Christopher Morin
How to structure this deal w/o money
I've found a wholesale deal I'd like to add to my long-term portfolio. Problem is, my capital is locked up in a flip. I do have an investor that I think would like the deal very much. The wholesaler is marketing at...
Account Closed
Can’t Legally Own Land: How Can I Structure Land Flip Contracts?
Hi, this is my first post and my first land flipping deal. I'm an American citizen living in the Philippines. I want to buy a foreclosed lot from the bank by paying cash in full. But PH does not allow non-citizens to ...
Tim Porsche
Thomas Jefferson Would Have Liked Biggerpockets...
So I was just reading through the book Battle Cry of Freedom by James Mcpherson about the Civil War, and came across this section and thought it was interesting how many people's mindset in the early years of our coun...
Brian Linville
To hell with financing - All Cash All the way???
If you had the cash to buy outright on one deal, versus using the same capital to fund financing on 3 or 4 more property deals....wouldn't it be more secure and better long term for rentals if you just bought outright...
David Zheng
Buying an LLC to gain rental privilege? allowed?
Hi!So basically theres a condo in to a very good complex that I want to buy and rent out. however the HOA only allows 12/60 units to be rented. its extremely rare for a unit to become available to rent and when it doe...
Siva Guntur
Moving to an LLC from personal
I bought a 4 unit property on my name by taking a personal loan, wrote leases on my name and also procured insurance for the property on my name too.
If I now have to transfer to an LLC, what is the process involved?
Billy Daniel
Partnership Structure For Large(r) Deals
Hey BP! I have done a few deals on my own, but now I would like to partner with a couple of people I know to move on to bigger fish. I'd like to hear how you have structured partnerships in the past when it comes ...
Lokesh Lagudu
Real Estate Attorney
I am thinking of buying a retail commercial property. Commercial property is currently located in Phoenix, Arizona. Do we need a real estate attorney to review the purchase agreement and lease documents? If yes, what ...
Ara Abrahamian
1031 Between Old and New LLCs
Hoping you guys can help me understand a nuance regarding LLCs and 1031s.I currently own an investment property under a single-member LLC that's treated as a disregarded entity for tax purposes (let's call it Main Str...
Eric Larson
Three units, two structures, one purchase
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $175,000
Cash invested: $10,000
Set of three units (one duplex and one single family on adjacent lots)
...