When it comes to the real estate business, one document is crucial: the operating agreement. It's the plan that describes each partner's roles, responsibilities, and remuneration structure. A detailed operating agreem...

Just wanted to get the BP's universe feedback on this topic of coming up with an offer letter for a seller of the property you are trying to acquire.What are the pros? Cons? Tips? Advice?Does this really make a differ...

Hi,

My name is Jeffrey, and I’m a veterinarian living in North Dallas area. Me and my wife worked and saved for the last 15 years to accumulate a little over $650K.

We are currently in a situation where I will be...

Hi BP,What is the best negotiation you've done so far, what moves did you make and how did it turn out for you? Just walked on my first SFH deal and want to learn more about effective negotiation. -Reposted in the B...

Hello, I have 2 LLC's setup to shelter assets and limit liability. Originally, I planned on using traditional fixed APR term financing for my future properties. However, I am finding most lenders offering a fixed APR ...

What's up folks? Give me your thoughts: Turnkey or BRRRR for purchasing for the sole purpose of STRs? My initial thoughts are to purchase turnkey, because you have furnishing/amenity expenses that you normally wouldn'...

I'm researching to build a plan to buy my first STR.  What are the pros and cons of: 1) Buying a property nearly ready to rent and compete in its market.   I.e., there are likely relatively few improvements to be made...

I have a troublesome tenant that I am having a hard time getting out of one of my multi-family properties.  The tenants were all on a month to month lease.  I had all of my tenants sign a year long lease after increas...

I really love real estate , but don't know where to begin I read so many books and feel confuse at times this buyers list is no joke to build and I know it takes hard work, this buyers list and to find a good agent...

I'm interested in bidding on a property scheduled to be auctioned on the courthouse steps.  The property is is tenant occupied-  I've knocked on the door and briefly spoke to the tenant (which in itself feels like ove...