Tomas Navarro
Getting started with the BRRRR
Hello all, my name is Tomas. I want to get started on my first BRRRR, but I'm confused as to how and where I get the money to finance the new purchase and the rehab. I have a rental property that has an estimated va...
Michael Ginter
Room rental agreement, or single family rental?
I am wanting to lease 4 bedrooms to one person. I will maintain one bedroom and the garage for myself with shared living spaces/bathrooms/etc.
Do I have to make a separate lease for each bedroom or can I include all ...
Lewa O.
S Corp Loss Reporting impacting Personal Mortage Qualification
Hi,Looking to get some insights from the experts.As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.Now an average time for us from l...
Account Closed
Tenant took down smoke alarms. What is my risk?
Hello hello. I was just inside one of my units fixing some plumbing, and I noticed they had taken down 3 smoke alarms and the only carbon monoxide alarm. Only two of the original 5 smoke alarms were still up (though...
Cain McNeil
Needing help finding non recourse debt (Panama City)
Going to try to keep this as brief as possible- I located a great deal: 25 units, NOI is 165K, contract price is $1,250,000. Property is in a B-, C neighborhood and is well maintained and managed with 100% occupancy. ...
Aaron Hale
HML wants property in LLC, bank skittish of newbie LLCs. Catch22?
Hey BP,I’m about to close on my first property which my wife and I plan to BRRRR. The property was a lucky find at auction but it will need a great deal of work to bring back to life.The original plan was to purchase ...
Young Moon
Tax Question on expensing mileage
Hi everyone - I am in the midst of getting my taxes done and my accountant is telling me that because I do not have a separate legal entity to assign my mileage expenses for looking at new properties that I cannot cla...
Shawn McKinney
Series LLC pros and cons
Has anyone switched over to SeriesLLC? If so, how has it worked out for you? Is there any case law on SLLC? I'm getting big enough where I will need to start separating assets. I'm in Arkansas and there is no case law...
Vin Soando
1031 Exchange - Financing Restrictions on Higher Value Property
About to do our first 1031 exchange and trying to understand if there are any restrictions on financing when purchasing a replacement property above the relinquished property price.Here is our scenario - Selling prope...
Andrew P.
Do you clean out the gutters for your tenants?
I have a buy and hold, and my tenants mentioned the gutters needed to be cleaned. I know it's going to be different for everyone, but is this something you provide for your tenants?