Joe P.
Step kids with unclaimed interest in property?
I have the opportunity to purchase a property at a steep discount but there is one potential issue I am unsure about. The woman I will be purchasing from says her ex husbands kids are claiming to have an interest in ...
Valerie King
Detroit Car Insurance (Yikes!)
I'm saving up to house hack and live in the suburbs of Detroit with my mom. With prices going up all around, I recently spread my house hunting reach to include Detroit. Then, just last night, my dad pointed out that ...
Randy Steele
What happens to liens during a foreclosure?
We purchased a property from the courthouse steps 3 years ago. Our understanding was this process cleared all liens on the property. But now we're being asked to pay delinquent bills from the former owner to the HOA. ...
Ryan Vienneau
Attention flippers: Need liability advice, conflicting opinions
Looking for some advice from any flippers in New York. I'm planning to do some flips this year for the first time in the Albany NY area, I'm in the process of forming the company right now, meeting with CPA's, lawyer...
Kye Dawson
LLC for asset protection
Would it be wise to set up a separate LLC for each property that I have to protect each asset individually? i currently have two rental property's that i will eventually transfer to a LLC.
Nati Hanuka
Deposits and Other Securities
Hello everyone,For someone who starting his REI journey I would like to hear from other what are the common securities you are requesting from new tenants upon signing on a lease?Do you request first and last month re...
Mona Zemsky
foreign diplomat as tenant, how to protect myself
Hello, I'm lucky enough that a foreign diplomat is interested in a 4-year lease on my house in Chicago. It's the incoming Consul General for the country's Consulate General in Chicago and his family.A foreign nationa...
Franco Epifania
Cap rate and cash on cash return
Still a little confused in these areas and would like to really understand them so i can better calculate if the investment is worth it or not. I understand cash on cash is annual net income/cash invested, but what if...
JJ GONZALEZ II
Cash Out REFI for LLC owned property
I have a great deal in Bonita Springs that I bought for cash. I am trying to do a cash out refi but the 20 banks and credit unions I have contacted won’t do it because it titled in the name of an LLC, or the ones tha...
Eric Raio
Market Timing
Recently I have been torn with my decision on execution and I'd like to hear what BP has to say.I currently don't own any properties and I am looking to purchase a multi-family unit so that I can get my first property...