Kevin Kohler
RV Park labor & Management expenses
Hi all,Currently reviewing an opportunity for an RV park. Mixed between long and short-term. Amenities, pool, Office, etc, near major interstate exit. How should I be reviewing expense ratio's and assumptions on la...
Dan T.
How to evaluate return on Apt building.
Would anyone care to share their process for analyzing a deal? I'm considering investing in a Apartment building rehab and trying to determine if its a deal. I created a PDF of the deal points to summarize it. An IRR ...
Steven Barros
BUYING REAL ESTATE W/ BIZ ON 30 YEARS TERMS? GOOD IDEA OR BAD?
Hello BP,I have an opportunity to buy an established beer and wine market w/ existing business. Offer is 400K for both. The business claims it nets 120K, the owners are not currently paying themselves rent. The buildi...
Tom C
Latest Deal
Here is may latest deal and I am jazzed! As of last night, I have an accepted offer of $17,500. It is a duplex 3/1 both units, his asking price was $23,000. Currently rents for $400 per unit.
The current owner paid ...
Andy LaVoy
How to Rase Rent on a Good Commercial Tenant?
I had an eviction 2 in a commercial space ($900/mo) followed by about 6 months of vacancy. That really hurt, and I was desperate to get a new tenant in, so I rented to them on a 1 year deal for $600/mo while they trie...
Adam Byrne
MultiMember LLC, taxed as Partnership question
Hi BP!I am a partner in a multi-member LLC, taxed as a partnership. Since I'm actively managing, I pay myself a management fee and 1099 myself at the end of the year. I like to show the income to season my tax returns...
Alice He
Process for Tenants in Common
Hi!I'm planning to purchase real estate with my boyfriend as tenants in common, since purchasing through an LLC is complicated with his visa status.Does anyone know what the process is to become tenants in common? For...
Tom Tao
Onsite manager - Employee of Property Management Company or Owner's LLC?
I recently ran into this question with my remote multi-family property so want to see whether people have any thoughts or what should be normal practice.I hired a local 3rd party property management company to help me...
Mark Vieira
Getting my own workmans comp policy
Lately, I have been a little shocked at some of the pricing I ave been getting from licensed and insured contractors to do work. I have access to people in the trades that I could just have come and do work for me, bu...
Nick Ponte
Head is spinning - S-Corp for taxes? or Just keep doing 1099 for myself?
Last few years have been making $250k as a Realtor. I fired my last accountant as he made some errors as well as gave poor advice. I hired a new CPA and he told me to create an LLC as my name, open business checking a...