Jay O.
Purchasing Multiple Properties at once which are Multi-Family units
Hello everyone.
Thoughts on structuring this deal. What to look for? What to be aware of? Simplest way to put it together. Suggested steps to take or a great general outline from beginning to end. Advice from...
Jeff G.
How do I buy a 20 unit as my first property and not get burned?
I've got my eyes on 2-3 apartment complexes on LoopNet that have made it past my BS filter. These all have a unit count in the high teens or low twenties. I have some specific targets in mind for cash flow and cap rat...
Jack B.
What are the risks of DSCR loans?
I understand they have a little bit higher interest rate, but what are the risks of DSCR loans? Is there a demand clause where they can call the loans for no reason? My conventional loans don't have a demand clause. T...
Hugo McBride
Let's say you won the lottery ...
How would you invest say $800k?[...it is a smaller more winnable lottery ;) ...]I often ask this question to friends to show them that one does not have to wait to learn and have a strategy. This time I'd like to ask ...
Jonathan Twombly
Do you need an LLC? Absolutely. There is No Debate About It.
The LLC debate rages on here at BP. Rarely does a day pass without an investor asking whether they should use an LLC or not. Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...
Danielle Cage
Creating an LLC - use my CPA or diy?
Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Sean Delagrange
Company/LLC Name ideas
Hey Everyone,Quick question I’d love some advice on. Just bought my first rental property and I’m going to form an LLC and move it over to that ownership. The goal is to purchase more properties over the years mainly ...
Mindy Jensen
Investor NOT protected by LLC?!?
A new development out of Atlanta this week. An investor has been held liable for the exceptionally poor conditions of his properties, even though they were held by an LLC that was not under his own name. He argued tha...
Jacob D.
What are y'all getting for rates?
In the Boston area, I was quoted at 7% for an investment property (25% down) conventional 30 year with 800 credit score and really good W2 income history. Anyone get cheaper than that recently?