Gina Baker
Applying for an LLC when owning properties in multiple states?
I currently own a buy and hold rental in Baltimore, and plan to relocate my primary residence to the DFW area. Once I settle in, I plan to purchase another buy and hold rental in TX. In which state should I file for...
Elford Stephens
Help!!! Tenant moves adult daughter and grandson into 1 bedroom
Hi BP,We are new to property management. We took the leap last February and purchased our first duplex. There are two one bedroom apartments. The downstairs tenant is an elderly lady. Per the previous owner, the ten...
Matt Anderson
Considering HELOC or Home Equity Loan at High %LTV
Hey BP, I recently started a discussion called "Looking for feedback on my next move", and have since been giving more thought to obtaining a HELOC or Home Equity Loan as my "no or low money strategy".Here is the scen...
Demjan Van Der Kach
How to make a distribution from LLC correctly?
Hi everyone,I live in Phoenix, Arizona and have a rental that is owned by arizona LLC. I have a good problem - quite a bit of cash is sitting in LLC's business account and I would like to get some of that cash out. I ...
Stacy Morris
Extreme Newbie but eager to learn
Hello Bigger Pockets! My name is Stacy & I'm extremely new to the real estate game. Exactly 1 month today I was sitting in a 3 day work shop with a "guru" who was doing everything possible to separate me from $40...
Wayne Littrell
Newbie - Deal Evaluation
BP has been such a valuable resource, learning how to properly evaluate deals. I've located an interesting property, and would appreciate any thoughts from those with experience. Subject property is a 3/1 988 sqft r...
Alan Mills
Pre-Foreclosure: Advice for approaching the owners
I went to my first auction. Learned lots. I have my eyes on some properties scheduled for auction. I’d love to hear ideas regarding what you have done that *was* or *was not* successful in approaching owners before th...
Toby Fellows
Interesting one - Should i invest as a co owner to help buy my friends primary home
My good friend went through a messy divorce which hit him hard financially. He wants to get back on the property ladder and we have talked about me putting in 50% of the deposit needed to purchase a house. He has a go...
Brian Kraft
What to Do--Brand New Tenant Wants Out for Medical Reasons
With the lease starting today, I have a tenant who contacted me yesterday saying she was just diagnosed with "a virus" and needs to get out of the lease. She says she probably needs to take leave without pay from work...
John Romero
Making Money with Short Sales
Hi Everyone,
I just attended my first local real estate investment meeting. It was a very good experience to meet others, as well as keep up to date with the latest trends.
The group leader, who is also a real es...