Hello BP family,So, two months ago I contacted my mortgage company to waive the PMI on my mortgage as I put in a ton of work into the home (bought it at $525k put $125k into it). The appraisal was ordered and my home ...
Hello All,I have a rental property in Philadelphia that is owned in my own name. I formed an LLC for this house prior to purchasing the property, which I later decided not to use because I figured lending would be eas...
Great article
21 Ways Rich People Think Differently
I learned how to think like the Rich in High School when I knew school and working/slaving away for someone else just wasn't for me, all you do is m...
Everything else being equal, floor plan, amenities, condition, etc, do you charge the same rent for your uppers and lowers, or more for one or the other? I've found most tenants seem to prefer a lower, so shouldn't th...
Hi everyone,Can someone please tell me some of the differences between wholesaling residential VS. commercial? Thanks in advance!
Slightly different set of questions about entities. We are looking at forming a three person partnership to do buy and holds mostly needing rehabs. We have agreed on an equitable split of the workload. But I will p...
I've asked this before, and came away MORE confused. So let me try again.
Another poster on here in an older thread said: "In a few years when my units are paid off, I can keep the full rents as profit." (p...
I am in the process of signing a rental agreement which states the tenant as an LLC. Then at the bottom of the agreement the signator are the two individuals who own said LLC. Is this fine or should the signature line...
Hello BP,I have a friend who owns a house free and clear. He wants to sell the house because the location isn't the best and he doesn't want to deal with the utility bills. The house is in good condition and it was ...
I have a duplex with identical 4/2 units. One side is renewing this summer and I've told the tenants their rent will be $2100 per month for next year. The other side lease ends a few months later and the current tenan...