Just got finished reading the chapter on setting up legal entities in the Tax Strategies for the Savvy Real Estate Investor. Are legal entities or LLCs needed when you acquire your first rental property or is this mo...
Hi,My wife and I are in our early 30s and looking to buy. We saw a property today, here are the specs. It's in LA, pretty good neighborhood (Mid Wilshire area)$929,000 Brand new townhouse style SFH, in a 6 unit projec...
The economy crashing is obviously something people will have to worry about in this business. How does the economy in a time like 2007 impact multifamily rentals, though? It's obvious how it would be negative for peop...
I am interested to know how using a tax-deferred retirement account to purchase a rental would affect my ability to use depreciation. On the surface, it seems that you would not be able to depreciate an asset in a t...
I will be a young real estate agent in Atlanta market, and i will defiently need a car , but what kind of car is typical for realtors in Atlanta or realtors in your state and city ?? Also whats the best option for a p...
Hi BP members,I'm looking to get started in the RE investment game as a way to generate some passive income outside of my W-2 job. I currently live in the Naperville, IL area (western chicago suburbs) and think I want...
I see the best plays right now in countries with currency plays (Brazil) and/or heavily dependent on tourism which has been crushed by Covid (Italy). Curious what others consider the best markets for STR properties ...
I sold my parents house after they died 12 years ago and kept the paper a 6%. The person that bought it fell in hard times and I have allowed them to just make interest payments instead of foreclosing as I live thou...
So I am doing my first flip and the renovations are completing. The house is about to go on the market for retail sale. I currently have the home insured with REI/Affinity for liability, fire etc with a $3000 deduct...
Looking into building my next Empire in multi family, I have been networking heavily with high school and college friends that have spent there career in the space. As i'm anxious and ready to write checks, they are...