William Orrock
Investment company trust or not?
So I’m thinking about investing with a company that says if you invest 150k on 10 properties (turkeys) that you will make around 5,000 a month and this all can happen in a year. Between 13k and 15k for a down payment....
Peter Amendola
Vacation Rental - Is 10% cash on cash too low for first STR?
Hello everyone!
This is my first post and excited to be part of the BP movement! My life was turned upside down exactly 2 weeks ago when my wife said that she will be getting laid off in the next 3 months.
Inst...
Tatyana Shevnina
combining section 121 gain and 1031 exchange
When combining section 121 gain and 1031 exchange, can you take out the section 121 gain or does it have to be included in the cost of the replacement property?For example, relinquished property is sold for $800K with...
Kristina Modares
Cracked Foundation
Hi everyone!I own a rental home in Mableton, Georgia and I recently received a letter from my insurance company that said "foundation has cracking/missing foundation. Debris under screened porch" and that I have one m...
Bob Asad
How do you prevent co-mingling of funds?
If I have 2 rental properties and charging 1st, last, and security; can I take the last and security for both places (combined) and put them into a Bank of America savings account?In other words, I already have a chec...
Ayodeji Kuponiyi
Rejecting Prospect Tenant (Non Refundable Application Fee)
Should my rejection letter read something like this:We're sorry to let you know that the property at [address] is no longer available. At this time we've rented this property to other applicants. Thank you.Do I need t...
Michael Culler
War! What is it good for?
First of all, I appreciate the men and women who choose to serve in the armed forces for our country. And I do not mean to offend them in any way, but instead try to gain insight in some questions that I have.
Why d...
David Roberts
Forming LLC to govern the rest of LLCs
This will likely be an easy question for some of you.So, if I generate 3 LLCs, 2 of which hold 1 rental home in each, and the 3rd which is the main LLC that owns all other LLCs under it...How do I make that true? Wh...
Cenddie Alaban
Our family friend has $150,000 in cash but cannot buy a house.
I was stunned when our family friend told me that she would contribute $100 K in cash towards my purchase of a $250,000 Duplex at Tinley Park, Il. I already made an offer on this Duplex and waiting for the Seller's ba...
Torey Chumbley
Considering Roofstock Academy
Hello everyone,
As a newbie investor, I am trying to learn as much as I can before taking the plunge. I started the process of learning over a year ago, but I still feel no closer to making my first purchase. By acci...