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So in starting the new year off right I signed up for a business card, that way I can keep business expenses separate and make bookkeeping easier (Operating as a sole proprietorship). First few purchases at home depot...
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Is this a good idea? Are there good deals to be had? I'm on a website of an RE investment group that wholesales houses. Typical description / example... 3 bedroom 2 bath for 79k. Needs 25k in rehab costs. Will sel...
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We are recently retired, new to investing and belong to a local REI club. We have been approached by different individauls who want to borrow money. Specifically a loan of $25,000 at 8 percent and the borrower was l...
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I've been studying Florida tax liens (certificates) for 6 months now. I've read and reread Statute 197 (the legal go to). I'm ready to make bids on a particular counties' auction which has 2,700 properties up. In c...
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Some of you might have seen my other posting regarding a LLC with a relative of mine.
She will purchase a house in cash for $35,000 and lease it back to me at $235 per month. The current tenant is paying $800 per mo...
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My wife and I were only able to invest a little less than $10,000 in our respective Roth IRAs before our combined income disqualified us from contributing anymore. My question is this: Should we leave the money in ou...
Hi BP,I'm in the process of raising some equity for a commercial deal and I've been reading about securities law. I'm still getting my operating agreement together, but the general structure will be an LLC of which I ...
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Last year I had a W2 job, making the median income in my area and owned a house hack I had just bought. I hired a CPA but there was no tax strategy or planning and I probably could've saved the money and used turbo t...
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Hey BP Family,
Brand new to this Forum!
I have noticed how helpful and high spirited everyone is here so I test the waters with a two questions.I am Australian and planning to move to the Twin Cities and Marry my p...
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What are the crucial factors to look for when analyzing a multifamily? How important is the time it will take to pay off the property? I recently started including the cap rate in my analyses to determine if the prop...