Chris Lo
First time into Real Estate
I'd like to get in to the Real Estate business in Michigan but there a couple of things that keep stops me from moving forward.1) Finding the renters.To find the renter on a single family house, do i go through an age...
Spencer Young
New Buy & Hold Investor from Aurora/ Joliet IL
Hello BP community. My name is Spencer and I officially became a landlord in the Southwest Chicago Suburbs as of a month ago. My business partner and I just closed on a Duplex in the West Joliet area.I haven't been ve...
Benjamin Peterdon
Profit Splitting Between 3 Partners, each with different skillset
Hi everyone,I would like some advice on how to split profit between 3 partners in the following scenario pleasePartner 1) Silent partner, just assisting with funds to obtain financing and get the project going. Will n...
Andrew Acuna
How you structure 50/50 partnership
I'm in the beginning stages of forming a 50/50 partnership and starting an RE investment company for real. Curious to see how you have structured your partnership (what specific clauses you've used and such) and any o...
Account Closed
Are IRS Agents watching you....or your blog?
Recently Jon K. posted on another thread his observation: "I've said this before. An ambitious IRS agent can go find money by reading forums like this one."
For those of you who don't know about or remember the Cha...
Alex Shaughnessy
Advice on property management
Good morning BP. I have been struggling with this 1031 I did in 2021. I kept the property management company that was in place. They ended up getting bought out by current one (CJ/Results). I have not had any luck wit...
Roy H.
How much work are STRs really?
Everyone says LTRs are passive, STRs are work.But why? What exactly makes them more work that can't be automated?Let's assume you self-manage. The most prominent problems that I can think of are:Booking/screeningClean...
Bobby McCourt
Ohio - Section 8 housing
I have heard many ups & downs bout this subject. I would like some input please. I have had numerous ppl ask if i do section 8 for my properties. Does anyone think that it is advisable or not to even deal with thi...
Curtis H.
Should I cash out refi Texas rental?
Hello BP Nation,
I have a rental in Austin area with about $130K equity in it that I can't get a Heloc on because Texas laws on non owner occupied properties. I get a decent $400 per month cash flow on it, but it's ...
Charles Chang
Time to sell two houses and buy apartment building?
First time poster here, please bear with my inexperience. I am in my mid-forties and live in the San Gabriel Valley area. Currently, I own two rental houses with no mortgage in Southern California. The first one is in...