David Klem
Which business entity is best? e.g. LLC, S-Corp, C-Corp, REIT
Although I'm already considering at least one tax preparer I wanted to see what everyone else on Bigger Pockets is doing. Flips are short term and rental properties are long term. I understand you don't want to mix th...
Joshua Farren
What method to find my first deal?
I have been scanning zillow/realtor every day but the delay has already bitten me. The agent I called seemed enthusiastic but he hasn't called me with any leads and I am not getting a reply from him via text now. I am...
Thomas Brinkman
Mortgage vs Equity Loan
Hi All! We own one property (our home) worth around $500k, no debts owed.We would like to purchase a second place as a rental property for 200k-250k.We also have to renovate our current home (estimate cost around 65k)...
Keval Shah
LLC to invest as an LP in a Syndication
Hi All,I had a question in regards to setting up a LLC to invest passively as a LP in a syndication.The reason for setting up an LLC is to meet the minimum investment amount set by the Syndication. I'll be going in 50...
Pete Woelfel
Turning away applicants
Hi All,
I'm currently marketing a property with a vacancy in Milwaukee and ran into something that I'm sure is routine for many of you but is actually a first time for me. I'm asking interested parties to complete a...
Giovanni Cardenas
What Comes First: The Cash Buyer or The Good Deal?
Before trying to wholesale a property, should I build a cash buyers list first and then find deals that describe their criteria? Or should I put a property under contract and then find buyers in my area? Also, what is...
Cindy Chan
Tenants bullying on site parents
I have a 5 unit property where there is a family that had been living there for over 5 years. They are good tenants. One of the units is occupied by my parents who do not own the property. My dad is very handy and ser...
Bill Cippola
Tax consequences. straight sale vs owne financing
WE are in the process of selling some land in Georgia we inherited back in 2014. We are Georgia residents. Without going into detail it was part of "gift" giving on a planned inheritance schedule below the max gift th...
Hassan O.
market research and comparisons
I am interested in investing in new to me multifamily markets in the US and have found a ton of data.
I have a ton of criteria to look at and understand it. But the question is, after all this data gathering and sum...
David A.
Tenant just text me to collect cash for this month
I used to collect rent through either chase quickpay or money order but I just received a text from my tenant saying he will pay me in cash. I am set to pick it up in 30 min. Do you guys ever collect cash, I don't lik...