I ran across a post on FB today about Landlords being predators. The OP stated that they had been paying rent for 10 years to the tune of $160,000 but could not afford to buy a house. This, according to them and a cou...
Hello,Thanks to everyone on here for your expertise and willingness to help us young guns. Can’t wait until I have enough wisdom to pass on one day and pay it forward. I’ve been primarily doing flips and building capi...
Is it possible for one person to do a 1031 exchange out of a 4 person LLC? LLC was formed by 4 people (25% each) to purchase a commercial property. I am buying out the other three. I can dissolve the former LLC and st...
What type of business is best when planning to accept funds from investors to buy and fix properties ? LLC ?
How will my investors funds be subject to taxes ?
Hi everyone,
New investor here, taking action and embarking on flip 1 (thanks to Bigger Pockets). I have been fortunate enough to have networked my way onto a small team (4 of us total) of experienced flipper/investo...
What are best practices you recommend for someone starting with their first rental property? Should the tenant payments and mortgage payments be run through a separate bank account than my primary personal account? Ho...
I know this may sound crazy but I found a great deal in a growing neighborhood. I was advised by an investor to ask a family member for a hard loan to be able to flip my first property and possibly split the profits (...
How much do you put back in reserves for your properties on average? I know each situation is different.
Using a contractor to rehab a flip can be a good idea for several reasons:
Experience and expertise: Contractors have experience and expertise in construction and renovation, and they know how to get the work done qu...
I have a deal im negotiating that i think i can pick up for 52k in st clair shores, MI 48080. 85-95k is the ARV and can sell fast. It already has updated plumbing, electrical, and a new furnace as well as some applian...