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Hello! We have an offer in on our first investment, yay! I have had a design consulting business before, but never in real estate and never with a partner. What’s the best way to structure our business so it’s equitab...
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Hello fantasic BP folks!My first post (go easy on me). So to start, I just want to thank this wonderful community for sharing such valuable knowledge. I know learning is only half the battle but it definitely has kept...
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Hello, my name is Ulises & I just finished reading “How To Invest In Real Estate”. I have no experience in real estate nor investing, but I’ve accomplished every goal/want I’ve set for myself, so I’m confident I ...
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Hello, just wanted to throw a strategy out there for tax free retirement income. Refi ladder: for purpose of this posts we'll say we finish with 30 properties, all with 15 years of equity and payments on a 30yr note...
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I contacted a broker and he connected me to his wife that works Quicken Loans and she is trying to get a pre-approved. She did the application and stated with my information that I gave her with me grossing 32,000 ann...
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Hi all,
First post after lurking for a while. Close to approving a well qualified applicant for my second rental property. She has two children over the age of 18 living with her who have not filled out an app yet. I...
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When I was working with a mentor a few years ago, he told me about a 1% rule. If the rent is 1% or more of asking price, it’s a deal. Has that changed to 2%?
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Many people proclaim the wonders of seller financing, and claim that one of the primary benefits to the seller is the "minimized tax burden." Can someone please walk me through exactly how this works? I imagine the na...
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I've purchased a few owner-occupied properties in Washington, buying houses and fixing them while living in them before moving on to the next. Over 12 years, we've managed to save a bit. I worked for a nearly century-...
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Hey BiggerPockets family my name is Marlon from Los Angeles and I'm very motivated to get into RE and I have done my research and I understand the concept behind it but I just can't seem to know on how to take my firs...