Brandon Ely
Scenario involving Set Backs, Taxing Districts and Consolitation
Hi all,I have a scenario that I would like to run by the forum members to determine if there are any next steps I can use:In 2014, I bought a small 50 X 50 lot in Coeur d Alene, ID. The purchase transaction was throug...
Account Closed
CA Property and TX... LLC or Trust?
I currently own my primary residence in San Diego , CA and 2 duplexes in SA,TX. I would like to hold my property in the best possible way that would protect me from law suits, people knowing whom owns the property, an...
Doug Davis
Loan terms - what do I need to ask?
I'm no expert when it comes to loans. Below is what I got from my credit union. Is there any thing below you would ask more questions about or be suspicious of? Seems like relatively good terms to me, but I don't k...
Daniel Hart
I lent money, foreclosed on property, am reselling, what is my gain?
I lent $30,000 from my LLC on a property. I then later lent $15000 in 2nd position from my IRA on the same property. I had to foreclose, and choose to foreclose with the LLC. The 30k plus back payments added up to ...
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...