As my first multi family buy - I think I was lucky to get into a 3x 3bed 1 bath multi family in an A+ area which immediately appraised for 100k above purchase price. The immediate need and plan is to live in one, rent...
First and foremost my 2 main philosophies:1. BLUF - bottom line up front2. Don't waste timeWith that being said...My name is Brian, I am a 25 year old currently living in Southern California looking to abandon all asp...
Hello BP family! I am currently in the process of closing on my first primary residence which is a FHA 203k loan. I was in contract in early September, and hopefully will close by the end of this month and then still ...
Hi all... I've read several posts on an LLC search but have not found "the one" that helps decipher the dilemma around creating 1 LLC for each house vs 1 LLC in each state I'm investing in and putting all homes in tha...
How do you think statewide rent control will effect cities in upstate New York like Buffalo, Syracuse, and Rochester? I know that they suffer from similar issues as Midwest rust belt cities. Going even further, small ...
So I was wanting some advice.I'm very close to being ready to buy my first property for a rental.I've been through 10 banks, finally I found one that gave me the time to day to at least have a discussion with me. He s...
We've just started showing our first unit. It's non smoking, minimum income of 3 times the rent, basically all stipulations listed in Brandon & Heather's management book.We had a prospective tenant ask to bring he...
I've just purchased my first property: a duplex in I guess what I'd call a C- neighborhood. I'm hoping it will turn into a success story post soon, but TBD.Both of the units have hardwood flooring in their main living...
Hi everyone, I am contemplating asset protection strategies for my California and Memphis properties and a real estate guru says to hold the California properties in land trusts owned by a Wyoming LLC. This WY LLC wo...
With the help of an attorney and some responses here, I have come up with the game plan to have a business structure as follows:Trust (Top ownership that owns the management company)Management Company LLC (first actua...