What’s a good rule of thumb to follow when starting a business or owning multiple properties for how much you should set cash aside to go towards the mortgage, expenses, emergencies and paying yourself? Thanks in adva...
I am a new investor and about to obtain a LLC for a couple purposes , one so i can put future properties into this company and also to create the LLC to be our real estate brand create a website and help other become ...
I'm about to buy a wholesale FSBO in Texas for a flip and I'm not coming with a realtor either. Negotiated the price down since the seller wouldn't have to pay any BAC. This is the first time that I've taken this appr...
So I've read some forum post about cold-calling, but being new to this I wanted some help. There's a house in my neighborhood (I see it every time I drive out) that has been empty for the last year. It's in a decent n...
Hi All,I am deciding on washing machine with built in coin box or washing machine connected to coin timers.My concern was if the coinbox attached if the timer get over before the machine completes or if tenants put ex...
I got someone interested in leasing space in one part of the parking lot of a commercial property than I own. He wants to run a food truck there. I had never thought about this until this person (who I don't know) app...
Hello BP Community,I am about to close on a single family property that will need a bit of work before it is ready to be rented: foundation, roof, some electrical, cosmetics including drywall, painting, floors etc. It...
I recently changed my business name in Michigan. Two of my rental properties are in the old name. Still the same business, just submitted an amendment to the articles of incorporation. My question is, do I need to swi...
Hello bigger pockets community my name is Emmitt I just recently bought a trailer house that I want to rent out but it needs repairs before it is rentable. I need help figuring out what I need to be rent ready and wan...
Good morning to the BP community! I have a deal from a motivated seller that was transferred out of the state for work. He claims to be in good standing and owns the house outright, which puts me in a solid position t...