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I need to create an LLC for financing as well as liability reasons. This thread isn't about the pros and cons of forming an LLC.Rather, my question is:Should I hire an attorney to do it "right", or is it good enough f...
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Looks like my 1st property will be an FHA owner-occ quadplex. I've heard time and time again that there's no need to hire out property management for this small multifamily. What I'm unsure of is how I would handle ...
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If you have little to no experience with rental property (just bought a book on landlording) and had $100,000 to invest only in real estate, where and how would you invest it?
1. buy as big a multi unit complex th...
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We are within one property of our goal for SFH, buy-and-holds. That makes this year the year to focus on cash flow and I am spending the time I normally spend on buying/renovating focusing on improving cash flow by ...
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Hello BP! I'm finishing up my 1st investment property and am interested in self managing. What lessons can you share that could help me and other newbies? I've already started a journal with my renovation lessons an...
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I am closing on a new duplex in a few weeks. The property has 2 existing tenants that recently extended their leases in July. I want to make the purchase transition easy, seamless and not scary for them. I have two in...
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I am being told by an attorney that because of the Mortgage Licensing Act of 2008 I cannot get a seller to hold the paper. I do not understand because I hear of people doing this.
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Hello,I was wondering if any of you have had a situation like this arise. I own a college rental property with 6 students renting for a yearly lease. They came to us as a group of 6 and signed the lease without ever d...
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There are two schools of thought that I have seen compete when it comes to talking about success. 1) Don’t tell others about the successes you are having because it will make them feel bad, envious, jealous, or think ...
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Try to make this short and to the point. I have a realtor/ Property Management co that manages my properties in Pennsylvania. recently another real estate/ property management co. bought them out and merged but kept t...