I recently sold a rental property with the intent of using the profits to begin buying flips. The proceeds from the rental sale went straight from title to the QI therefore I have already paid the exchange company...
Hi guys and gals,In the next month or so I'll be selling 2 flip properties- a single family and a 4 unit. I plan on opening a solo 401K to defer some taxes, but as I understand, annual contributions are capped at $50K...
Looks like i've joined a rare club in the last 24 hours. I've hit 20,000+ posts here on Bigger Pockets. We've only got one other active member in the 20,000 post club @Jay Hinrichs
Beyond that we've got two long time...
Looking at a property that consists of two apartments and a vacant shop front. Looking to remodel and rent the apartments, and renovate and either rent or start up a business (down the road) in the store front. We h...
I need advice about protecting my investment. I've been working on a project for about 12 months, and I'm stuck now. I'm looking for unbiased opinions about how ownership of the LLC should be structured. I have to tel...
Hi, my name is Robert (Bob) I am in IT Sales in Memphis TN and looking to start a Real Estate Investing business. I have little experience outside of being a home owner several times throughout my life. I have been do...
Now that Opendoor is a public company we are seeing more information about their business strategy and overall financial metrics. The company flipped roughly 18k homes in 2019 and pretty much broke even doing so. The ...
Are there any Land Developers on here?? I have a few questions about getting started in the business.
Hi BP,I currently have 4 rental properties with mortgages under my name. I am looking for my next property, but would like to finance it under the name of my LLC. All my LLC has is a credit card. I only have 1 year...
Hi folks,
I'm planning to purchase properties out of state, and plan to form an LLC to hold them. I might purchase properties in multiple states. I have some questions:
1. Does it matter whether I form the LLC in my...