Tom Chen
LLCs and bank accounts
Hi everyone!So there are two schools of thought with regards to both LLCs and bank accounts.Some people say an LLC per property, some people say a bank account per property...What about having multiple LLCs, but one m...
Kevin Eisentrout
721 exchange with seller financing
Is it possible to structure a deal with seller financing and then do a 1031 exchange into a 721 exchange? The background of the deal is that the buyer desires a low down payment and prefers seller financing. The selle...
Anthony Thomas Winfrey
(First Post) Renting our existing home to fund another?
Aloha, I'm wondering if anyone could offer some perspective on what you might do in our situation (or what options we might have). A situational backstory, and I will do my best to be succinct; My husband and I are in...
Scott Boeser
New LLC (or entity) for motivated seller website?
While I don't want to be over-complicating things, I did want to make sure that I was doing the right thing (so I don't get dinged by the IRS, or worse... a LAWSUIT). My company, as you can see below, is Capitol Wealt...
Mitchell Rubinstein
Newbie Questions on Out of State Rental Properties
Might be asking obvious questions, but I thought I'd poll the BP community to get some thoughts. I am a new RE investor in California looking to invest in out-of-state rental properties. So here are my two questions (...
Justine Scheuher
Selling Primary Residence, Help!
After owning my house for 2 years, I'm ready to sell and move on. I bought before I new about BP so I want to start over with a house that fits my needs better. I don't want to rent it because I would be breaking even...
Britain Sorensen
First Large Multi-Family Purchase at 28 Years old
Investment Info:
Large multi-family (5+ units) buy & hold investment in Ogden.
Purchase price: $1,050,000
Cash invested: $180,000
18-Unit Apartment Complex currently being completed renovated.
T...
Jerry Jawuan Huggins
Help on Auction.com!
I’m currently considering buying a property from Auction.com. It is a vacant 3 bedroom 2 bath townhouse that looks to be in fairly good shape (I peeked in a couple windows.) The bidding starts at $17k and it seems lik...
Rachel Kokosenski
Snowbird Rental market in So Cal Desert cities?
My husband and I are contemplating purchasing a condo or small house in one of the desert cities (near Rancho Mirage/Palm Springs/Indio/etc.), that we would enjoy in the summer half of the year and then rent to snowbi...
Marcus Geiser
Rebuilding credit: A Journey Toward 720
What else can I do to improve credit?I let my credit slip slide away. I am now scoring 630 with a repo for a truck on my credit. Here is what I am doing:I have monitoring set up.Got a BOA secured card. Which led me to...