I was thinking of setting up an LLC to hold the property I’m trying to buy. Is it generally better to set up the LLC before and use it to buy the property or buy on my name and transfer to LLC after? Would it affect m...
Hi,My partner and I are thinking about starting a business in Nevada to save on taxes.We both are California residents - what are the pitfalls and advantages? Getting confusing info on the net. Please advise. Thank yo...
This is my first post on Bigger Pockets! Three colleagues and me, are in the beginning stages of developing a business to invest in a property. In order to produce enough cash for the first deal, I'll need to pull fr...
With the new tax law, our primary residence mortgage interest doesn't have tax advantage anymore to my understanding. I however own other investment properties , and there is one that is actually paid off. Would it ma...
I keep hearing about the importance of having defined processes/procedures/methods in place for XYZ in your real estate business. I've only got two units so far, and I'd love to hear from you all about what's worked/...
This question is for anyone who has a relationship with a portfolio lender, does your lender require a set amount of reserves per property like Fannie Mae? This is not a debate on whether you should have reserves. For...
Why is it that so many General Contractors in the California Bay Area drive vehicles that don't display their contractor license number or business name? Aren't they required by law to display these items on their veh...
So found a place for sale on CL. Actually a good area and price caught my eye. So I sent the seller an email on it. After a little info back and forth it became apparent they do not own the property. They are also NOT...
I have a W2, but also have a real estate license, though I work very little in actually selling real estate. I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it...
Despite pressure from the Community Reinvestment Act, designed to encourage banks to meet the credit needs of businesses in local communities, business lending has contracted 45% since 2010. More and more I am seeing ...