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I own a few single family rentals and looking to get into the multifamily space. I am familiar with conventional loans but am realizing there is an whole financing world I know very little about. I am hoping for some ...
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This is an insanely open ended question but the sum of this is that I'm having trouble getting started in multi-family and apartment buildings. I've done the single family method and it was too slow for me and just at...
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Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
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I am looking to incorporate myself for a variety of reasons before fully engaging in my RE journey. I am curious what option you took for incorporation and why you chose that option. I have an MBA so I know a decent...
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I reside in NC, but my rental property is in NJ and in a NJ LLC. I am going to sell my rental and I am wondering if I will have to pay the Bulk Sales Notice or the Exit tax. Can someone please explain the bulk sales n...
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I have always been curious how how significant my tax benefits can be from the purchase of real estate. So a little background info on me so you understand why I ask the question.... I am a current multi-unit restaura...
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So I am an absolute newbie. I'm in the Suburban Philadelphia area where the market is crazy right now and it's so difficult to find a deal to make money on. I'm sure I'm not looking in the right places because of my l...
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My daughter is going to college this fall. I'm exploring RE strategies in her college town for the next 4 years and potentially beyond. I can't seem to find anything in past posts. Options that came to mind:
1) buy a...
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Hi everyone, I am contemplating asset protection strategies for my California and Memphis properties and a real estate guru says to hold the California properties in land trusts owned by a Wyoming LLC. This WY LLC wo...
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As I consider adding another property to my investment portfolio, I'm wondering - What do you consider "good" cashflow for a property? Personally, I'm considering the purchase of a unit in an area I'm very familiar wi...