Hi folks!In my jurisdiction, and I'm sure it's common in most others as well, any rehab over $50,000 in cost requires permitting and a contractor's license if your are legal entity. If you are filing as an individual...
Do you really end up netting say, 3% (if you pay your boss/broker a monthly fee of a couple hundred bucks to hang your license on their wall) on a purchase and on a sale if you have a license? I was thinking of re...
My wife and I own 2 rental properties in Colorado that we are working on getting into LLCs for asset protection purposes. I also have a single member LLC for work. We have a Wyoming LLC owned 50/50 between the two of ...
Alright. As the title says I am in need of financial advice. I am 28. I have been working a job I hate for two years, and have managed to save close to 10k. At the beginning of the year I inherited a little over 15...
I've been building some tiny homes the size of a shed (using the footprint of a shed, so no permit), and so was wondering if I could rent these out to people, for rental income, and if so, what would be a fair price p...
Hello BP,I have an interesting problem. I currently own 2 duplexes in my home town. 1 has tenants and the other I am house hacking. I am ready for my next deal and have hit a wall with conventional financing. The bank...
Blogger Andrew MacDonald, yesterday posted an article on the BiggerPockets Blog that is an absolute MUST READ for anyone considering spending their money on a real estate guru.
The article breaks down both the typica...
Hello,I just found out I'm moving to Portland in the September/October time-frame and I'm hoping to get some advice. I've always wanted to get into real estate but have been living (mostly) in Japan for the last 9 ye...
I've got a question for anyone who is an Airbnb host AND a landlord...I have a situation that is good for me, but I'm trying to figure out the best way to handle it in terms of a contract/lease. I have someone who wan...
Hello BiggerPockets!My name is Kevin Tornes. I was born in beautiful Colorado Springs, CO, but moved when I was very young because my father was in the Navy at the time. My family moved across the US over the next 10 ...