I'm just now hoping to make my first investment. But, I'd like to get an LLC setup. I can't remember where I read or heard this but someone recommended setting up an LLC where your rental properties are located. Can s...
Hello Everyone!After reading all that I could on BP about tiny homes, I came up with a thought that I wanted to run past everyone...If I buy a piece of land in a relative growing location, what would be some downsides...
Hi all,
I got all my accounting in QuickBooks. I own a rental property but I'm also currently looking to start flipping properties.
I have a good grasp on accounting and set up a chart of accounts and e...
Hello BP!
I have a possible partnership opportunity and I wondered some of your thoughts and expertise.
BACKGROUND
My partner has all the capital for the upfront costs to purchase a single family, but doesn't have...
Hi everyone. I'm looking for recommendations of attorneys that would be good at setting up an LLC for doing a BRRRR project in California. The project is specifically in Oakland, but that part probably doesn't matter....
Hello BP Community.
I'm going buy my first home in the next few months. I am currently renting, but looking to buy a multifamily and househack to get started in REI.Currently I have 1 checking and 1 savings account...
My husband and I would like to start investing in Indianapolis, Indiana and we already own a couple of properties in Huntsville, Alabama. However, before we begin investing in Indianapolis, we want to travel there to ...
How do you analyze a rental property if you know you are going to use an FHA loan for your first deal, while using the 2% and 50% rule? I know how to do the rules but how do you incorporate the right numbers If you kn...
We are purchasing our first rental property. I duplex on a FHA. With that said the loan is under my name but I do have an LLC. What is the best and most efficient way to collect rent? Should I accept it to my name or ...
I'm thinking about setting up an opportunity zone fund. This is still pretty new. There's some talk about it, but I don't know how many actually exist at this point. So has anyone actually done it, and what has the...