Ben Ballinger
Best retort to "send your best offer"?
Seems like every time I put an offer on a property that is less than asking price (or even when it is asking price), they come back with "send your best offer".
I get it from their perspective, it's a smart response,...
Trevor Marvin
First time investor - Confused about order of operations
Hey all,Is it standard to have your LLC open prior to purchasing a property? When I make offers, am I making an offer representing my LLC or is that detail irrelevant as I would just put the LLC down on the purchase a...
Tommy Lorden
Water & Plumbing Issues : How Does Your Lease Deal With Them?
I have been getting nickeled and dimed with leaks and clogs. From a prior life in Illinois, I remember we had no problem making all plumbing issues part of the tenant's responsibility in the lease. However, I'm n...
Matt Shamus
How to get a 13% cash on cash return in Stockton
@Billy L. and several others have asked me why I like the Stockton market, so I figured I'd share my perspective on the market and an example of how I achieve a 13% cash on cash return. I'd love to hear your thoughts....
Jennifer Streamer
Is 24 hours unreasonable to repair an AC?
we have had a good, but picky, tenant for seven years. He has a lot of requests and most are reasonable. The three year old air conditioning went out today (Sunday). We got in touch with a repair company. They sai...
Cody Smith
When should I worry about asset protection?
Hello BP community! I was given some new advice yesterday that I'm not sure how to take. I spoke to a financial advisor for the first time, and throughout our broad conversation, one of the main points he hit on was m...
Paul LaSpina
Business structure
I am starting my RE investing biz and have been going back and forth on set up and state of incorporation, I am at the point the I believe an LLC would be best and I should probably set 1 up in Wyoming or Nevada. I li...
William Coet
Attorney Scare Tactics Regarding LLCs Or Real Threat of Losing
Hello,
There are some attorneys doing videos suggesting each and every rental property be in an LLC and they recommend Wyoming LLCs. One refers to a woman who lost all of her rental properties and personal home be...
Shane Brown
Looking for advices on my first buy and hold deal.
Hey guys,
New investor here from Vermont, I am interested in buy and hold. I am looking at a multifamily to hold and rent out. The place I'm looking at $166,000 and recently completely rehabbed. All three of the units...
George Foster
General Contractors
As a general contractor here in the Chicago area. I want my fellow investors to remember when hiring a general contractor, included in the costs of completing your project he/she will charge overhead and profit. So fo...