John Canchola
Partnership, S-Corp or C-Corp LLC? for passive cash flow?
Hi GuysMy dad and I are 50/50 Managing Members of an LLC (filed as "Partnership"). He is 62 and I'm 42. A couple of years ago we just paid-off our bank loan, reduced our operating expenses to a bare minimum and are r...
Sean Thompson
Remote showing of property
Hello . Looking to manage my first few properties remotely until I can hire an employee to handle it for me.
I'm finding lots of resources as far as managing the property , but when it comes to things that must be d...
Michael Mcdaniel
Rental Property manager in Suffolk, VA
I am new to rental property. I recently moved from Suffolk, VA and I am renting my house in Suffolk, VA. I have posted the property on Zillow, Craigslist, Local Housing Authority, and Military for sale by Owner and ot...
Shawn D Augusti
who should sign the lease agreement and utilities ?
Hello BiggerPocketorsMy wife and I just placed an offer on a townhouse, and we're pretty confident that the seller will accept it. We are also in the process of creating an LLC in the state where the property is locat...
Sumit Kaul
top things to consider to buy out of state rental properties
new to this forum and wanted to know 1. What are the strategies to buy and manage rental properties out of state ( I am based in CA). What checklist or items should we consider before investing out of state so that it...
Erik Price
Requesting feedback on first short term rental deal currently under contract.
Hi everyone,I’d love to get people’s opinions on my beach condo short term rental.1 bedroom, 1.5 bath. 800 square feet.All the numbers I used are taken directly from the current owners records.I made the str income $4...
Brad E.
Minimum standard for credit score
What are folks using as their minimum required credit score on rentals?
I’ve got mine set at 650 but not sure if that’s too high for a c+ / b- neighborhood. Thanks
Derek Loda
What has your college rental experience been like.
Looking into college rental market that will cash flow approximately $450/month for a 5 bedroom duplex with an asking price of $80,000. This is in Wisconsin mind you, hence the cost. The property is in very good condi...
Tim Silvers
Mortgage Assignment & Negative Equity
Is anyone successfully closing mortgage assignment deals in huge negative-equity markets like Las Vegas in which nearly 80% of all homeowners are underwater on their mortgages by as much as 80%?
Given such huge negat...
Travis Barron
Risk Management
In learning about investments, it seems most material speaks to the upside of an investment. After all, this is the attraction to us investors, right? However, I'd like to hear more about the ugly side of REI, th...