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Would appreciate any advice on my funding needs situation- I have locked up a NOO vacant SFR for a purchase price of $56k-the owner owes $56k. We have agreed to a "Subject To" purchase whereby I assume the payments wh...
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I am about to have one SFR should I get an LLC or wait to have more?
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Hi everyone. I'm going to need some advice. Some months ago I signed up with a program that uses Facebook to attract motivated sellers. My wife did not want me to sign up for it, since it cost me $9,000. I tried to wo...
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Happy New Year’s Eve, everyone! My husband I and have an unusual and very unfortunate situation. Sadly, a great tenant of our unexpectedly passed away. His roomate moved out, and we have re-signed with new residents w...
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Hello Bigger Pockets Community,I have been doing a ton of research, attending seminars, and making phone calls to answer a lot of my questions. Throughout this research I have come across a lot of beginners getting in...
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Hi guys,
In order to qualify for a 1031 exchange,
1) how long is the property needs to be rented?
2) does the rental income need to be reported on taxes for a certain period of time ? (O sense it probably will b...
Hello,
Looking for the best way to layout bank accounts for a property.
1- account for security deposit
2- account for mortgage to come out of, that tenant pays into monthly via Zelle
3- account for property exp...
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Hi all, I'm on the hunt for a good bank open an unsecured line of credit with. I've called around to a few already and the standard reply I've been getting is that they cap their credit limits at half of the borrower'...
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Hi BP,
I really need your help on this one! Now i spoke to a lawyer to review my purchase and sales contract for my wholesaling business and to help me create my LLC. Do you think $1,500.00 is a little pricey to just...
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Aloha guys, I am a new investor with no knowledge and experience looking to BRRRR in Indianapolis and looking at a Seller's Disclosure and Lead based paint. Is there anything on the disclosure that I should pay close ...