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Hello BP community, I'm planning to do my first flip. Question is about the insurances?Do I need to get one for the house during the rehab process? Does every one does it? how common is itAbout my GC. Does he needs to...
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I'm interested in starting a longer term portfolio of rentals using the BRRRR strategy. My concern though is by pulling equity out of each property, I'll eventually have 5, 10, 20... properties all leveraged. Of cou...
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Hello all, would appreciate some feedback on my situation:
My wife and I purchased a 2 flat in the Lakeview neighborhood about 2 years ago, It is a 3 story, 2 unit building near right off the Southport Corridor (Very...
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Hi, I am looking to purchase more property (currently have 3 units), but I am at a point where I need to decide whether to put the properties in my own name or my LLC for tax benefits / perspective. Here is my current...
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anybody has advice for me? I just started my real estate business full time. I have 2 months worth of bills in the bank, so I have to make something happen withing that time frame. I'm driving for dollars, and wan...
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I need some quick tax knowledge. I've currently accepted an offer of $760,000 on a property with a $655,000 loan. My real estate agent is getting 5% about $38k so I'd have $64,000 in capital gains. How much of tha...
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Evicting a house hacking tenants:very uncomfortable So my first house is a Duplex and my inherited tenants live next door, i gave them notice to leave in may with a move out date for the end of july, so they decide th...
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Hey!I have a duplex in Gig Harbor and I'd like to do a condo conversion with it. Or a Townhouse. My main question is whether anyone knows an attorney in Washington who has done this in the past who they'd recommend? I...
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Hello everyone I have an interesting situation that I need some help with. My best friends parents just had to move due to there home having major code violations and them finding mold. They would probably not be my f...
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Hello real-estate community,
I am purchasing a conversion 4 unit this Friday in Wisconsin Dells, WI. The current landlord pays all utilities. I've heard some ideas on the BiggerPockets podcast on how to separate thos...