Jay Lancaster
What are considered to be fair percentages to be paid on private money?
I'm working with a partner in an effort to acquire 8 properties to buy, fix and hold. When the same private lender is providing the funds for property acquisition and the estimated 3 to 4 months rehab costs what are t...
John Moon
1 master thermostat that controls 3 units
I'm looking into a Triplex but I found something weird about the house. The house is heated with gas, and they have radiators throughout the units. However, there is only 1 thermostat (control panel) for the whole bui...
Justin Wilson
POS Code Violation for 3rd Floor Unit
Hi all,I'm looking at a 3-unit is Shaker Heights and the realtor sent over the Point of Sale Compliance Inspection Report. One of the violations stated the 3rd floor may not be used as a separate unit. However, the ...
Uday Kumar
Can Lease option price be same as appraisal instead of fixed?
I have a buyer thats willing to buy my fixer upper house as lease option. He wants to fix only the essentials to qualify for a bank loan. He is asking if we could put the sale price as what ever it will appraise for w...
Dustin Barr
Bookkeeping on multiple propertys in quickbooks
I have 2 rental properties. When using quickbooks do you normally set up separate accounts for each rental property, or use one file and have accounts for each (Such as insurance, the sub-accounts for each property?Th...
Rex King
$30,000 MISTAKE
I am going to post some random posts on hear of my current successes or failures. Today is about failure and what went wrong.I have a quote on my visualization/goal board sitting next to me. It states "Risk and Failur...
Charles Cooper
County sees lot as 2 APNs but City has it as 1 APN
Hello fellow BP members. Had a question regarding county vs city views on a APN(s). These properties are located in Los Angeles Country and within Los Angeles City Have a owner that wants to sell his 2 houses since ne...
Morgan Morris
Financing options in the middle of divorce
First, I appreciate whatever input I can get, I've found about a dozen great ways to finance that I won't be able to use so far, but I know there's a way to make this happen!As stated in the title, I'm going through a...
Jonathan B.
S-Corp for rentals and flipping
For the tax savvyI currently hold rentals in an LLCThe same LLC is the owner of another entity which engages in flipping.basically all flipping income flows through K1 to my main entity (which owns rentals) and the to...
Account Closed
Corporate Structure Strategy - Thoughts?
Hi all,I've mainly focused on fix and flips over the last couple of years but am currently moving into more of a hold and rent strategy. I'm looking to discuss corporate structures with a local attorney but have been ...