Hello BP Tribe!I hope all of you are well. I wanted to ask the community a question. I am in the process of interviewing family/friends for pooling our money together to invest out-of-state. Not that much money obviou...
I have some long-term tenants who are month-to-month, and I've never raised their rent. I need to raise it now, since it's significantly below market. Two questions about this:* Does raising rent require signing a new...
I’m 34, lots of years left to invest. My wife and I are lucky enough to have our home paid off. We are looking to move into a similar priced home.
Is it more economical to sell our home and put all that money into a...
When doing a cash flow analysis of a proposed rental property, does everyone use 50% of gross rents as the properties operating expenses. Though it makes practical sense, it sure cuts down on the amount of rentals th...
I have a client who owns 1.15 acres of land that was previously approved by the city for 5 additional lots. Although, the timing on the permits has passed, and they would need to be applied for again. But they did hav...
When buying rentals I am assuming the general consensus is to get an inspection; my question is how many things do you include? Is it worth while to inspect for Radon?, sewer line scoping? Wood pests? Trying to deter...
do land trust exist in the state NJ as well as all states?
Example. I bought a property for 100k and sold it for $500k so, I have $400k profit.I 1031 the property above property and buy 2 properties one for $400k and one for $100k. a year later sell the $100k property for ...
Hey guys,
How do you determine the amount of Umbrella insurance you take?
How did you determine your limit?
My properties are in an LLC
Thank you in advance.
Haven't found many materials that cover key clauses in multi-member LLC operating agreements. For equal % members, how do you determine contributions, distributions and exits? For instance if a member decides to take ...