I understand why many people set up an LLC for their investment properties, but my question is simple: "Is it worth it?" I've asked several investors and they always say I MUST set up an LLC to protect myself from get...
Hello BP friends, I am a new investor in need of some advice. On my very first flip I found a Licensed and Bonded General contractor to rehab a house I had purchased. This guy came in and sold me from the beginning to...
Hi Everyone,I have been working on a project for some time now and we're finally ready to launch - now we are just trying to figure out which state to go for first.This project answers the thread posted a couple days ...
Hey everyone, first post here.
We currently own 3 properties in Philadelphia. However, the first 3 were bought in our personal name (Mortgage and Title) and we are looking to transfer the title to an LLC. My main qu...
I have the rare luxury of 60 days notice on a unit, and was wondering if renters think an ad up for a while is stale and undesirable? My most recently vacancy this winter was hard to fill and I'm not sure why. I origi...
Quick and to the point!
I purchased my home last june with cash, a foreclosure for 54k its worth about 180k. I have one rental property with a mortgage that breaks even and only about 6k equity, I have a guest house...
Hi All,I live in an area in Southern CA where flipping just isn't a realistic option for me (median home price is 700k). I'm interested in exploring the Texas markets (San Antonio, Austin, Dallas), but am hesitant to ...
I have heard some guys around my area that are offering lease to purchase options to their renters. I have done some digging on the process and what it entails. It seems too good to be true. Does anyone have any thoug...
I'm starting in on the task of Christmas shopping, and looking for good books for one family member. On the Washington Post 'Best Books of 2016' list, I stumbled across this gem:'Evicted: Poverty and Profit in the Ame...
How I made $112,000 on the sale of my rental property that I purchased in 2007!!! Purchase (2007): $165,000 I lived in the house for 5 years, renovated kitchen, baths, and converted a screened porch into a bonus room...