Nick O.
Incentives for keeping contractor/GC motivated to keep bids low?
Contractor currently charges % on total spent which gives him no motivation to keep bids low or fight for better deals with subs/suppliers. Wanted to get some ideas on how I can incentivize him to be motivated to get ...
Charles Leon
Different LLC for every flip?
I’ve been doing fix and flips for a few years but I had my CPA tell me I should open a different LLC for every property then close it when the property has sold. Thoughts?
Matt Liu
Each property: its own LLC, Debit Card, HomeDepot Card, & Quickbooks file?
I'm starting to really expand my portolio with a lot of houses. As it grows I'm also creating more LLCs. Isn't this going to get overwhelming to have in my wallet a Credit Card, and Home Depot Card for every property?...
Atwan Kwan
Pays Rent!...... but loves cats.....
My tenant has been with us for a year and a half. Rent is about 15% over market with a rent increase 6 months ago and they haven't missed!HOWEVER ...... when I sent a contractor over for a few minor violations (smok...
Joe Splitrock
Best Hack or Right Tools For the Job
I have learned that having the right tools can not only save you time, but you can do things you thought were impossible. When I say tools, I am broadly including processes, chemicals, machines, etc. What are some gam...
Chelsy C
Flipping properties without LLC
What do you guys think flipping houses without LLC or an entity? I have flipped 5 houses with my personal name, and a little worried about the liability. I would like to hear from you.
Raul R.
Maybe it’s time for there to be an age Requirement to join BP
Im seeing a trend, several kids have been posting on BP wanting to be Investors. As many of you did I posted on one of their posts which I now regret.
I’m reading thru the posts and I don’t believe BP is the place for...
Brandon Lowery
Qualified Intermediary Scam?
Hi everyone... I'm new to this forum, thanks for having me.I'm in a little bind and need some help related to a 1031 exchange where a Qualified Intermediary is holding $113,344.93 of my money. Looking for some advi...
BreAnn Stephenson
What does General Liability cover and what is excluded?
Disclosure: I represent Affinity Loss Prevention Services, the chosen loss prevention partner of NREIG/AGMThis question and a few items came up in another thread and warranted further discussion.@Gautam Venkatesan @Da...
Joseph Nigro
Should I form an LLC for each rental property I acquire?
Good idea? Where would you handle most expenses? Divide them out or under one specific Llc example.. Gas to drive to the property and lawn equipment to maintain the property along with other home office expenses.