Benjamin A Ersing
Avoid 401k, go for real estate?
Anyone cash out and /or stop contributing to a 401k in order to buy more properties? Curious how it went?
Eric P.
Low fixed-rate Conventional Mortgage to LLC
Quick background for those who are new to REI: For liability purposes, it is generally preferred to hold real estate in an LLC (so if you're sued, creditors can't touch your personal assets, e.g., savings acct, primar...
Brian Cam
Buying property from a trust?
Hey BP Family,I am hoping that someone can help me answer this question. Is it possible to buy a property from a Irrevocable/revocable trust? I see properties all the time that are held in these trusts, and I pass t...
Derreck Wells
Business structure in NH to hold a 5 unit retail building?
Hi All,
I'm jumping in the deep end.
My first real estate investment is in the works and it's an owner financed 5 unit fully rented retail building. Owner has no loan against the property, so this is just between me...
Maresa Y.
Fayetteville, NC contractors
Hi All,I'm new to real estate and just purchased my first property in Fayetteville, NC. I live in California so it's important for me to have a good team that I can trust in the NC area. I have a great property manage...
JJ O.
[1031 exchange into TIC] Cost basis and Depreciation
First off, thanks to everyone for contributing. I've learned just about everything I know about real estate on BiggerPockets.My situation: I'm trying to help my parents use a 1031 exchange to defer ~1.2M capital gai...
Dasha Taylor
Is it possible to buy a house at 18 if I'm self-employed?
Hi everyone! I'm a 16 year old girl and will turn 17 soon. I have about $13,000 saved up because of my small business and I'm also a social media manager. I really want to get into real estate and buy my first house w...
Michael Weisman
Closing process using private loan from friends or family
Hello all!We're ready to close on a property using a private loan from a close friend, and are just looking for the basic steps as to who does what when. Cash is on hand in funder's account and he is ready to transfe...
Steve Vaughan
Selling massive Senior complexes at 94. Millions in tax savings?
Ran across this in my little newspaper today. A local guy is selling 3 massive Senior Living Centers in WA and 1 in ID. He used to have them across 21 states. He is 94 years old. He owns them in an entity, of course...
Shivam Patel
LLC structure for NJ
Hey guys,I wanted to get some advice on if this structure works. It's really hard to get in touch with some lawyers/cpas in my area, so I think I am just going to file everything myself. I just want to know what every...