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.
Robert Clement
Received Rent Payment right after filing eviction
So after some back and forward trying to get part of Oct and November rents, we decided to evict them on Friday, and just after we filed the eviction we received the rent, but we still have not received late fees ($10...
Trevor Scott
Newbie from Pittsburgh PA
My name is Trevor Scott, from Pittsburgh PA. I have recently retired from the NFL and played 7 years. I am going to take my professional attitude to the real estate world. My 3 biggest things right now are; learning, ...
Joshua Zapin
Interested in learning more about investing in Pueblo, CO
While I have been following real estate investing for a while, I haven't taken the plunge. With a bit more time on my hands due to this pandemic is letting me revisit it.I'm interested in learning more about Pueblo, ...
Andrew Schlessinger
Salt Lake Area Investing
Hello BP Friends!I'm a small investor in Baltimore, Md (4 rentals and counting!) and have a friend who is looking to invest in the Salt Lake City area, so I wanted to get a pulse for the rental market. He's not sure ...
Daniel H.
Cash back at closing
Quick question. If I purchase a property with some cash back at closing, do I pay the higher price and then the seller gives me a check for the cash or do we take that out of the price at closing?
Example. ...
Jason Kim
Setting Up LLC Under Different State
Hello BP Meembers,
I am currently in the process of setting up my LLC and my CPA told me to set it up under a different state LLC because it's much cheaper. I live in Chicago and he said that it costs around $500 to...
Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Account Closed
What the CDC Eviction Moratorium ACTUALLY Says - You CAN Evict IF
It's important to read what it covers and what it DOESN'T cover:
The person has to prove they can’t pay the full amount because of loss of work RELATING TO COVID-19
The person has to make every attempt to pay rent...
John Underwood
Attorney/State Legistor delaying my Eviction till August
I sold a rental property that was generating rent. I did a 1031 exchange added some money to it and bought another property that I knew had some title issues that I believe are low risk and the risk to reward was huge...