Hello BP community,I’ve owned my rental since January of this year.Out of the 4 months that our new tenant has been renting from me, they have been late on the rent 3 times so far. Mostly they pay anywhere from the 8t...
The idea of an FHA 203k sounds like the best tool to use for a new investor. I’ve heard about it for years and with the market it’s a hard sale especially since most agents don’t fully understand the process. I’ve don...
Hi All,
Late November, we purchased a property that is considered mixed use in Chesapeake, VA. Along with residential units, there are two stand alone commercial units. The units are up for renewal soon and I am in ...
My accountant mentioned that he can open my LLC cheaper then my attorney any thoughts?
Also, any insight into a two member vs one member LLC (for flipping properties)?
Thanks!
I am located in NJ
Hey everyone,
I have a few properties I am trying to assign but first I realize I need to tie them up under contract.
Is there a basic contract I can use to tie up the property? A P&S, or what?
Thanks.
*Side...
Interesting scenario. My fiance' and I bought a SFR in our home town which is new construction. We went there, picked out the lot, the exact layout of the house (these were predetermined, about 10 selections) signed...
They say you should always start with why; that what you do is not nearly as important as why you do it. The saying really plays to persistence and strong will - it reminds us to think deeply about why we do what we d...
Hi all,Im currently holding a property under an LLC last November. I hired a CPA to do our taxes and bookkeeping. Recently, he sent me an invoice for all his services. It was about $550 for the tax returns, which is q...
Good afternoon BP, My question today is on whether or not I should do a cash-out refinance or do a home equity line of credit on my duplex?Here are the details on my house.- Bought with an FHA loan in July of '1...
HELLO ALL!!!I am extremely excited to be a part of the Bigger Pockets world!!!I stumbled upon the Bigger Pockets Podcast on Stitcher as a recommendation. I have since listened to just about every episode and a few mu...