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Hello all. I am looking into forming an LLC for my rental properties, then I was made aware that it is possible to be taxed as an S-Corp. I kind of understand this method as far as having to pay yourself a reasonabl...
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So yesterday I was talking to another investor I'm trying to buy from and in our conversation I asked him if had every refinanced any of his properties to buy another and he told that he hadn't and that you never want...
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Seriously looking for input from RE investors.I've read many discussions and had conversations with many others about servicers, servicing and supporting the investor network. There are a lot of opinions and ideas out...
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Hello Pocketeers! I have been a member since November 2015, but never actually took the time to participate in the forums and I kinda regret that. My name is Melvin and I'm currently active duty military. I developed...
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OK, question: using the BRRR method and playing the numbers game by analyzing a lot of deals I would then put in a lot of offers, until I find someone that will take my offer. But I obviously dont want to visit all of...
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Hi, all.Just looked at a HUD property today and noticed the attached cracks in the ceiling/walls. Without going too deep, does this look like a structural issue to you? Roof appears to be new(er). House built in mi...
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Working my first deal with a friend of mine. My investment funds are from my Solo 401k. We are able to do the deal with cash, including renovation costs, using a Tenancy in Common arrangement. He will be doing the ren...
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I recently purchased a home for 313k in a Minneapolis suburb. Great neighborhood and I wasn’t thinking of flipping it until I moved in and realized how nice the home could be. I am thinking that with 60k (higher end o...
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What are ways to split ownership of property? As in, the actual logistical steps. Who to talk to, what to bring, what to arrange, costs and fees, issues, timeline, etc. Types of ways to split property? LLC? S Corp? Tr...
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Hi all! First time post here - I am currently house hacking my 5bed 3 bath, renting out 3 beds and 2 baths as individual units in South Decatur (20 min drive to downtown Atlanta and the airport). I've had a multitude ...