If one were to decide to start creating an LLC for each new property at the time you get the contract, what is the proper way to go about writing the offer? Meaning is it okay to put what the LLC's name will be and th...

Hello everyone,

Just joined the forums, and am excited to have the opportunity to meet people here. My main goal is to find some good friends knowledgeable in real estate, build business relationships, and share k...

I am selling a home in Georgia as a non Resident.I am told a 3% of Cap Gaines will be with held for the GA IRS.I read that GA Capital Gaines tax is 6% and they seems to be no Long term/short term differential.I unders...

Hi Everyone,We are dealing with an issue in one of our rentals where the tenant moved out and illegally subletted the unit to a subtenant who has been nothing but problems. We recently discovered that the unit was bei...

Hello all, my name is Ilmar Molder and my wife’s name is Beth. We have been researching real estate investing for quite some time and now we want to take the plunge and actually do it. My work background is actual...

Hi All,There was an LLC (family owned) that I was a managing member on, but the license has elapsed this year. It was in business for a few years (started in August 2012, i believe). It was a basic LLC used for my Dad...

I have a tenant in a single-family home that I'm trying to decide two things. 1) should I allow him to renew or tell him I don't plan to renew with him and 2) If I renew, do I require the tenant to bring the property ...

Hey everyone, brand new to BP. I just moved to Huntsville, Alabama to start my career in IT and have taken a serious interest into REI. I have been educating myself like crazy on the subject, soaking in about 12 hours...

I am looking at buying a property for 165000. It rents for 1500 per month.  Clearly misses the mark on the 1% rule. But from what I can figure it has a cap rate of 7.11%.   The cap rate seems good but the it misses on...

Hey all.I'm going to take a class to start getting my real estate license at UCLA (class starts later this month), and I'm reading a passage in my textbook that was badly written.  I'm hoping any of you can help me ma...