Khari Lewis
How much cash reserve
How much cash reserve should I have for maintenance and maintaining each rental property
Houston Hunt
Land Investing - In the weeds steps from buying to closing
Hi all, first post to BP! I am getting into tax delinquent land investing with seller financing but am intimidated by the granular steps and paperwork from issuing an offer through selling and closing. I plan to hire ...
Account Closed
Buying a Quit Claim Title property
Hi everyone
I recently found someone who wants to sell a house but they won't offer a warranty deed. They only offer a quit claim deed.
What would be the risk of me buying a property like that?
From what info I fo...
David K.
At what point do you replace heatings systems in rentals?
I've got a quite a few units. All have older 25+ year old gas boilers. (gas baseboard) I plan to keep them long term. At what point do I start replacing the boilers, albeit before they actually break and have to b...
John Walter
Newbie [already] in a bit of a pickle...Could use some help.
I'll keep this as brief as possible, but I want to convey my uncertainty. FYI, this is my first purchase, and this would be a house hack (triplex).My offer on a new construction home was agreed to and signed at the en...
Mike Clark
Texas Contract for Deed
Father and two brothers form a Family LP. The LP buys a few investment properties. The brothers wish to use two of them as their personal residences. If leased from the LP, the entire rent amount would be taxable inco...
John Philip Eugenio
Transferring RE to LLC
Good evening BP community,I currently have 3 houses in CA: 2 rental and 1 primary. Both my rental properties are under VA loan with 4.5% and 2.5% rate. I bought these houses as primary residence back then. I would lik...
Christopher Adkins
Land Trust
Hi Guys,I could really use some help on this one as I do not have a lot of experience with Land Trust.Here is the scenario from the owner:Or I can owner finance to a LLC or other entity, property stays in the land tru...
Alex Stone
Buying a townhouse with a foundation repair
I am looking at purchasing a 3 story townhome in Irving, TX, which is known to have shifting and expansive soil. The home was built in 2006 and is in great shape. However, there were 11 exterior concrete piers and 8 i...
Clark Meyer
Seeking advice on LLCs with Mortgaged SFRs
Have heard two sides to this:
1) mortgaged properties cannot be put into LLCs and the bank will call the loan (due on sale etc). Only option would be umbrella insurance.
2) banks never find out you put it in an LLC...