Sharad M.
Time, Money and Simplicity
A lot of people have asked me why I decided to get into real estate. I have three criteria for when I look to invest in any business - 1) I want to make a lot of money, 2) I don't want to spend a lot of time doing tha...
Tim J.
Feedback on LLC creation in WY
I am looking to create an entity in WY - after listening to some podcasts about LLC formation. My existing properties are held in LLCs formed in the same sate as the property, or they are held in my name and partners...
Josh Everson
Selling a home by assuming the mortgage
Hey everyone, does anyone have experience with "selling" their home where someone assumes your mortgage rather than selling for a profit? My investor friend has a lease option on my property to assume my mortgage and ...
Ramez Qubain
How to structure a deal between two partners, one with cash and one with good credit?
Hi Bigger Pockets Community, I have a business partner who wants to partner with me in buying a rental single-family home, however he has cash but no credit and i have credit but no cash. How would you suggest doing a...
Kenneth LaVoie
pet fees separate or part of rent
We charge a $400 "entrance fee" plus $40 extra per month per pet. My wife thinks we should list and account for the extra $40 separately while I think it should just become part of rent for simplicity. We don't send m...
Aaron Macken
Rehabbing a property without an eye for design
Hey everyone,I'm looking to get my first rental property under my belt this upcoming year. I've been doing a lot of research about the whole process, but something nobody talks about is the design choices you go with ...
Jermaine Funchus
QuickBooks to track projects
I'm using QuickBooks to track projects. Does anyone have any recommendations to the most efficient way to track projects? Would anyone be willing to share their chart of accounts? I will list each project as a custome...
Mary Jay
Is it possible to get loans after stop earning W2?
Hi guys, I have always worked but would like to stop at one point. Would it be still possible to buy real estate through conventional methods without W2s?Lets say one makes 100K in a corporate America on W2 (which is ...
Isaac Peters
Seeking advice on how to hold ownership of a flip property.
Hello BP community! I am under contract to purchase a single family home that I intend to flip. I am looking for advice on how to hold ownership of this property.I run a contracting business which I own and operate un...
Ricardo Gonzalez
Understanding HUD bid and Net to HUD
Submitted a 300k bid on a HUD home and they countered. My original bid included 10k for closing, 10k to the sellers agent, 10k to the buyers agent. After subtracting that, "net to HUD" amount was 270k, and it needed t...