James Woods
My house dilemma seeking guidance if possible
so I bought a house with fha about three years ago and lived in it for a year. I moved out of the property and rented it out and it is still rented out currently with positive cash flow( don’t want sell). The issue I ...
Joe Latson
What is Capital Structure? Why does it matter?
Hey BP! Hope this is helpful for some and happy to dive in more re: the right capital structure for different types of business plans and investors. Thank you!What is Capital Structure?The way an investment or entity ...
Mark Spidell
Wanting to quick claim out of an LLC and then obtain a 30 year fixed
Does anyone have any advice regarding the following scenario. I have a couple of single family rentals in the Dallas Metro area that are currently in an LLC. I bought out my partners at the end of 2014 and now want ...
Padric Lynch
Major Learning Curve on My First Mixed-Use Property
BP!
This deal was an absolute project to get done, and not everything has gone according to plan. It was well worth it, for the sole fact that I learned a lot. This mostly came from some hard realities that I had to ...
David Hernandez
Asset Pretction Attorney
Hi Everyone,This is my first time posting anything on the forums. I’m currently looking for asset protection attorneys to help me set up my (S)LLC. However, I am based in California and planning on investing in the Oh...
Prasad Gupta
Big land but some area comes under wet land
I have a 4 acre land in Bothell,WA some area is wet land if something can be done it’s a huge potential, what options do I have I don’t want to buy the land before I know what options I have to make this work else no ...
Eric Lee
Bookkeeping for first rental property
Hi All,I got my first rental property (SFH) under contract and am now working through the process towards closing. I'm excited about the opportunity, but want to make sure I'm prepared for everything that's about to ...
Trischa Scott
Landlord Introduction letter for Tenant moving out
Hi All,I've just purchased a duplex using an FHA loan. The MTM tenant downstairs was notified by previous owners during the process of the sale that they will be required to vacate the property (JULY 31). I know this ...
Michael Cortez
SHOULD I DO A LINE OF CREDIT ON MY RENTAL?
Hi all, newbie here with a question. I took a HELOC on my primary residence that went towards purchasing my first rental. I'm renting it out for $1400 and my mortgage is $836. From that cashflow $215 is used to pay th...
Daniel Lehman
Applicant denial question
Do I need to tell every applicant why they're denied? Thus far I just tell applicants that don't get chosen something along the lines of "Thank you for applying, however, we have decided to move forward with a differe...