Hey Everyone,Settlement is next week for my first flip. I have some questions about how our profit/ payment structure is setup, here are the details:--- 4 Owners in an LLC taxed as an S Corp--- Myself and 2 other peop...
I know this is equivalent of asking someone to throw darts in complete darkness, but as I'm researching I'm finding that Banks/Investors have at least some initial approach when contemplating where to set their val...
There’s nothing more critical to investing than finding money/funding, etc., and I know that I, and many other BP members would like to learn from those with different experiences. As a developer, there’s always...
Alright!! I been working on few deals and one especially with a old pool. We are closing on this deal soon and checked with few contractors to close the pool. Nobody talks about the permit except one guy. They all wa...
Hello team,I acquired an 8 plex about a month ago. The in place tenants were month to month. We drafted a new lease with a rent increase and instructed the tenants to return the signed leases by Jan 1st. I have one...
So I have a rather tricky situation that I need to resolve at a rental condo. I own one of the units out of a total of eight in the building.There is a copper drain pipe leak inside the common wall between my unit an...
I recently got married and upon the final details found out that my spouse's condo was behind on payments because she had accidentally let the insurance lapse and a pipe burst.I was just beginning my real estate/renta...
I've heard some people manage their own rentals without living near there. My VA does most it for me here in nashville, but the main part I can't crack is the physical items. Who keeps the keys? Who stores the lockbox...
Since REO's are bank owned and have already gone through the foreclosure and auction process does that mean they are a less desired investment property? I would think that all of the seasoned and experienced investors...
I've heard people recently mentioning that the US is headed towards a market correction. In what ways is this different than a full crash, like in '08?