Kevin Barnard
Under Contract for Triplex OOS
Hey BP, so I joined a few month ago with a house hacked duplex in SoCal I purchased in Dec 2013. I wanted to own a 4 plex by the end of year. Guess a triplex will work. I've listened to audio books and webinars like c...
Nate Shields
55-Unit Value Add Success
Closed on a 55-Unit Apartment Complex!
Hey BP family,
I’m excited to share a major win with you all! Our team at Missional Capital Group just closed on The Timbers Fund—a 55-unit apartment complex located in Ala...
Maugno M.
Setting up LLC'S. How should wife be involved ?
I just closed on a flip today and spoke to the attorney about setting up an LLC. Ive done several flips now and have rentals so i think its time. They suggested i do two LLC'S so that i have one for my rentals, and on...
Jeremy Schreiber
1031 Exchange and Trusts
Hi BP Friends,I'm doing my first 1031 Exchange, and I need some simple help from those of you with experience.The house I'm selling was titled in my name. My wife and I recently setup a trust (based on my social sec...
Christopher Dunson
Funding Residential RE Agent Business
Good morning Bigger pockets. My current goal is to grow my Residential Real Estate Sales team in Las Vegas to hit 100 million in sales by end of 2020. An option I have to help do that a little quicker is offering my m...
Michael Conte
I need help structuring a Lease to own (lease option)
Little back ground first (its an odd scenario):My friend's friend found his dream home. He is self employed (siding sub-contractor) and has been told he needs the following to get a loan:1. Two years of federal income...
Account Closed
Another Entity Question
Hi BP Family:I apologize in advance if this question has been answered in previous posts. I did several searches, however the results seemed to be fairly scattered and I wasn't able to find an exact answer to my situa...
Dave Limbocker
1031- Defining proceeds from relinquished property
Two rules as I understand it are in order to defer all taxes in a 1031, newly purchased property must be equal or greater in value of the net sales price of relinquished property and carry the same leverage (loan) of ...
Stacy Mellish
Vacant House / Deceased Owner / Delinquent Taxes Question
Hi BP, I have a question and hope someone can provide some further insight and possible suggestions. In researching my returned mail addresses from vacant houses, I found that the owner of one house is deceased and st...
Brent P.
Most financially efficient way to purchase 2-4 unit owner occupied unit?
Although I did see some posts about SDIRA VS alternative accounts for straight investment properties, I didn't see anything for this.
I've found a two unit property (potential to convert basement to make three units...