I'm looking into some better guidance into tax planning and a new CPA as I grow my real estate business. Has anyone worked with Tom Wheelwright's ProVIsion or now Wealth Ability? I had a consultation with them and ...
Hi everyone!
I've been immersed in studying real estate investing, particularly wholesaling, but also fix and flip, and buy and hold strategies for the past six months and I'm dedicated to making this a successful ve...
Hi Everyone!We took possession of our first rental on July 15th and we are self-managing it. We've prepared a pre-screening questionnaire with guidance from Heather & Brandon Turner's Managing Rental Properties b...
I'm interested in learning investing strategies for mobile homes, but here in the Golden State (Sacramento area) we're paying Golden Prices both for mobile homes and lot rents.I've got the dough to make all-cash offer...
I talked to Brian Gibbons today for around 30 minutes. He gave me a short description of some of the ways to invest in Real Estate and then talked to me about what I want to do with real estate. Of course he was tryin...
I know: turnover is the biggest expense. But let's be more specific. Is it:1. Time sitting vacant during turnovers?2. Losses due to excessive wear-and-tear?3. Maintenance or capex?4. Expensive property management?5. M...
Hi, I am new to the BP forum and in the process of researching my first rental. I plan to open an LLC to protect my assets. My question is -should I get the rental property first or establish the LLC first? Further, I...
My business partner and I are creating a real estate investment firm. -- Our niche will be acquiring Chicago properties to convert to short-term rentals.
We will acquire the properties under our LLC and keep them re...
I self manage 6 SFR. With my first lease I started with a flat $50 fee if rent wasn't paid before the 7th of the month at 9pm. A tenant took advantage of that and now pays at the end of every month but I get an extr...
What is the best cash flow strategy in your opinion?
I was told that owning cash flow residential properties is a pain because of having to deal with the maintenance, tenants and sometimes property management compani...