Daniel Crouse
Where to form "Managing Member, LLC" which will be the "sponsor"?
Hello all,I'm just getting started in the syndication business and just finished Gene Trowbridge's "It's A Whole New Business: The how-to bible of syndicated investment real estate"... phew... I plan to follow his su...
Thea Linkfield
Switch Property to LLC for tax purposes?
Hi all! I have a property I bought through the Duval County Foreclosure website with cash. I am working with 2 people on fixing it up and flipping it. The property is in my name. We are going to split the profit evenl...
James Olympia
Out of State Investor - How to verify if property is C or B class
Hello everyone. I'm an out of state investor from California and I'm ready to buy in Columbus, OH. My financials are set, I have a Property Manager and Realtor. My only concern is how to verify if the property for sa...
Alex Bowen
First Time Home Buyer - Why NOT use FHA Insured Loan?
I'm a potential home buyer who is looking for a property to purchase as a residence. I have not yet talked to a mortgage broker on the availability of an FHA loan. I have, however, asked the advice of people in my ...
Greg Goforth
Alaska Rental Property + Part-time Residence
Hello, BP Community!
I am new to real estate investing and I am interested in purchasing property in South-Central AK to be used as both a rental and a part-time residence. I am considering either an STR (e.g. AirBnB...
Ryan Kwiecinski
How did you find your mentor?
Hi BP Network,I've been on this site for awhile now, done a ton of reading, and am finally ready to jump in to the real estate world. One of the biggest pointers I keep seeing is to find and work with a mentor. I'm pr...
Tychua G.
What would you do? Single Primary vs Several Rentals
If you started fresh and had $100k to spend, what would you do and why?1) Use it to purchase primary home, keep for 5+ years and then do a cashout refior2) Go straight to buying rentals that may or may not cashflow no...
Pat Opiola
reporting sale of flips to irs
I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...
Michael Hague
Tenant moved out- owes rent / oil bill & left garage everywhere!
Hello, we had a tenant move out that we inherited with the building. We are owed approximately $2,300.00 in back rent and heating oil bills. We gave a demand for rent & eviction notice about 15 days ago, but they’...
Steve DellaPelle
Is there any shame in paying rent as a REI?
I am currently house hacking a 4-unit but I plan on moving out and renting out my apartment to maximize cash flow. For some reason it feels wrong to pay rent in my next move but it is what makes sense for me going for...