Nick Lorefice
Flipping with a partner advice needed
Hi all,I'll be partnering with investors on my first flip... How much should a 50% partner make on flip profit if I own and am the contractor for the property?my partner would be putting in the same amount as the cost...
Pat Hamilton
FILING INCOME TAXES
I formed an LLC last year (I'm the sole member) and bought a multi-family home in philadelphia. It is currently being rehabbed and I haven't rented it out yet.
I wasn't going to file any tax forms for my LLC becaus...
Gregory Cummings
Has anyone here done this?
Has anyone here on bigger pockets started or expanded their real estate portfolio with zero financing? I mean litterally reaching into their own pocket or bank account and paid for an investment property 100% with zer...
May Liao
Investing in US Real Estate
We all realize that investing in real estate is the path to wealth when done properly! But, deciding to invest in real estate is a big step to take in one’s investing strategy. And it can be mind-boggling. ...
Paul Brogan
Soon to be landlord in SoBro
Hey Everyone!My girlfriend and each own our own homes and are only 3 blocks apart. I'm currently flipping my house to live in at 51st and Norwaldo and once that is completed by the end of 2016 we would like to rent ou...
George Zink
legal structure for a RE educational club
a few of us are organizing a RE investment club for educational/networking purposes (meeting once/month)...applying for a tax id number so we can have a bank account, but not sure what "legal structure" would be be...
Anais Hawkins
Setting up a business line of credit
We are working towards a renovation on a property in North Carolina and would like to set up a Business Line of Credit for our LLC. This LLC is 7 months old and we have excellent credit personally. What steps would y...
Adam David Graning
2nd home loan without counting STRs on your DTI
Does anyone know of someone who lends on second home loans and will count short term rental income towards DTI after 1 yr of it on taxes (instead of needing it on 2 yrs)? We’re under contract and our original lenders ...
Jeff G.
HELOC to purchase a rental quad?
Have been perusing this site, and might eventually find answers / opinions on this, but I antsy!My ~$150K home is paid off, and I'm considering taking out a HELOC on it in order to make the 25% down payment on a $200K...
Theresa Ross-Gordon
PM software
Hello,I am new to property management...sort of fell into it after selling a 3 flat to my client. BTW, I am also a real estate broker in Chicago, IL. Looking to make life easier than always running to collect the rent...