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Hey everyone,Can I hold a note for the balance of a lease option fee? And how would I go about doing it? For example: I have a seller that is willing to lease option their property, I find the lease option buyer and a...
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Hi BP,HOA bought there own HOA Foreclosure ih 2012 for $9400.The Judgment was for $8600.Do I owe them anything ?The property is in Broward County Florida
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I have done two BRRRR’s this year so far!!! Both rentals cover the mortgages and leave about $500 in cash flow. The problem now when applying for any other loan my debt to income is too high. I have not filed with the...
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Hey BP!!I joined BP just a few months ago and since then have purchased one SFR which I am holding as a rental and I am closing next week on a three unit. I am undecided whether to flip the 3 unit or use it as a renta...
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Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service? I was under the impression that you cannot, that they must be added to the ...
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Hi All, Just looking for some advice and recommendations for an excellent CPA. I purchased my first fix & flip in March this year in Charlotte, NC. Purchased all cash from a wholesaler. After reading various sourc...
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So many in here seem to like Umbrella Insurance compared to an LLC.
I'm an LLC guy, but I have some questions about your experiences with Umbrella Insurance.
Both owners and Insurance Sales Experts are invited to co...
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I am starting out as an investor and have done some reading on Series LLC. I searched in the forums and did not find an answer.
I have seen a setup as follows:
1. abc LLC (Parent LLC)
2. 1 Series LLC "cell" to manag...
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Hello BP Team,I am currently working on establishing a partnership with a person who i know for a long time. Eventually, we want to acquire a SFR or Duplex for Buy'n'Hold with 20% down and total cost between $100k-$1...
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I've got a deal where the seller and I are on pause until we hear back from our attorneys. He inherited the property from his deceased grandmother but the estate is currently in the public notice process(?) and wont b...