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Could someone please tell me in as general numbers and terms as possible what the overall difference in end taxes might be between these two? Let's say for example the company clears 120k in profit on sold flips eac...
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We all know change is a MUST for any type of success. Change is usually painful, but as the old refrain goes NO PAIN ! NO GAIN. What is something you have had to change to get from Point A to Point B. What do you t...
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I am thinking about leveraging my 401K savings to invest in real estate. Does anyone have experience with that and would like to share their story? What are the pros and cons of doing that? Thanks!
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I won't go into all of the details because I would have to write a book to explain everything, but a quick background: I bought 3 duplexes in Cleveland last year, hired a PM company (Northpoint Asset Management - avoi...
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I've devoured all Youtube videos and form posts related to setting up an appropriate entity structures. I've also spoken to a few services popular here on BP. At the end, I'm still confused.Here is my situation- W2 ea...
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Hi everyone, I live in Pa, and I was wondering about starting up an LLC. So I’ve read I have to start an LLC in Pa because it’s where I reside, but I could create an LLC in a state, let’s use Wyoming for instance, tha...
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Okay, this is only my second post. I'm sure I'll take a few months before I figure out exactly which strategy I want to go with. It'll be completely passive over the next few years since I have a career that I enjoy...
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We all are inspired differently. I'm curious why other people on BP started their financial independence journey. Personally, I sought financial freedom after reading Rich Dad Poor Dad during COVID and realizing that ...
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Are you jJust starting out in real estate and want to know the key to success? The key is marketing. If you have millions in the bank, screw marketing. Put your money to work in rentals or syndication and be a "rea...
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Hi, still new to the forums, please pardon any oddities in my post. I've tried to include relative information, without writing a novel. I'm a newer investor looking to get some cashflow. My strategy for the foreseeab...