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Hey gang, I have a question to pertaining to the business side of REI. When do you find it necessary to hire people to do things like accounting, incorporating LLC's, acquisitions, (if you own out of state do you have...
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If I were to purchase a mobile home from a private seller and I as a private buyer. Can I then at a later date transfer the mobile home over to my newly created LLC?
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Hello BP,I am planning on selling my primary residence in the near future which has plenty of equity built in. I understand that, as I plan on reinvesting the money, I need to use a 121 exchange to dodge the taxes. My...
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Reasoning behind getting a LLC for your rentals? Can someone explain how this works?
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Just bought my first Duplex right around Christmas. Used the Insurance company the Mortgage guy (my brother-in-law) recommended. They turned out to be rather incompetent, making mistakes, correcting them, un-correctin...
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I purchased a home that was in pretty bad shape. I put a lot of $$ into bringing the electric, plumbing up to code. Put new HVAC system in, carpet paint etc....I also protested the taxes based on my purchase price...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $4,065
Cash invested: $54,000
Sale price: $3,500
Got a great deal on a Tax Deed. Got title to the house from p...
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Hello all,Inherited a tenant in a new property in Brooklyn, NY which has proven to be a nightmare lol. They have lived in the property for years way under market rent without ever having a lease. After they refused to...
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So I am currently in the process of buying my first property to live in then rent out in a couple of years but I am trying to do it with out a real estate agent. The man I am buying it from is selling it for what he o...
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Hello BP,I purchased a property in upstate New York. After we closed we got a bill from the water company that should've been paid by the previous owner or at closing. When I approached my attorneys and asked if the...