Johann Jells
Is annual credit and income verification the law now for longstanding mortgages?
The bank we borrowed from last a decade ago has in the last few years after they were acquired started sending us a packet of intrusive info requests, like wanting 1040's and other stuff. We've ignored them. We've pai...
John Castillo
What happens if I don't annually renew my LLC with the state?
I bought a property almost a year ago in the name of an LLC. Now that a year has gone by, the state is asking me to renew the LLC. Do I need to renew it? What happens if I don't? I assume if it expires, someone can't ...
Bryan Clement
Someone had to start the annual "what are your goals" post so....
Hello BP, Someone always starts the annual post of what are your goals this year so I figured I'd give it a go! Thought I'd do a twist on it this year:1. What goal from 2019 did you FAIL on, and why?2. What is your ne...
Brad Pietrzak
how much of a down payment to live off of 35k annual
between me and my sweetheart we make enough to easily handle a multifamily property as a house hack even a single family home. but that is not what we want to do. what we want to do is put a large enough down payment ...
Yanto Njam
6 units building with $101K annual rent. Is it a good ROI?
Hi,I have 6 units building that was purchased for $780K in Chicago area. Bought it early this year and bumped up the rent from $82K/year based on the previous owner to $101K yearly rental income. The property tax is a...
Mika'ele' Keni'
CA Annual Franchise Tax for multiple out of state LLC's set-up
I browsed several posts about taxation on out of state LLC's set-upsin CA, but didn'tt find the exact answer I was looking for...Can someone shed some insight?How does the CA Franchise tax board view ownership of mult...
Kab Blackmon
How many units does it take to replace 135k annual salary job
Looking for some serious guidance. I have never considered real estate investing until a family member got into real estate. I have the real estate BUG now !!! I am not starting from scratch but can't help but wonder ...
Andreas W.
Annual lease ended mid month, tenant wants to move 2 weeks later
I have a disagreement with my tenant in regard to the end of the tenancy. North Carolina.The rental contract's initial term ended on November 14th. The contract spells out that if no notice is given 30 days prior to t...
Lance Knapp
Where Should I invest for 7% Cap Rate and 3% Annual Appreciation?
Hi All,I am a first time real estate investor approved to buy a property that is about $1MM. I am from West Los Angeles, CA, which is a market where cash flow is hard to come by. I have decided I may need to invest ou...
Joshua McGinnis
Buffett's annual letter: What you can learn from my real estate investments
Fantastic article written by one Mr. Warren Buffett on a couple of his earliest real estate investments:
http://finance.fortune.cnn.com/2014/02/24/warren-buffett-berkshire-letter/
One property he has...