Damiano Malfeo
Recommendations for LLC creation software
Hello BP. My investment partner and I are beginners to the property investment game. We are going to be focusing on SFR rentals in the western suburbs of Chicago. What are the recommendations out there for software us...
Jeremy Torres
Replace windows in rental ??
I have a house that I’m about to rent out but the windows are very old & don’t open. Should I replace them? I’m in south Texas.
Mark Andrews
How to calculate Capital Contributions to an LLC?
Hi all,How would you record the "Capital Contributions" to an LLC in the ledger section for the following scenarios: Scenario 1: Let's say the equity in the property is $60K and mortgage is $140K before the transfer. ...
Bryce Matson
Question on whether we should Cash-Out ReFi, sell or leave as is
Hi All,We own a house in LA and are moving away. We want to convert our garage into an ADU and then rent out the main house and ADU. The main house would be 3 bdr/2 bath and ADU a 1 bed/1 bath. We think the max rent w...
Michael Gertz
What is the step by step rules to a foreclosure auction??
Hey Friends!Its a big topic that I am sure everyone is interested in. I plan to go to the Essex county foreclosures this upcoming December to bid on a property but I need to be prepared. The question that I ask and ...
Paul R.
Giving my tenant 60 days ending the lease (month to month) Cali
I'm thinking of ending the lease with my tenant they're uncooperative on some of the issues ,Late rent, Utilities garbage didn't pay for a year even though contract states that they have to pay that . If I do issue a...
Kevin Howard
Is it smart to cashout refinance just to do so?
Hello BP,I'm considering refinancing my rental properties and was curious if anyone had any input on the situation...I own a vacation rental free and clear which is worth about $500k and brings in roughly $10k a month...
Jeff Kelly
Get Delayed Financing, then subsequently get cash-out refinance?
Let's say someone pays cash for a property (and for the rehab) and then gets Delayed Financing for 70% or 75% of the purchase price (and rehab) soon after purchasing. My question is whether that person could then get ...
Matt Smolinski
How to Track Property Reserves
I just got my first tenants this week and now I'm trying to get my financial organization in place. I've recently purchased Quicken 2019 Home, Business, and Rental Property and so far it's been fairly easy to setup. I...
Dennis Johnson
Land Development strategies
Afternoon BP Group, Looking to get some scenarios on a development deal:1. I have a friend that wants to sell his land 55 acres that has the preliminary drawings for 135 lots. We planned to partner on the deal to d...