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My CPA suggested forming seperate LLCs for each rental property I purchase. He states that this limits my liability if there is an issue with one property. I have just one property currently, but I plan to purchase a...
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My wife and I purchased a home in Scottsdale, AZ in 2018 - $325k loan, 4.875 rate. We moved out of state in 2021 and have been renting ever since (long term, current tenant 3yrs @ $2,850). We had maybe $200k in equity...
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Prepare yourself: this is a long post. I wrote this post for any newbies and for anyone with questions about the BRRRR process. I also wrote this to let you know about me and my process. Born and raised in Chicago Ill...
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So, I know this has been discussed a million times on this site. I just wanted some feedback on my strategy over the next 5-10 years or so. Here's a little background about me. My wife and I are both employed (W2) and...
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As a goal setting exercise and to be sure I'm focusing my education in the right areas I'd love your input on the following:I'm seeking 350k+/year in net passive income. How would you design the portfolio? What exact...
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Question for the GC's out there... in markets such as Charlotte, Nashville, New Orleans, Orlando etc (Southeast), what would most GC's quote as a ballpark estimate for total labor cost (if owner is supplying all build...
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I recently inherited a big chunk of change. I'd rather not disclose the full amount but I do pretty well in my day job (software sales), and it's about 8x the most I've made in a year. For now a sizable portion of it ...
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A reporter from a national newspaper that you've all definitely heard of reached out with some questions for me. She told me that she wanted to hear from some REAL investors, and I told her that I know just the place!...
So I've been on BP for a few months and always follow the discussions in out-of-state markets that I'm interested in. The story is always the same with people from the Bay Area, Socal, NY, or any other large market t...
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