Ross M.
First-time STR - looking in and around Wilmington, NC
Hi all,This post is to introduce myself and get involved with the BP community. My wife and I are NC residents near Durham and are finally ready to invest in real estate. We have owned 3 primary residences and sold 2 ...
Eric Cady
Using an LLC. to make deals with other peoples money?
I have an idea in my head and I am wondering what legal hoops I need to jump through to make it work/how to get started.How easy would it be to register for an LLC, seek out 50k-100k cash investors, have them transfer...
Lee Ali
The Fallacy of the Necessity of Down Payment.
Banks have led a great many people to believe that the mortgage mess exists because too many loans were given at or around 100% LTV.
That is hogwash spread by banks because the...
Jorge Rojas
New to Howard County, Maryland
Hello BP!! Jorge here ready to share and learn all I can about real estate investing and my experience thus far. I've been a member on BP since June and entered into this world after reading Rich Dad Poor Dad (as man...
Gabriel Smith
ARM 10/1 financing on rental
Hi everyone!I feel like this might be a dumb question but I've got to ask anyway. Im looking at financing options to pull about 20K out of a rental. I have a hundred thousand in equity. My local bank presented me with...
Drew Gordon
Do I absolutely need an LLC for STR or is it okay to be a sole proprietorship?
I currently do not have any units as of right now but I am in question about whether I need an LLC or can I just run the business through sole proprietorship?
Edit B.
Creative Financine:Buy Under Your Own LLC & Refinance to Yourself
This has already been briefly talked about on here but I wanted to run it by anyone interested in a discussion(especially lenders). The quick and general idea here is; you have some cash, create an LLC, have that LLC ...
Jeremy Arsenault
New member from Halifax, Nova Scotia
Hey folks, My name is Jeremy, I'm based in Halifax , Nova Scotia and first got into real estate back in 2016 when my wife and I purchased and rehabbed a 100 year old duplex in Halifax's north end. From here we're loo...
Joel Owens
WATCH OUT ! Not being licensed-consulting-or collecting fees can get you in trouble!
I see a lot of posts on BP about consulting, referring leads off to try to collect fees from agents when the parties are unlicensed.
Every place I know it is against the law. I can't speak on other states but...
Terra Joa Yu
Should I give up and sell?
Hello! This is my first post so if I make a mistake I'm sorry! First I’d like to say I’ve enjoyed reading Jay Hinrich’s posts; they’ve helped me get a firmer grasp on real estate investing and I’m grateful for that, a...