BP Team, Seems like there is a lot of interest in other posts regarding whether it is necessary/wise to have an holding LLC in addition to individual LLCs that own property. I found a lot of mixed opinions and felt be...
Hi everybodyMy wife and I are looking to buy our first rental property, but we are not sure the best way to account for reoccurring costs. We know we need to plan for things like repairs and maintenance, but don't kno...
So I have a 6 family under contract in New Britain, CT that I am expected to close on in 2 days and I have scenario at hand with the sewer/basement. After going through the inspection stage I asked for some repairs to...
Hi guys, I'm currently under contract and doing due diligence on a property with mold issue. The property has a crawlspace foundation and due to it being an estate sale, the utilities haven't been turned on in a while...
Situation: A partner and myself are closing on our first house hack/duplex. we're planning to house hack one side, the other side is currently being rented at $650/month. (We've been best friends since 2009) On that s...
How many options do you give your tenants for rent? Cash, check, mail?Does anyone offer on-line payments only?
The A/C unit in my rental froze up one day during peak summer (in July). I was out of town and I authorized my tenants to contact an AC repair company as my regular AC guy had retired.The AC repair company sent a tech...
Hello, I am in NY (Tenant Friendly Territory). My duplex is in upstate Albany area which is a lower income area. I have a lot of applicants that come to me with programs, which I welcome. However, the big problem here...
Who struggles with depression and anxiety but has been able to be a successful real estate investor? How have you managed these difficult reoccurring emotions and made RE investing work for you? I would love to hear h...
Hello,I own a home on Long Island that is currently worth about $500,000. The house is fully paid for. I have about $48,000 in cash and would like to purchase my first investment property. Should I do a HELOC? Can I d...