Kyle McLain
Partnership or wait for LLC?
Hello,I am looking to purchase my first real estate investment (a duplex or triplex) with my best friend. In preparing to start investing with my friend, I am trying to understand our best options for both how we shou...
Chuong Pham
Reverse Close investing is it Legit?
I was presented with and investing opportunity called Reverse Close through a transaction engineer at on of the local REI meetup. From my understanding the process involve person A with good credit borrowing from the ...
Tyler Bushey
First flip partnership
I may be partnering on a flip with someone, it's my first project and I'm curious about what common partnering terms are. Thanks in advance!
Eric T.
Apartment roof leaks caused property damage - seeking advices!
Dear BP members,My brother is currently experiencing a roof leak issue after recent heavy rain which damaged some of his personal properties. The main cause of the roof leak was from roofer hired by apartment manageme...
Scott Berman
Airbnb cleaning service in Washington, DC
We have a two unit rowhouse on Capitol Hill in Washington, DC. We've been doing quite well Airbnb-ing our lower unit, but we're soon moving overseas and are considering keeping it a short-term rental. Does anyone have...
Ric Ernst
How to execute an out of state quit claim?
I need to quit claim one of my Indianapolis properties from my personal name to my entity. The title company that I use for most of my purchases (Chicago Title) won't handle this for me and recommended a lawyer. Seems...
Eugene White
What are the pros and cons to opening a business account?
Hi BP,I just bought my first duplex and wanted to get some advice on whether I should open a business account as a sole proprietor or LLC and what bank accounts I should be considering. Are there any particular banks ...
James Feely
Long distance landlord - how do you pay the boots on the ground?
To the long distance landlords, Who is your "boots on the ground" person? What is your employment relationship with them? Are they a formal employee? Contractors? Vendors? Is there a way to structure the work to ...
Bianca G.
How would you handle rental income
Hello BP Family! When you rent your property how do you handle the rental income?Do you open a seperate bank account for that and also how do you handle the security deposit?Can someone please advise.Thanks
Jeffrey Gordon
Estate property in Foreclosure--making a deal beforea DC auction, possible?
we are looking at a property which is coming up for auction shortly. The creditor has been telling us about it for months. His original debtor passed away and a family member is the personal representative.
The auc...