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Results (10,000+)
Srinath Gopinathan Converting personal investment property to LLC
23 September 2024 | 12 replies
@Stuart Udis you sound like one of the good guys :)  This line is GOLD, "90% of people who post on BP about entity formation or transferring properties from their personal name to an LLC cannot articulate the risk they believe they are protecting against"Its a game of risk/reward.
Remy Piazza Canps for financial literacy
22 September 2024 | 0 replies
I remember hearing about one on BP but can’t remember the name.
Jeremy Altdorfer I'm going from going from duplexes to 24 units and I don't want to F*** it up.
22 September 2024 | 8 replies
OR should I be happy with what I'm already being charged and not renegotiate.Right now I pay 100% of first months rent for new leases$68 per unit month for management$150 for lease renewal$500 in reserve per unit for emergency repairs (this will add up on a multifamily not sure how I feel about that)$75 in person service12.5% for renovation projects and repairs20% upcharge on evictions last one was ($560 total)Thanks in advance for your help it means a lot!
Robin Thornton What Is A Good Amount To Have In Reserves?
22 September 2024 | 13 replies
It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.
Matthew Irish-Jones Cash is NOT King... in Real Estate Investing
21 September 2024 | 69 replies
The BRRR is one of the most complex investing strategies that exist.  
Jennifer Wood Best Way to Fund Reserves
22 September 2024 | 8 replies
One word - EQUITYPARTNERIF the properties are in “good” condition $50k should be plenty in reserve.  
Adrian Smude The BRRRR method is dead
21 September 2024 | 71 replies
One hurricane, one downturn, one localized series of job losses, and the house of cards falls. 
Marc Shin Property management for STR in Indianapolis
16 September 2024 | 6 replies
Check out BiggerPockets PM finder above and see if there is a good match for you https://www.biggerpockets.com/business/finder/property-manag...
Maxim Lorenz Two VA loans, same location. Would it be possible?
21 September 2024 | 1 reply
Using a VA loan for a second property, where I’d move in and rent out my current home.When I made an offer on a fixer-upper (I didn’t win that bid), the loan officer mentioned it might be difficult to convince the underwriter why I’d need another VA loan for a second property in the same area, especially since the new home is almost identical to my current one (same size, age, school district, etc.).
Shane Roberts Advice on Mountain Home STR Necessities
21 September 2024 | 10 replies
One of my cabin's is up on a knob off a mountain in the Smokies so different environment than you but the issues are probably the same and they all revolve around winter, albeit I am guessing yours will be much worse than ours.Mild scenario is where guest are at the cabin and a snow/ice storm hits while they are at the cabin.