Bryan Hancock
Designing Around Restrictive Covenant Risk When Purchasing Land
We have a purchase contract for a lot in Austin that we're planning to build a duplex on. We recently received a title commitment and Schedule B shows an exception for some restrictive covenants from 1948. These wer...
Vincent Crane
Texas - No income tax, but higher property tax. Worth it?
Most states have a 6% income tax, so if someone is earning $100,000 per year, that's $500 per month. If you're a real estate investor in Texas with multiple properties, there is a higher property tax. Is it worth it? ...
Mark Ferguson
My project manager experiment failed
last week I posted about some successes. It can't all be fun and games! In April I hired one of my contractors to be my project manager. My goal was to have him hire subs, mange contractors, bid jobs and basically han...
Clint Harris
Short Term Rental journey update
One of the best parts about this community is being able to learn from so many of you, avoid pitfalls, and celebrate successes together. It amazes me how many meaningful relationships my wife and I have built through...
Eric Crockett
Expanding my portfolio in the Boston and Providence Areas
Hey Folks,
First post on BP here. Probably a bit longer than usual...but I am an avid (not necessarily good) writer. I don't know exactly where I am going with this or what I expect to get from it, but let's see wher...
Josh Butler
cash flow vs paying down mortgage
hey everyone,I just had a general question that I've often thought a lot about and thought I'd pose it to the BP community.Before deciding to get into real estate, I had always considered the real benefit of owning an...
Dawn Oree
Renatus Education I’m Considering Joining. Any Advice?
I’ve recently been introduced to Renatus. I wanted to know if anyone here has used their education and mentorship to become successful in real estate. It’s a $20,000 commitment. I’d like to hear your feedback on th...
Gary Van Horn
Wholesaling in Illinois
IS WHOLESALING ILLEGAL IN ILLINOIS?The Real Estate License Act of 2000, 225 ILCS 454/1-1, et seq., and its accompanyingregulations, 68 Ill.Admin. Code pt. 1450, govern the business of real estate brokerage in Illinois...
Kevin Stablier
Rehab Permitting
Hi folks!In my jurisdiction, and I'm sure it's common in most others as well, any rehab over $50,000 in cost requires permitting and a contractor's license if your are legal entity. If you are filing as an individual...
Charlotte Chew
Rent collection suggestions?
Ive had my town home rented out since March and this is my first experience being a landlord. I did screening through Zillow Rental Manager and got my rental agreement from BP. Ive picked up rent several times in cash...