Erik Gladish
How can this Deal Make Sense
Hello Smart Money!I have a seller who has an off market property and she would consider owner finance and a creative strategy. She bought thr property 3/9/22 for $999,000Has a $590,000 MortgageThe property has a sepe...
Noam Birnbaum
How much liability coverage does an LLC need?
Hey folks,
I have a few properties that I plan to put into LLCs.
I'll put each property into a separate LLC.
How much liability insurance does each LLC need, if it has no assets other than the property itself and ...
Wade Mcmahan
The first step into rentals.
Hello everyone,
So my wife and I are planning on buying a new home for ourselves and keeping our old home to rent out but we want to push really hard for the next 10years to build a portfolio. We are looking to start ...
Steve Schneider
New member from Edmonton, Alberta
Hello BP!My name is Steve Schneider and I currently live in Edmonton, Alberta. I have a beautiful fiance that shares the same passion and excitement about Real Estate as I do and we actually just had a beautiful baby ...
Sanjeev Advani
Navigating the Tide: Understanding the 17% Surge in U.S. Commercial Real Estate Forec
In an unexpected turn of events, the U.S. commercial real estate (CRE) market has seen a significant uptick in foreclosures, with a 17% increase reported in January. This development is a critical wake-up call for inv...
Jerry Fung
Converting a duplex garage into a living unit
I have a duplex garage that has existing plumbing, HVAC and electrical system in place. I am looking to convert the garage into a habitable unit. Are there any recommendations on which local architect firm that I ca...
Izzie Y.
Additions and Lot Coverage in California - Potential Loophole?
I am working on renovating a multifamily building on the Westside of Los Angeles county and trying to figure out how to navigate a situation. Here are my objectives:OBJECTIVE #1: Do a 150 sq ft addition to one of the ...
Aaron Scott
Tax implication on partner split at sale of property
So I'm going to lay out the situation the best I can and ask advice. First off, I'm in Alabama. Myself and a partner went in as partners on a flip deal, where he bought the house and we split the costs of rehabbing. I...
Joe Maris
Missing Info for Property Managers and Investors
BP has a hole (missing info) for property management. I've seen several posts asking for a sample Property Management Agreement. Before you recommend calling a RE attorney or warning that laws vary from state-to-state...
Emily Wiu
Help! Underwriter extended closing the day of closing!
My loan officer (not Penny Mac employee) is working with Penny Mac to secure me a loan on a primary home purchase. We started the process in late March, and we always provided everything they requested within 24 hours...