Casey Culver
How do we split profits??
Hey everyone!Here's my simple question, this is a hypothetical situation: Let's say I've found a single family home, buy and hold type deal, I find the deal & do all property management & rehab, and put down 5...
Charles V Tollefsen
People living in a house I purchased
Hello BP members,I closed on a property yesterday and when I went to the house today I found house guests of the previous owner still in the house. The owner has moved out, and these individuals told me that they wer...
Kenny Boyd
Husband-Wife LLC, community property state, SCH C vs SCH E
My wife and I reside in a community property state (LA) and are the sole members of an LLC that own several rental units and a non-income generating vacant property. We will treat the LLC as a disregarded entity unde...
Queenie Pinto
Questions for those who list with Evolve
Here is a newbie question - For those of you who are listing through Evolve, do you check-in with your guests to find out how their stay is going, etc. Just wondering since I am not part of the initial contact and boo...
Ian Joshua Kawere
What should I and my 3 partners do first
Me and my 3 partners have each been putting down $500 every month for the last 10months ($2000/month) and we would like to start looking into investments. Should we form an LLC first and build business credit for the ...
Steve Paker
Taking Control of a Property
I recently purchased this 5 unit residential building. It was a good price because the past owner lost control of the property due to troubled tenants. It's currently C class of things it could be an B+ A- building. I...
Tim Sipowicz
Private Lending Proposal
Hello BP. I’ve written about this topic before but now have an actual opportunity with a private lender. A friend of mine knows I invest in real estate and would like to continue to scale. He reached out stating his m...
Raymond Stinson
Refinancing on a rent to own deal
Hi everyone, I'm looking to use the Brrrr strategy for my 1st deal but instead of just renting it out I'm wanting to do a lease option/ rent to own to lower my expenses and increase rent and cash flow. I'll be using...
Chas Sargent
Early termination agreement
I purchased a duplex about a month and a half ago. One of the exiting tenants (2 males) found bed bugs and we have had a disagreement about who is responsible. Finally, I agreed to remedy the situation if the tenants ...
Arthur Voskanyan
Multiple HELOC’s Take-Outs
Let me ask this;
For instance I own a home worth $300,000, and over a couple of years I pay down on loan and own $150,000 in equity, or 50%($150,000) let’s say I want to cash-out-refinance, and get like 80% of that $1...