I don't know for sure, but considering the price, age and required maintenance of properties in that area, im willing to bet you're going to have a negative return for this year and each of the next 5 years until rents cover your expenses.What is your investment goal?

Currently we focus on large multifamily assets, but through 2015 we did over $3M in flipping single families.

Good afternoon BP friends,I'm looking at setting up an SDIRA for the specific purpose of buying a single property - an undeveloped lot - and I'm trying to determine if it makes any sense to use an LLC and/or have "checkbook" control for this particular SDIRA.My initial thought is that since this SDIRA would be to buy a single piece of undeveloped land and then hold that property as an investment for the next several years, that the additional complexity and expense of an LLC and checkbook control would be unnecessary.

I would bet every landlord here feels the same.In the same logic, a lender would never consider any previous interest received as payoff of principle.

Hi BP teamI came across a single family in the north houston area and I'm thinking about making it my first purchase as a turnkey rental.

Additionally, there is an annual $800 filing fee for each CA LLC (each year), not to mention the additional administrative requirements that must be adhered to to ensure full liability protection, and then finally the hassle of the LLC filings themselves.That seems to be a fairly significant burden to incur on a property by property basis since these are only single family rental properties that generate only about 35k in rents a year.

Basically got every single fine detail of the house both good and bad never seen an inspection company as through as them and they charge like 300/350.

I'm trying to help her find an investor in that area that deals in single family.

Our first objective is to make enough income from rent to cover our expenses, and then move into a single-family home.

I am looking to sell a single family home that I have in Fitchburg and reinvest in Fall River this year.