Sheila Reyes
No LLC- First Investment
Hi BP Members! I'm on the way to getting my first MFR (fingers crossed) and am currently starting attorney review. I was wondering how can I start running things like a business without an LLC? I understand that accor...
Joe White
Using Velocity of Money in Real Estate Investing
Velocity of money is an economic term that refers to how quickly money changes hands within an economy. It's often used as a key metric of an economy's health. The faster a dollar gets spent, then re-spent, and re-spe...
Siwei Tang
3 friends just starting out & have questions
(Sorry, new to bigger pockets and tried to post on two forums. Apologies if you read this in the tax forum already!) Hi BP community!My two friends and I are just starting in the investment property business and are l...
Brian Jacobson
How to know when to sell for earned equity
A little over 4 years ago I purchased my first property: a 3-flat in Chicago for $305,000. In Logan Square - now one of the hottest real estate areas in the city in terms of %increase in value and %increase in home s...
Matthew Newcomer
Setting up an LLC in Maryland as a Real Estate Holding Company
Hey BP community,My partner and I just purchased our first buy-and-hold property. It's 3 units and is under renovation right now. We are expecting our first renters to move in by March 2015. It's currently under hi...
Nick Stango
Pension / Self Directed IRA question
My wife and I are thinking about moving to another state so we can invest in real estate more easily. We want to buy a duplex, live in one half and rent the other. In order to get a loan to do this (since I am self em...
Ryan Sweeney
Entity, SDIRAs, Lawyers, and CPAs (and maybe a mentor)
The background: I once lived in San Antonio and My wife is from Austin. We moved to rural Kentucky about 4 years ago and were forced to buy a house/wanted to. This sparked my interest in RE as it was a bad decision...
Faraz Rashid
Seeking advice on Scenarios for 1031 Exchange/Loans/Cash on Hand
Hey BP Community,I am currently seeking some advice and experience from individuals who have been in a situation like myself to better understand so I can decide the most logical and strategic decision.My partner has ...
Jason Dalka
Paid off home Sell it or turn it into a rental?
We own a 3/1 in Akron Ohio, my mom's former primary residence. It's paid off. Worth about 85-90K with a little updating. Could rent for $800-900. Looking to generate cashflow through rental properties to help offset ...
Jim Fang
solo 401k exceed 250k
I am going to roll over my 401k money from my previous employer to a solo 401k account. The amount is beyond FDIC insured $250k. what can be done to get it fully insured?