Andrew Merritt
Suggestions on Tenants
Hey All, I purchased my first investment property recently (a duplex in the Charleston, SC area) and I'm trying to rent it out. I bought it for $175k cash and will get delayed financing on it settled in November (30 ...
Ann M.
Self directed Retirement Plan Questions
I currently have a SDIRA with a check book LLC. I have a couple of houses and mutual funds. I have just learned that I may or may not have overstepped my arms length vs personal involvement by occasionally providing...
Edith TenBroek
Question about partnerships on flips, and a mini rant...
Hey all,I have some questions about how you have structured partnerships on flips. We have a friend who has the money to purchase the house. We will fund the renovation through personal cash and renovation loans. W...
Liliana Allison
Preparing to close on apartment complex
Hi BP,I am getting ready to close on my first 8 unit apt complex. I would love any and all advice as to what to do now in order to make this a seamless transition. For example, I've read many say they send a letter wi...
Michael T.
Overseas investor US real estate dilemma
BP members, I am looking for some advice on a significant real estate shift that I am looking to undertake. Presently I have 2 SFH overseas that have cap rates of 6.5-7%. They are new homes built in 2007 that have...
Mark Forest
Tenants backing out
Last month I signed a tenant who said he loved the house, but two days into it he said he had to back out because his boss cut his hours. We soon got another prospective tenant who contacted me several times by e-...
Diane G.
From long term buy/hold to flipping in Bay Area.... Doable?
I have been on BP for a couple of months now, and I have done quite some analysis on what to do next..... I quickly concluded that out-of-state purchase is NOT for me, and also that C class is NOT for me either....I n...
Mark Ferguson
Complicated deal for rental. Thoughts?
I had a owner contract me about doing a BPO, long story short I may buy his house, but it is very complicated.
He has a 1st loan with Citibank with $46,000 owing and $440 payments including taxes and insurance. He...
Kyle W.
Starting a Property Management Company to Service Your Rentals
I can't seem to find much information on this. I'm curious what you guys think. Is it a good idea to own more of the real estate business by having your own property management company to service your rentals?Ex. - St...
Ari Archer
Rent existing home or buy new rental property?
Hi–I'm trying to develop a 5-10 year plan for myself. I see a few paths forward and am looking for some advice as I'm relatively new at this. Any thoughts would be greatly appreciated.Background:I'm 31, live in Oaklan...