John J. Stoia
Looking to connect-house hack in Rochester, NY area
Hello everyone!
I am looking to do a house hack on a duplex/triplex/fourplex around the Rochester, NY area for my first deal in 2024. I would like house hacking to be my first point of focus then move into MFHs/SFHs...
Tara Montgomery
Portfolio Lender Inquiry
I was recently informed that there are portfolio lenders that don't do a credit check, don't require an appraisal (possibly BPO), or tax returns, etc and are truly asset based. Is this possible for a cash out refinanc...
Dillon Scott
Options for Partner Investing
Hi, I'm a new member in the NYC area looking to gain insight on how to structure my first purchase with a friend/investor.I've heard the pros and cons for LLC's, being that they provide limited liability and pass-thro...
Michael Laurencelle
Capital Contribution or Loan to fund LLC for flipping?
When funding my new LLC for flipping, should I use capital contributions or loans? I like the idea of a mix - with a smaller capital contribution being my buy-in and then a second larger amount for funding the first d...
Vincent Pirrone
LTR and STR Hybrid? Maybe?
So I am currently living in a house hack in the basement and have awesome tenants upstairs. I just went under contract on a second home that I am planning on moving into as another house hack and renting out my curren...
Evan Stalcup
To LLC or Not as a RE Agent
Hello BP community,I am curious to know how many real estate agents form an LLC to receive their commission check from their broker when closing deals? What are the benefits/disadvantages of owning an LLC compared to...
Philip Pape
How to handle expenses to buy property before LLC created
I am in the process of closing on a property, so I have some expenses such as postage, travel, and such. I'm paying and tracking these under my real estate investing LLC.However, I'm buying the property under a new 50...
P. Kaye M.
Will I qualify for a 1031 exchange?
I have a SFR that I had rented from 2017-2020. It was rented for 3 1/2 years so I missed the opportunity to sell as my primary home. I haven’t had any rental income from it since 2021. I bought it sole owner in 2005 a...
Michael Baradell
Advice on creating partnership.
What's up BP!! I am in the beginning stages of setting up a real estate investing company. It will consists of 3 equal partners and our model starting out will be to flip 4 properties this upcoming year and once we...
Account Closed
8 unit analysis
FSBO - Two 4 unit buildings on same property 8 units total. Seller financing - will hold back a second. All units rented with long term tenants - all units in good shape. Gross Income $4675/mo. - property is in Bel...