Property A was owned by LLC A 50/50 me and another partner. After five years of LLC A owning Property A, I created LLC B with two extreme-minority partners (0.5% each, as a formality for lending purposes) and bought ...
As a goal setting exercise and to be sure I'm focusing my education in the right areas I'd love your input on the following:I'm seeking 350k+/year in net passive income. How would you design the portfolio? What exact...
Have you had success with Gap Funding before? What made you decide to gap lend rather than use that capital as a down payment in your own flip or buy and hold? I did this before and unfortunately, I was dragged along...
I just met with my attorney regarding my strategy moving forward with flips. I have private lending money available to help fund the acquisition and rehab costs. He said that my private lender can only do a total of 4...
The simple concept is talked about a number of times on BP Podcasts and in their books...what’s your most important next step (MINS)? I set a few goals for myself this year after buying my first primary residence, and...
I have an opportunity to do a joint venture with a partner, that is, flipping a house. He will purchase the house with 5% down conventional loan. So naturally his name will be on the deed at the closing. I will fund ...
Hi BP community!
I'm looking for confirmation on whether the home needs to be your primary residence for the first home owner's $10,000 exemption to the 10% early withdrawal penalty? From reading the IRS rules, it l...
Should I still consider CapEx for a SFH (had it at about $150/month) for monthly cash flow if I only plan to hold a property for 3-5 years? Long term vision is to consolidate properties into a large multi family.
Any...
I'm not necessarily against Wall Street; however, it seems that the Obama Administration is interested in having large investment funds buy at auction and in bulk Fannie Mae, Freddie Mac and FHA foreclosures. You can...
Last week, I posted this:https://www.biggerpockets.com/forums/12/topics/332...The bottomline is: to be able to compete in this HOT market, you got to find OFF-market deals. How do you find those? There are many ways -...