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So going full into research mode and sharing my findings with my wife and I bring up the fact the buying a multifamily for our first home is better than buying a single family but she's not having it. I'm trying to te...
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Pretty simple question, that my searches haven't turned up.I understand cash flow, expenses, and the 50% rule. I also understand that people tend to look for a certain number for Cash on Cash return (e.g. 6-10%). What...
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I am a first time investor and I am wondering about moving my soon-to-be rental property into an LLC. Is this a good idea, why or why not? I filed for an LLC along with my application for a business line of credit. I...
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Investment Info:
Large multi-family (5+ units) commercial investment investment in Putnam.
Purchase price: $467,500
This is a little delayed posting as this project is coming close to complete, but I bou...
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Hey everyone! I'm closing on my first property next week (finally!) and I've been advised by some friends to go the LLC route. It's a triplex, and I do plan on purchasing more in the near future. I guess my question i...
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Still learning, so I figured it would be good to keep some running updates on my progress with this!This is my first purchase after getting involved with BP. I had purchased a SFH when I lived in CA because I “fell in...
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I have been bouncing around this idea for a few weeks. I currently have a debt free duplex valued at $185,000 that does $2,000 a month and a 7 unit building that has a lean against the building for a personal business...
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I just recently purchased a duplex in York County Maine. I wanted to open an LLC in Maine, and am considering one in Wyoming. I am looking to purchase further properties in the area over the next several years. It a...
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We have the opportunity to re-purchase my wife's family home in Phoenix. All we have to do is refi/pay off the existing reverse mortgage which then transfers the property to us. We are going to cover this debt one hu...
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Hey there everybody. I'm trying to come up with money so I can put some "skin in the game" for a first real estate investment. My current income is spoken for being that it goes to family expenses. I know private ...