Kesete Thompkins
Considering Renting by the Room - Good or Bad Idea
I'm considering converting one of my SFH (4bd/1bth) rentals into a rent-by-the-room situation. All of my other properties have one family in them, however I wanted to consider the possibility of using this new deal to...
Matt Le
Looking for anyone who has used water submetering companies
I am the president of a HOA in a 6-unit condo building looking for a solution. Louisville MSD just increased rates 7% again and this year we are averaging $700/month between water+sewer bill which has basically bankru...
Ellie Narie
Debt replacement in a 1031 exchange with two joint owners, but only one on the loan?
I heard that with a 1031 exchange we would need to replace the entire debt. How would that work if the property is being owned by two unmarried joint tenants with rights of survivorship, with only one person on the or...
Jack Walker
Airbnb SFH - different listing every room?
I just recently listened to the BP podcast #210. On the second half of the episode, Sam is interviewed. He mentions that he owns a single family home(SFH) and rents out each room. Has anybody else done this and have a...
Yoni R.
Personal Guarantee question
I need to personally guarantee a mortgage for a refi that I am doing on an investment property of mine. The property is under an LLC. I have other properties that are owned with other partners and those are also in LL...
Lilly Fang
How do we decide the share when parternering to do flip? One will do all the work.
In our area, most of the fix uppers are cash only, (usually 300k to 400k) and needs more cash to renovate. I only have about 200k cash to spend comfortably and don't want to take a hard money loan. One of my close fri...
David Kirkland
Property Management ... Company or Individual and why?
Do you prefer to work with individual property managers or property management companies? ... and why?
Brian Randall
Searching for handyman/contractor in Indianapolis
I picked up a duplex that's currently occupied Sept 1st and I'm currently closing on a vacant unit. I'm looking for a budget friendly, reliable, handyman or contractor to do a little bit of work. Can somebody shoot me...
Harry Zhou
loan application packet sample
Dear BP, A "loan application packet" has been mentioned over and over in the podcasts and blog posts. I am wondering if someone is kind enough to PM me a link to a sample loan application packet. I am working on my 1s...
Jeff Wallace
C-Corp Tax Deductions
I will soon be flipping homes in a newly created C-Corp. My plan is to pay myself a salary and reduce the Corp's yearly net income to zero. I would like the corporation to pay as many of my personal expenses as poss...