Will Kern
Question about setting up a corporation in Nevada
Can someone explain this to me?In "Rich Dad, Poor Dad," Robert Kiyosaki says "The reason I minimize my income is I don't want to pay it to the government. That is why my income comes through my asset column, through a...
Cynthia Occelli
Los Angeles investor finally waking up to Bigger Pockets
Hi!I'm a former 9th-grade dropout and welfare mom who discovered the power of real estate and through it transformed my life.Today, I'm a real estate broker with a law degree who doesn't represent clients or practice ...
Adam Peacock
Open to input - our first rental purchased last week
Investment Info:Single-family residence buy & hold investment.
Purchase price: $329,000 Cash invested: $10,000Bought as rental investment; elective improvement costs incurred to increase rentWhat made you ...
Nikki Garcia
Seller put a two separate contracts on house
Just a quick question we put a contract on a house. A week later our realtor informs us that the seller (an older gentleman) entered into another contract and accepted earnest money a few days after signing the contra...
Amy Silverman
Flint Multi Family in an Opportunity Zone
I recently got a great deal on my first multi family - a 5 unit commercial building in Flint, MI. Building is vacant & needs a full rehab. It is also located in a qualified Opportunity Zone. I paid cash, holding c...
Crislie P.
Hire a lawyer for LLC?
Would like to hear your thoughts on starting an LLC, is hiring a lawyer necessary when staring out a fix and flip business? My first experience is fixing a house and then renting it out but it was not under an LLC and...
Nathan Shepherd
New Construction - 27 Units - 1.6 Mil - HELP!
Long story here... 1 acre... 300 yards from University Library... 1.6MIL and I can put 27 studios on the piece (planning approved, all due diligence complete including site engineering). The problem is... I need a dow...
Nicole Heasley Beitenman
Vacancy next door created a roach infestation - seeking advice
Hello BP! One of my rentals is in a older, C+/B- neighborhood. The house next door was owner-occupied when we purchased. Our tenant is in year 2 of her 2-year lease, and she's been a dream.
House next door then beca...
Mike Enzwiler
NC Commercial RE sale - tax question - how much will I owe?
I am looking to sell my commercial warehouse here in NC. I have owned it for 19 years but have refinanced it a couple of times over that period. So, being that the amount of depreciation I take or have taken effects...
Maurice Hawkes
Can utilize an LLC when a property is restricted from being sold?
I am new to investing and BiggerPockets, in the DC area. I went to a meetup and learned, when wholesaling a pre-foreclosure, there are restrictions on reselling the property within 90 days. To get around this I was ...