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The Best Advice I ever Received – Paying it ForwardSome of the best advice I’ve ever received has not come from expensive seminars or real estate guru’s trying to sell me something.Instead, it has come from experience...
Do You Have What It Takes to Be a Landlord?No question about it—not everyone is cut out to be a landlord. Landlording requires a lot of skills and a certain state of mind—some not easily learned or adapted to. Can you...
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Hey folks! I have a couple of questions regarding the business of wholesaling in Philadelphia. 1. Can I run this business out of my apartment in an apartment building? 2. Will I have to check zoning laws at all?3. ...
Am looking for the right entity structure. It would be great if you can poke and plug holes. I do intend get a CPA’s input and an attorney’s input after revisions.
As I started writing this, I realized that many on ...
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Investing in real estate is categorically different than investing in stocks/bonds and other customary financial planning tools.
It is buying a small business. This fundamentally changes how you should think about t...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $128,000
Cash invested: $1
Sale price: $201,000
This was a short sale. The house had been purchased as a newly...
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Hi Everyone, I'm about to obtain a house and flip it. I was wondering what you're tax rate is when you flip houses. From what I read, I could be paying 40-50% in taxes. Do you guys have any strategies you use to save ...
Hi all. Looking for some advice. I purchased a rental property last year that is titled under my LLC. I purchased the property with cash after I took out a HELOC on my primary residence. I first transferred the mon...
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Very often we see people on here talk about how they are educating themselves by reading books relating to the real estate and lending industries. And that sounds great, until you realize that mostly they are reading...
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Hi all!We just opened a LLC for our rental property. I have a quick question regarding the LLC bank account. Of course this is where I keep the security deposit from my tenants. I use Venmo to collect rent. Do I need ...