Account Closed
Was told to use LLC but Financing is challenging
I was told to drop my home into an LLC ASAP. It's in a single-member LLC. It's owned free and clear and now that I want to pull cash out via a refinance, no one seems to want to work with me. But if I pull it out of t...
Sean Haran
Newbie with high income - Invest local or long distance?
Hello all! I’m a Bigger Pockets junkie and aspiring investor. I’m 26 years old, working as a solar sales rep on a full commission 1099 pay structure (no hourly/no W2). Income varies month to month from 8-10k per month...
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
Hey, guys!I've been on BP for about 7 months now and I have quickly learned two things:There is no better place than BP to talk real estateThe wealth of information on BP is immeasurableI've read and learned quite a l...
Curtis C.
$100,000 To Invest in DFW- 1 rental, or grow pile of money with Flips
Hello Everyone,
I am contemplating between 2 strategies right now for $100,000 cash I have to invest. I do not want to leverage any property. I like to sleep easy at night and not rest on a house of cards. The 2 stra...
Mark Koster
Apartment Syndication vs. Turnkey Single-Family Rentals
I know this has been asked in the past. I've read through those posts and am looking to update the discussion based on current market conditions and get some advice based on our specific circumstances listed below.
W...
M Marchand
Nightmare experience with Brian Gibbons whom I hired as a coach
I am posting this to save anyone else from the hellish experience I had with Brian Gibbons. I am re-disputing it because while American Express was in my favor they said that 'stripe' the payment processor was not and...
Kevin S.
Questions on LLC
Hello everyone, new to RE investing and looking to create a LLC. What's the best way (and economical) to set up LLC? My accountant? Attorney? Can I use Legal Zoom? I got a quote for $695.00 from an out of state acco...
Lauren Hogan
(SURVEY) It's tax season and we have a few questions!
BiggerPockets would like to know how you approach taxes. I've created a (less than) 5-minute survey and it's completely anonymous. You can take the survey here: https://www.surveymonkey.com/r/MJY6RD8 Thank you to ever...
David Hanson
How much cash flow and cap rate is enough?
Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
Corey Dutton
Are 100% Financing Loans for Rehabs a Scam?
There’s a few of rehab/fix and flip lenders out there offering 100% financing, no money down. This seems too good to be true. Has anyone here had an experience with one of these lenders that promises 100% on rehabs? ...