Brian Louderback
Bank said NO to putting house in LLC name
My wife and I formed an LLC to use for our new rental business. We just purchased our first rental a couple months ago and are just about done with all the renovations. So I called up the bank to see about doing a qui...
Lloyd Segal
Economic Update (June 15, 2020)
Economic Update
(Monday, June 15, 2020)
It’s official: The longest expansion in U.S. history ended in February as the economy fell into a deep recession, according to the National Bureau of Economic Research (“NBER”...
Bruce L.
Tenant got Pit Bull without notice
So, my tenant's neighbor called me today and told me that my tenant got a pit bull. He think he’s had the pit for 2-3 weeks now. My lease does not allow for a Pit Bull and I clearly stated to my tenant when they ...
Ken Holifield
Cash flow question, plus more?
At the risk of sounding like a complete rock, here is my question...
What is the formula for figuring out if rental property is worth it? I realize this will vary for different areas, mine is TN if that helps. I've...
Keith Saunders
Major Banks Forging Ownership Documents
Just saw a story on 60 minutes about several very large banks manufacturing ownership documents. All related to mortgage forclosures in the past several years. It appears they can not come up with the real title of ow...
Jason Baldwin
Crime Rate - How high is too high?
I recently stumbled on a fully occupied 6 unit property that would bring in about 35% Cash on Cash and that does take into consideration 15% vacancy. The city itself has a higher than average crime rate according to n...
Cam Wilk
New to real estate in the Cleveland Area
Hi all,My wife and I recently moved back from the Bay Area (grew up on the East Side) and purchased a 2 bd 2.5 bath in Ohio City this Fall. Our plan is to hold onto this property and eventually rent (in 3 - 5 years). ...
Lloyd Segal
Economic Update (Monday, June 28, 2021)
Economic Update
(Monday, June 28, 2021)
Should Investors Wait Out this Crazy Housing Market? I know. I know. I feel your pain. You’re an investor. Investors buy and sell properties. You’re chomping at the bit ...
S Harper
Tenant applicant - Chapter 7 discharged 6 months ago
I have a tenant applicant who had chapter 7 discharged and assessed amount paid 6 months ago. His app states it was due to problems when owning his own business. He has a union job for the past two years making well...
Account Closed
SUB2/WRAP DEALS = GOING TO PRISON!!? :(
Hey BP,I'm in FL and am fascinated by sub2 deals with wrap mortgages. I am wanting to utilize this as a way to invest and add to my portfolio. So I was talking with an attorney and he mentioned equity skimming laws ...