In 15 years in the biz I have not met someone who got sued and was saved by having an LLC. Every new investor gets hung up on asset protection and there is an entire industry catering to asset protection. There must b...

Two weeks ago my tenant's dog (listed on her lease) attacked my husband as he dropped by to deliver a Christmas basket (no good deed goes unpunished?).  Jumped up and went for my husband's throat/neck but fortunately ...

Hello BP Investors,I have a straightforward question - unless you somehow are able to make it complicated. How do you structure your wholesale deals? With the seller and with the buyer? Example - the seller:How long t...

Well here we are closing today on our First BRRRR.   We got it for $72,000 and it needs approx $25,000 worth of renovation and we think it will rent for $950.00 for each 2 bedroom i bath and garage.  This is our 3rd d...

I have searched the forums and blogs on the subject, and it seems to be slightly leaning toward CPA/professional preparation.I have used a professional for the last 10 years and each year, my costs have increased (we ...

Hello BP People!I figured this might be the best place to post this and get feedback. Through networking, I have perhaps stumbled upon the golden goose that all real estate investors seek. No offense to a the hard mon...

I bought a 8-unit apartment building; the value add is that rents are 20% below market value. My strategy was to buy, let the tenants go, rehab, and raise the rents. We gave notice to all the tenants (who are month-to...

Hey all. I recently heard of someone who has acquired a lot of property recently. Some main st village type property, mixed use with store fronts etc. I heard through the grape fine that he had recently started “scoop...

Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...

I'm looking for opinions on if I should sell my rentals. I have 5 single family homes and I hate them. They are under quasi-management (long story) and largely I don't have to babysit them, but every notice of an issu...