19 December 2024 | 50 replies
Completely agree with the original post but an LLC is NOT a tax vehicle.
18 December 2024 | 7 replies
Also, running a flip with no money and hoping you get a good return with all the other stuff going on in the background starts to add stress, and you end up not enjoying it.
18 December 2024 | 7 replies
Quote from @Francisco Milan: Your tax bill ?
19 December 2024 | 1 reply
The previous buyer fell out of escrow and he was hoping I could do a quick purchase to get it off his books.
19 December 2024 | 5 replies
So I am posting hoping for any further advice or recommendations that could help me avoid pitfalls or avoid wasting time.
19 December 2024 | 3 replies
Hey Bigger Pockets community, I'm just starting out in Step 1 (get educated) on what I want to become a successful career in real estate investment.I also currently run an e-commerce business that is currently completely online, but would benefit from having a brick & mortar storefront, and I had an idea that maybe using the investment capital I'm looking to allocate into real estate into a commercial property my business can operate out of until I decide to sell the property in or rent it out to another business.I am obviously very naive when it comes to the complexity of any good real estate deal (especially commercial VS residential), but I'm hoping to spend as much time learning from everyone here who is on their journey as well.My main concern with the idea of buying commercial to operate my business out of it that I might struggle to rent it out afterwards and that there may likely be depreciation in the commercial real estate market over the next 5 years.I understand there is a lot of nuance depending on the local market but I'm guessing commercial is even less of a "safe" bet than finding a solid residential deal to leverage in some way.
19 December 2024 | 13 replies
We just button down our lake house and hope to get a Thanksgiving (we did this year) and Christmas (nothing yet).
19 December 2024 | 2 replies
Agreed, I think these articles are primarily made as clickbait and designed to give homebuyers false hope of an impending housing crash.
19 December 2024 | 2 replies
So, Im very honored to be here amongst like minds and I hope everyone is doing well!