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I've setup everything for my business but haven't found a way to buy my first property for investing. I'm passionate about getting this off the ground but honestly don't know how. I would love to house hack, but I hav...
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Hello everyone,
I just took over a duplex (first property) with tenants already there. They're great tenants from what I can see so far. They have kept the place in immaculate condition. However, I sent them links to...
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Hey everyone!
Alright so I have been building my list of buyers for awhile and the other day while driving through my neighborhood I spot a fire damaged home with a for sale by owner sign in the yard. I call the guy ...
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My in-laws are gifting my wife and I $65000 to invest in buy and hold real estate. I'd like to hear your ideas on how to best use this amazing opportunity.
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I had a seller ask me, "When a home is under contract can the seller still attempt to sell?" I was going to tell the seller no it's not possible to do if it is under contract. Of course I don't want the seller to se...
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I'm refinancing a commercial property in the US for the first time. $1.7m loan, 65% LTV. One LOI I've received has quoted a 2% origination fee, which seems high to me. (Broker has a 1% fee on top). Presumably negotiab...
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Hi BP community, I wanted to see if it's possible for me to qualify as a RE professional or what other strategies are available. I know that to qualify as an RE professional for tax purposes, I must:- spend 750+ hours...
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I have a number of rentals under multiple LLC’s. Does anyone have experience setting up a separate entity to manage the properties? I heard 2nd hand from an attorney that we would need a broker’s license in the st...
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My biz partner and I found a great foreclosure here in Edmonton, AB, Canada that we want to hold as a rental. The property is being sold “as is, where is” and in our offer we must remove a clause that says “When the B...
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I've been looking into SDIRA vs. Solo 401k options for a while and read many posts related to that. Based on my reading and understanding, it seems that that Solo401K is a much better option than SDIRA-LLC and one can...