Ade Akingbade
Not Going Well - Seeking Advice for Rental Property Challenges
Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations. Since then, I've encountered several significant issues:
1. **Air Conditioning:** The AC unit ...
Russell Pitts
To invest in a hot Seattle market...or out of area
Hello my fellow BP followers. I'm wondering if I can get some advice from those with some experience. Before asking, let me set you up with my goals/situation. My wife and I have been on this track of "financial in...
Andy Dyer
Recommend a business license?
Would a business license be required in addition to an LLC to do wholesaling, buy and holds, fix and flips? Or is only an LLC sufficient?
Todd Hendricks
Buying with low offers
Hi all,One of the keys of effective negotiation is to have some way to justify a really low (or high) offer. To get a really good discount on a property, what are some of the tactics you guys use to shave 5, 10, 20k o...
Jeff Nishimura
Evicting Tenants with New Ownership in Ontario
Hey BP,I am currently in the process of acquiring a duplex that is occupied by tenants that are paying well-below market rents. Legally, I can only increase rents by 1.8% under new ownership unless there is a capital...
Arn S.
putting personal house in LLC for external asset protection.
I have researched this issue and am aware of the tax disadvantages, and there is no mortgage, ie: no "due on sale" clause, and my state only has 10k in homestead exception. My goal would be to protect my home from pe...
Elijah Glenn
Private money needs what interests of return
How much of a return should an investor get, if they give me $5000?I say $500 in 6 months, plus what they invested.An investor said that was too low.Is this too low?
Sam T.
sending written offers on every lead?
It has been suggested to me that sending a written offer on every property regardless of how far apart on price you and the seller are is a good idea. I want to start sending more offers via mail but I'm wondering wha...
A. Vance Wheeler, Jr.
Multifamily: How to get Seller to pay Closing Costs,
Many brokers request in the LOI phase "A Written Position" from buyers to justify which party will pay for closing costs. Maybe this community has some superior logic to share which has been successful in getting thos...
Gene Fish
Should I sell my rental condo?
It's been very easy to rent but I'm not sure if the numbers justify keeping it.Our Tenants are moving out shortly so I'm evaluating now.I would be able to sell for $275,000 or rent it for $1,900 (maybe $1,925)HOA is a...