokers ...
Hello Friends,
I'm currently in the processes of evicting a tenant for non-payment of last months rent. I'm concerned that this might slow my investment goals down. I can show my loan officer that I have a lease for...
So I’m in a bit of a predicament. We are selling an existing rental property and want to do a 1031 exchange to avoid the tax consequences. One property that we are looking at to invest in as part of the 1031 exchange ...
Hi, I'm new to BP... still very much in the "gathering information" phase as I learn about real estate business models and investment strategies. I'm active duty military, and any near-term investment strategy I pursu...
Hi all - I am about to close on a 4 unit in Washington DC. The ARV of this building will be ~$1M; however, if I convert the units to condos, each condo would be worth about $315K ($1.26M). Would be great to get that $...
Hello,
I am looking for someone to provide a complete step by step guide to selling a vacant lot in Michigan. I own several small vacant lots and I want to sell them by myself to avoid unnecessary fees. What I'm look...
Hi BP! My name is Yuji and i currently reside in Torrance, CA. I came here last year from Tokyo, Japan. Like lots of other folks in BP, I started educating myself about personal finance and FIRE an year ago. I really ...
What is the correct way to deal with this? Do you ask for additional bank statements, tax returns to see if the person has enough savings to supplement their Social Security benefits and qualify for 3X gross income?
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