Cordell M.
LLC and Self-Managing
My dad, brother and I have an LLC for buy & holds & manage our own units.My brother is an accountant/CPA, handles the finances.To be a property manager in the state of PA, I'm of the understanding you need to ...
Kyle Green
The BRRRR STRATEGY!!!
What are the benefits of using a contractor? My father and my uncle do amazing work for cash on the side. Is there tax benefits to using a contractor? Or is it better to save money by having someone else do it for cas...
Armand P.
What are my options...
Hello BP,Need some clarity. I recently did a cash-out refi on my primary with the intent of using the funds to buy a second home with my partner and kids. We are currently renting and the original plan was to have my ...
Danny Smith
Need Help with Home Equity Line for 2nd Home After Bad Situation
Hey guys,
I'm looking for serious help as we're looking to get access to our home equity line or (other options) within the next 12-18 months. Our original plan was to purchase a second multifamily home within this t...
Sam Sagor
Anybody have insight about clearing titles?
I have a house I'd very much like to purchase but there a complication : This house was foreclosed on. The proceedings went through as normal but the commissioner forgot to close escrow after the case was resolved. N...
Adam Odom
Lending to an irrevocable trust
I'm actually a banker and had a trust attorney stump me yesterday. He asked why banks do not lend anymore to irrevocable trusts and I knew the answer was "no" (at least at the ones I've worked for) but didn't really k...
Nicholas Utesch
Issues with transferring AirBnB Listing Ownership
Hello,
I was curious if anyone in this forum could provide feedback about an issue we're encountering with a 4 plex that we have done AirBnB on for around 5 years. I am a co-owner of the property (50/50) and my busi...
Nadya Ostroff
waterproofing from outside
Hi guys! Looking for advice here. Have a house, that use to be rowhome (had 3 units, 2 attached units got demalished, now it's SFH. )The Joining wall had stucco put on. ( now it's an outside wall). Started to get wate...
Bienes Raices
Mistake on description of roof
When I bought my house (personal, not a rental), I told the agent who arranged the insurance policy that it had a hipped roof. Unfortunately, I realized later that it technically it is not hipped--it is hipped on thr...
Makan A Tabrizi
Items in Common Areas
I'm trying to update my lease for a 5 unit in Colorado. I'm currently allowing tenants to use their own lawnchairs in common areas. I've never had any issues with this but a thought occurred today. What if another ten...