Michael Karl
Raising rent on a newly acquired unit with current tenants
My wife and I are getting ready to close on a 3 unit rental property in a suburb of Buffalo NY. All three units are currently occupied, 2 of them are month to month and one is currently on a 1 year lease. All three ...
Nat C.
Banking problems
I own a lot of properties and take all the rents by bank deposit.So each month I have over 15 different deposits in my account and some of the properties are the same rent amount. I've previously asked tenants to send...
Patrick Flanagan
single family vs multi family
Hello!I personally like multifamily investing because of the cashflow, value add, and a little easier on the pockets if you have vacancies. I close on a 4 plex in Oregon this month, im currently looking for other mult...
Michael Calderaro
The Insider's Look at Requesting a Laundry Proposal!
Greetings Gentle Readers!Typically when a property owner or manager needs a laundry proposal they contact a laundry company and ask for a “proposal” without giving the operator, specific, if any guidelines in which th...
Daniel Dietz
Can Seller 1031 into a new partnership with buyer of old property
Hello, I am wondering if a seller of an existing property, say a 4 plex, can do a 1031 into a 'new' property with the same person or entity that he sold the 'old' property to? Think of it this way, I buy 4plex from 'F...
Shiloh Lundahl
4 Million Dollars in 4 years - Thank you BP
I was just updating my portfolio spreadsheet and I noticed that our equity position for our portfolio just surpassed the 4 million dollar mark (the majority of which is split between a partner and me). When I saw that...
Carolyn Morales
Mortgage terms, 10, 15, 20 or 30 years and why?
For Mortgages, including Primary Residence and Rentals, Do you choose 10, 15, 20, or 30 year terms and why? We tend to go fewer years, with the mind to pay down principal faster and so far all are buy and hold, with ...
Antea Alexander
Is it worth it to be a LLC?
Should I become an LLC? Pros and Cons? I have two rental properties in Massachusetts. I am wondering if my legal responsibility will increase if I get a business license?
Bobby Romadka
New Investors: Should we get management?
I am brand new to BP and my apologies if this has been discussed before:As a brand new investor, our goal is to buy our first Multi Family property by the end of 2021. We will be using a va loan. We both have full tim...
Daniel Foster
Self-Directed IRA VS Solo 401K
I am looking for some advice and comparisons between a Self-Directed IRA vs a Solo 401K. I have scanned through the various threads and have a couple of books on order, but could use some advice. I will likely have ...