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A tenant is interested in buying the house he is renting from me via Land Contract. I have not done this before and would like some opinions on what to look for and how to set up the payment?
I am curious what commo...
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Hey guys,
I am looking at buying my first investment property. Here are the numbers:
Asking 160k, but I plan to offer much less
Units are 2/1’s, rent for $595 each
Built 1984
Tenants pay utilities
Income: $595 x 4...
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One popular question on BP is the question of "should I file for a LLC" or "Do I need one?"I definitely do not have that answer because everyones intentions, needs, and goals are different. But... I decided to file f...
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I currently have two long term rentals and am looking into buying into the short term rental arena. I know there are penalties and tax implications but wanted some advice on cashing out Roth IRA or IRA to buy investm...
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It was just supposed to be her and her two kids, and she said she was single, had no time to date, works 70 hours a week, two jobs, hardly home, etc.As I like to do, I drove by the unit recently, as I have the past 3....
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How would I be able to buy a property initially and cash out refinance utilizing the BRRRR strategy if I cannot prove income right now? That's the biggest hurdle I'm experiencing in planning for my future cash flow pr...
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California recently signed a mandate requiring most new homes in the state to include solar panels after 2020. California is the first state to do so, but it likely won't be the last, with New Jersey and Minnesota pur...
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Why have you not sold, refinanced, or 1031 exchanged your pricey RE for more cash flow? I did and went from $50,000 cash flow to my current $120,000 cash flow and in 2 months moving to $160,000 cash flow. Would you h...
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Good evening BP community,I have a tenant who has requested a full power washing of the house. My wife and I like her quite a bit, she is a sweet and very polite older lady who keeps the house in immaculate shape. She...