Jake Schwiss
Hard money lenders and llc
To get money from a hard money or short term lender do you need an LLC formed? I have looked at some through bigger pockets like LendingOne, I believe it was called, and they ask for business information.
Tyler Todhunter
Newbie Commercial Questions / Advice
Hey BP commercial community! Novice investor here- Currently own home, 2 investment properties, have done some flips in the past. I've got a wholesaler that occasionally sends opportunities my way- and he recently s...
Guy Yoes
Is this strategy worth the effort?
In a nutshell: I have 3 properties with no debt on them. The current value of them is about 260K. After doing taxes I notice all my income is passive (not an RE pro) and while I can take some losses I don't have any i...
Mike Nelson
IRS Penalty for late file on S corp, didt file extension
So I recieved a notice today for a $1560 fine for an LLC taxed as S corp that I started beginning of this year. I didnt file the extension, as the SCORP didnt make a dime ( im an idiot). I realized after it was too ...
Mike Schultz
Creative Financing Help
Hey everyone! I'm looking for some advice in regards to a property I recently found. The property is listed for $137,000 and I would be purchasing it as an investment property. So, 30% or so down payment. I don't have...
P.J. Reilly
Turnkey Real Estate Newbie
Looking to get into Turnkey as a way to begin buying out of state sfr. It seems like the barrier to entry in Turnkey is fairly high. I've only approached two companies but they wanted cash buyers and weren't interes...
Erik Stewart
FHA underwriting dilemma
Hello BP,The problem is this: We refinanced in our home in late November and since then we have found a 4 plex to purchase. We were planning on moving out of our home and into the 4 plex to house hack for a year, whil...
Matt Herring
Why can't this property cash flow?
This property isn't hitting the 2% rule but it is a little better than 1%. Purchase price $52K Rent $600.
Why can't I make this cash flow positive?
Purchase Price $50K
Closing costs $2K
Down payment $10K
Financed ...
Tony Marcelle
Ignore MLS leads permanently??
Should MLS leads be completely avoided for real estate investors if they are looking to get a good deal?
Leann Lilly
New here from Philadelphia
Hi everyone, just wanted to make a quick introduction. I just started my real estate investing journey, and I am focused on educating myself at the moment. Once I get a handle on the lingo, I plan to start by purcha...