Bryan Colton
Forming an LLC.
I am from NY State and I've been told not to form an LLC. in this state. I was also told to check Utah as a great state to form an LLC. I know I would need an Agent who resides in Utah. There would be no ownership in ...
Jacob Morgner
Getting creative on a Property with a 2nd
Is it possible to structure a purchase on a property as follows:
Negotiate with the 1st to get the purchase price down to reality while simultaneously keeping the 2nd satisfied?
Can I keep the 2nd involved somehow? ...
Austin Fox
First Deal Done - How to leverage it for the next deal?
Hello BP,I have closed on my first property and would like to thank you all for the wise words of wisdom this community provides. My question is how can I leverage myself to use this deal for future deals. Now before ...
Pam R.
Advice on Investing in Rentals in VERY small towns
I'm in Central Ohio, and have been looking for a good investment property or two in Delaware OH for nearly a year. I've purchased one, looked at a few, bid on a couple of others. But good deals are getting harder t...
Jason Port
First deal ever...any advice?
OK, I recently got into the business...and when I say recently, I mean like 2 months ago. I haven't put a deal together yet but, I was wondering if any of you guys could tell me what you think the most important firs...
Baird King
Does the sale of a minority share trigger a tax assessment?
My wife and I purchased a property with a partner in a 1/3, 1/3, 1/3 split. We recently purchased his 1/3 share and I am wondering if that will trigger a tax assessment? We had to refinance in order to pull out cash ...
Joseph Garner
Buyers closing cost
Hey BP community! I am in the process of buying my first property! It’s two SFH that I can’t wait to get rented!
However, I’m hung up on closing costs. What is a typical percentage I should be charged?
Currently th...
Trevor West
Performing Duplex in Good Neighborhood
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Fayetteville.
Purchase price: $75,500
Cash invested: $1
This was a wholesale deal. By knowing my specific criteria I was a...
John Smeltzer
HOA Rule Change to Disallow Rentals
Hi - Looking for some feedback. Four years ago I purchased a condo in an HOA community. We bought it for relatives to live in.
Within two years of purchasing, the HOA Board put out a vote to disallow rentals and th...
Nathaniel Sconiers
Seller Financing for Quitclaim Deed
Hello BP Members,I have a bit of a dilemma. Im looking to purchase a property that is in tax foreclosure from the owners. Several of the owners died 20+ years ago and the title is a mess. I spoke with a title attorney...