Hi, if I am a new GP to a syndication. What legal documents should I expect to sign or be responsible for? I understand the operating agreement is a must. Do I also have to have my own attorney review the P&S , Do...
Hi everyone, I am in need of your expertise. I have a current SFR in Los Angeles worth about $1.5m as it sits, no debt. I have approved permits for construction of a new SFR and quotes from contractors are between $90...
Greetings everybody,My name is Eric and after reading a few books/articles on REI off and on for 10 years, I think I'm ready to take the plunge. A friend of mine showed me this website and I've been obsessively listen...
What would be the best place to start ?
So we took out home equity loan from our main residence to buy a rental property. Can I really take out home equity loan from our rental property to buy another rental property? I've read of it but I'm still not beli...
I have been looking for properties in the Dayton, OH area and am struggling to find places that cash flow. The primary culprit seems to be the high property insurance rates. Obviously the solution is simple: find be...
Hello BP community, I am new to the site but have listened to few podcasts as well as read books which reference this site pretty regularly. Currently I am just starting my investment journey. I am just about debt ...
Hey team, tax question: I know, moving forward for 2018, that HELOC interest is tax deductible IF, for example, the funds are used for improvements to a home. Does anyone know how the IRS would know/track that? For ex...
I found good old house (100 years) that requires some TLC and happen to be in downtown close to Biggest hospital in Middle Georgia Area on Main Street. I’m under contract first time for rental property. It’s 83k plus ...
Hello BP,I bought my first NPN in NY State a few month ago. The borrower is deceased. No payments have been made for over a year.The heirs/relatives live in the home still. I have been communicating with them. They ar...