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I'm an avid listener, and recently listened to the podcast with Pace Morby today, but unfortunately none of that info could help on my current deal. I'm partnered on a short sale deal that I found, that we are planni...
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Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
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Hey everyone,I'm starting to get sweaty palms just thinking about typing this out as it would be my first property and it's all cash (would love anyone's opinion on financing with private money would be better or not....
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Can someone read this example and tell me one way or another what's possible. Just sat with another friend/CPA and what he mentioned I was not aware and I am not sure if it's accurate. Nothing against him, as only a...
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I have read and read, and maybe someone can direct me to. Post similar to my situation. I think its easy and straight forward, however, by reading others situations, it get lost. I have home in my name only. I am rent...
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Hi all! My husband and I are just getting acquainted with this awesome board and were hoping to get some advice. We moved to the Bay Area a few years ago and live in a new three bedroom townhome we rent for 3900/month...
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Hello Everyone,I am new to BiggerPockets and to the area, I recently took a job offer in New York City and I reside in a small rental unit in Hoboken. I am looking to move out of Hoboken soon and get started in real ...
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I am waiting to hear back from my attorney, but I would like to know the opinion of some of the seasoned investors on this site.Long story short, this home owner inherited the house that he wants to sell. He is out of...
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Hi,Can someone help me understand what is the difference between Preferred Capital and Debt when it comes to Real Estate. I understand debt being a loan that you have to pay over time.What is Preferred Capital. Couldn...
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Hey guys,I'd like to understand the tax ramifications on cash out refinances. Is this a way to dodge paying taxes until a later date?Let's say I find amazing deals a couple times a year and purchase with cash. Purchas...