Steve N.
Looking at buying a 2nd house
Hello everyone,I am looking at purchasing a second home. Not sure if I would rent it out or just flip it. I just recently refinanced my own home to get a lower interest rate, I closed at the end of January. I found a ...
Lawrence Barnes
18 Unit Apt Complex in Distress
Hi Bigger Pockets Family!A investor friend of mine, purchased a 18 unit apt building under lease option with no money down. There are two mortgages that he assumed that total 5500 per month. Each unit is renting for a...
Roberto Vasquez
1031 Exchange Form; When and how to apply it?
When and how do you report a 1031 Exchange to the IRS? I am buying a property and I will flip it after is fixed. Any suggestions? Thanks.
Evan Swanson
Best business entity for renting out an owner-occupied duplex?
What is the best business entity for people seeking to buy a duplex as their first home and rent the other unit out? The property will be paid with by residential lending products and personal money, but how is the bu...
Jared McCullough
What do most small buy/hold partners use? C-Corp or S-Corp LLC
Looking to start my second LLC with my brother.
I am currently involved in a "3 way" partnership LLC that was drafted by a lawyer. He didn't even ask at the time which we wanted he just submitted it as an S-Corp. Me...
Ryan Kelly
Way to Get First Property/House Hack While Being a RE Agent
Hi everyone,First post on here. I am currently a real estate agent (1099-Self Employed) and generate a solid amount of income doing so. However, after considering business expenses (which I try obv put as much as poss...
Jarrod Kohl
Screwed up 1031 exchange
Having just completed a successful flip, I was too eager to close and move on to the next property.In my eagerness (stupidity/sloppiness) I did not file paperwork for 1031. So while I am in the process of buying the n...
Cody Belitz
Starting out in Oklahoma
So my wife and I are wanting to get started with real estate however I have some questions that I would like some input from someone with at least a little bit of experience. First of all should we try and get an LLC ...
Tanner Ladsten
Pay down car payment or save up for first property?
I am bouncing back and forth between two 2021 goals: 1. Pay off $25,000 in auto loansOr 2. Save $25,000 for an investment property down payment I realize that real estate should appreciate more than a 4.5% auto loan; ...
Jon Ferris
One property or two?
Hello - I'm struggling with a calculation. I own a property in an up-and-coming neighborhood and would like to purchase a second with a cash-out refi on the first. To keep things simple, let's say I have 200K in equ...