Brad Pierce
I need some direction on Setting up an LLC
I recently purchased my 1st duplex in Valdosta, Ga. I currently live 30 minutes away in Florida. Do I need to set up my LLC in Fl or in Ga? I plan to grow & buy my next duplex in the 4th quarter of 2018 & pla...
Curtis Denlinger
Qualifying and Screening C and D Class Tenants
I have a new property in a maybe at best C class neighborhood. I’m having trouble qualifying tenants. I have a lot who work jobs as servers or bartenders and make cash tips. Or I just had someone tell me today their m...
Logan M.
Vetting Felons, Drug Addicts, Sex Offenders and Poor Credit/No Credit
It is inevitable that when you are in the MHP/Affordable Housing space you will have applicants who are Felons, Drug Addicts, Sex Offenders and have poor credit.Here is how I handle each of them:Felonies: It depends o...
Jody Davis
Security Deposit - what to take out
What do you guys typically take out when returning deposit to tenant, assuming no expenses for damages beyond normal wear and tear? Such as cleaning, and the like. I'm struggling to find information on this. Thanks...
Lisa Platt
How to Compensate Someone to Take Care of Rentals While I am Gone
My husband and I will be going to Spain for 2-1/2 weeks. We have a total of 10 rental properties. We have a friend who also has rentals, and is willing to be our emergency contact person for our tenants while we are...
Linda Mandet
Looking for Refi with low Closing Costs
We are looking to Refi an investment property but have been quoted $4500 to $6300 for closing costs. Goal for Refi is getting rid of Mortgage Insurance currently have 4.87 int. rate was hoping to find around $2500 for...
Skyler Schumacher
Are These Loan Terms Competitive?
Wanted some BP wisdom. I'm looking into doing a cash out refi to get some capital to put toward my first investment property.
I have excellent credit. I will be doing 80% LTV on a 30 year fixed rate at 3.25%. My hom...
Alex Corral
My experience with the HELOC strategy
Hello everyone, I just wanted to share and get some feedback from other investors who have used their personal home to get a HELOC and start buying investment properties. I got a HELOC on my home for $150k. Was able t...
Erron Fayson
Very first off attempt Please Help me analyze this deal
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Austin Steed
Out of State Rental is Property Management worth it
Hey BP!I have a rental property in CA and am currently a Real Estate agent in OH. I've got one key question for you all. Is having a property manager worth it? Pros- I'm out of the state- They do a good job in keeping...