Lilly Fang
Do I need to set up an LLC w/ operation agreement for just being a hard money lender?
The purpose of the LLC is to team up with other people with LLC to fund a project. My friend set up an LLC with an operation agreement, trust, limited partnership, and assets protection plan, which cost her $10,000 wi...
Pamela Starnes
Self-directed IRA input
Hi BP members....Wanting to get some feedback from those who have used a self-directed IRA for REI:- any particular companies you would recommend working with (or would not recommend)- has anyone used this with an IRA...
Dillon Dull
Write offs/expenses VS. Remaining profitable
So I have been thinking about this for some time. It seems like everyone tries to do everything in their power to increase their expenses and write-offs in order to not show any income to pay taxes on for their busine...
Robert Shadley
Setting up an ACH with tenant
Hi All,What is the safest and easiest way to set up an ACH with a tenant? I'm concerned about giving them a bank account and routing number.. Any suggestions?? Thanks!
Henry W.
Foreign investor - Shall I 1031 or LLC for a $50K profit
I am a foreign investor that bought a couple of lots in Los Angeles tax sale in a structure that was meant for development and long term hold. One lot was in my name and the other was in my pension name. However I now...
Brian Barfoot
Who do you use for online rent payments?
I've been operating on the old-school mail-the-check system which has worked well enough but I'd like to offer another option to the people who would prefer it. What companies/processes do you all use for this?
Nicholas Martinez
Carpenter looking to be full time investor.
Hello Bigger Pockets,
I've been in construction for a little under a decade now, and I know what it takes to build a house from the ground up. I bought my 1st investment property in Buren, WA. I did everything myself...
Michael Henry
Using escrow to get deals done
I feel that the riskiest part of a real estate deal is the construction/rehab phase for the project. Many of the cons and unfortunate stories are the ones where an investor gave a partner, many times out of state part...
Robert Gunby
First time buyer, wanting advice on the Hard Money Loan process
Hello, I am a little confused about using a Hard Money Loan. Do you have the property under contract and then present the information to the Hard Money Lender? When does the hard money lender come into play? For examp...
Arthur Picanco
I found a vacant home
Hi. I am brand new to this game and im not really sure how to go about doing things. I just found a home in my city that is vacant and I believe could be flipped for a profit. The paperwork on the door says to contact...