Michiel Hart
Selling real estate
A real estate agent forms an LLC. While previewing the new listings on the market the agent sees a bank-owned listing priced to sell quickly. The agent writes an offer on the property in the name of the LLC. The b...
Christopher Stanis
Can I get an FHA loan?
Here's the picture: I have a single family home I'm rehabbing and may look to rent it out, and refinance under a residential refinance option. I have had no other properties under any residential loans.
My question i...
Tuan Tran
2020-21 stratgy with recent price appreciation
Hello,I'm currently evaluating whether to acquire another rental property (in DFW market) and the numbers appear to be working (~8% CoC ROI) However, I'm seeing multiple bids on properties that I'm looking at and it'...
Albert Blair
Turnover Property Process
Hello BP Family,I have a couple of issues that I need information on turning over a single-family home. This is my first time doing this, so I want to understand the most efficient way to do so. I understand that I ne...
John Gavin
2 owner LLC - breaking it into 2 distinct LLC’s
A friend and I have an LLC that owns multiple properties and for several reasons we would like to split the LLC into 2 LLC’s and each own one. We would like to split the homes and both have separate LLC’s moving forwa...
Bryce Till
Help with buy/hold on 1900 house
BP,
I have a potential deal on a SFH 3B 1B house built in 1900.
Listed Price $114K
The house has recently been rehabbed by a flipper but after a strong rain storm yesterday the house has a leak wi...
James Liess
Transition to new tenants.
I have a multifamily, and luckily both tenants stayed for two years, but the upstairs tenants are leaving. I found a new tenant quickly, but I'll lose a month's rent due to the transition. Is there a strategy to trans...
Rah-sheen Blalock
Can you have two Hard Money Loans on the same property?
property is 150k i got 75k from 1 lender can i get 75k more from another lender to close the deal???
Don Spafford
tax filing under LLC or personal rental income?
This is my first year holding rental property. I hold title to it in an LLC but the mortgage is in my name. While filling out my taxes I placed the rental income as the LLC income, thereby creating it as business inco...
Jimmy Lynn
Balancing Time and Budget: Tips for Efficient Property Renovations
This is an interesting topic. There's more to it but I think this hit's some highlights and raises good questions. Plan and Research Thoroughly: Start by creating a detailed plan that outlines the scope of work, desir...