Jonathan Small
Real Estate Investment Trust (REIT) vs Direct Real Estate
I was recently explaining for an investor the difference between investing in Real Estate Investment Trust (REIT) vs Direct Real Estate. I see this topic in 2 buckets: rental properties (hands-on) and REITs (hands-o...
Cameron Price
South Carolina Single Member LLC strength?
I've been researching legal entities, and have come across a lot of information about single member LLC's. In some states, they seem to be pretty much useless, and in others, quite strong for assett protection. What i...
Cody Evans
Wholesaling For Newbies: The Correct Math Equation
Hi BP,I am torn between two wholesale equations. The first being70% ARV -Repairs- My Profit= Maximum Allowable OfferORARV – Rehab – B/S/H – Your Profit – Investor Buyer Profit=Maximum Allowable Offer (MAO)After Repair...
Terrell Garren
Groutable Vinyl Tile
I usually put ceramic tile in my rental bathrooms for appearance and long term durability. Cutting and cleanup is messy so I recently tried groutable vinyl tile. Cost per square foot was about the same and labor was...
Jie Li
Looking for good PM in Chicago
Hi,I'm looking for good PM for my rental properties (single families and small multi units) in Chicago south and south suburbs. Currently I'm using Elite Invest and Renters Warehouse. Elite is bad, and Renters Warehou...
Chris Rizzo
Best way to keep track of expenses/income with rentals
Hey all,So, I am hopefully closing on my first rental property at the end of this month. Happens to be my own office (commercial condo in a Medical building), so I've got a pain in the ass tenant :)Anyway, I created ...
Derek Sziga
Interested in buying at Sheriff Sale. Mitigating risk?!
Hi everyone, so recently I purchased my first condo as a rental property and have instead moved in / out of my parents haha (to have our own space until we find a house).I am currently looking at a upcoming Sheriff S...
Jason DeMauro
Are you investing you CAPEX and Vacancy funds?
I am about to close on my first 2 duplexes this month. In my analysis I budget for vacancy and capital expenses (which I believe most of you are doing) and it comes to about $10k annually for each property.My question...
Jacob Michaels
Old house with NO closets in bedrooms
Does anyone have any idea of how to efficiently make bedrooms compliant if they have no closets? I'm thinking wardrobe that we fix down in the rooms, but that'd wear out over time. Building closets, but not sure of th...
Brittany D.
Above Ground Basement Oil Tank
Hi BP Community!Looking into a property right now with a basement oil tank (above ground). I know nothing about oil tanks except for the fact that they're potentially risky. I've read some things but I am also no expe...