I spoke with an attorney about setting up an LLC. I was told that I needed to get a property first before setting up an LLC and that it depends on my investment strategy. However, I have heard the exact opposite as I ...

So I am about to collect my first month's (plus last and security) rent on my first property - rental application in, background checks complete, initial deposit provided in the form of a check... but I don't have a b...

Looking for a mentor to help guide me through my journey as a new real estate investor. I live in California, but am looking to purchase my first single family rental property in Memphis, TN.  I believe I have found a...

My previous employer was forced to close shop and I was just told that they are going to send me my 401K funds. I've decided I want to use these funds to invest in real estate (I have a separate IRA from previous 401k...

I posted this in the "off topic" section and got no replies:This is a situation that is not typically seen on BP. I am a partner in a small business. We have three locations currently and we rent all three spaces. W...

I have been in a bit of a funk over recently. I currently buy and hold.  I have 23 doors all of which cash flow on paper, but don't in reality. I have a budget spreadsheet that I update each year based on previous yea...

Hi BP,
I own 2 rental properties in Baltimore MD and i am first having trouble deciding on whether to place them in an LLC or not (I plan to slowly scale and house hack a new property once a year). If so, I am having...

Hi guys New to this forum and have been getting conflicting advise on this matter. This is a question on refinancing- If I own a property in a Llc company with lots of equity, I refinance, that money is classed as tax...