Keith Richardson
Should I open an LLC for each property?
Hey all,I recently closed on a 3 unit property which I am going to house hack which brings my portfolio to a total of 5 doors (including the one im living in) and am curious if it would be wise to have an LLC for each...
Logan Zanki
50% and 2% rule.... And my Multi family purchase with Carriagehouse.
Hello everyone my name is Logan, I'm new to biggerpockets.com and i'm located in central New Jersey, my goal is to get out of the rate race by purchasing multifamily properties. Little background about me, I have ...
Davon Lowery
I AIN'T PAY'N!! Ahhh the joys of landlording
I had the property manager send a friendly reminder, reminding tenants that rent is due on the 1st. Tenant 1, paid no problemo. Now on the other hand the other tenant states, "I get a three day grace period by law!!!"...
James Kim
2% cap on seller credit for qualifying loans
Hello,thank you in advance for your responses. My question is whether the 2% cap on seller credit applies to credits (rate buy down cost, closing costs etc) only applies when the credit is coming from the seller?Does ...
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
Purchased a property that was listed by sellers agent on Zillow realtor.com etc as triplex with rents listed etc. my realtor verified the rents, as it has been rented as a triplex for 25+ years, worked with both my re...
John Miller
HUD has Kept My $5,000 EMD
In March of 2012 I attempted to buy a HUD foreclosure house. The house was misrepresented as a 2 bath home and had extensive damage not shown on HUD’s inspection or appraisal. After I had my inspection completed I can...
Eric Martin
Newbie looking into Turnkeys
Hello, BP. I have been a member for a little over a month. Other than owning my own home I am new to real estate investing. I have been reading blogs, forums and ebooks since in joined. I have learned a few things but...
Nigel Dixon
What should i do??? Your input will be appreciated!! :)
Hello Bp world....I currently own 8 properties free and clear in Orlando Fl. One of the properties i own is a very nice town home that i bought bank owned for 70k ( I also own this free and clear). Me and my wife ha...
Jimmy S.
tenant did not include late fees
How do you handle late fees if tenant has paid the rent late but did not include the late fees. Do you send them a letter, call them or how do you handle it?Rent is due the 1st and 2 day grace, 3rd day $40 late fee st...
Edmund Amoye
Chattanooga, TN Multifamily Market
Hi,I’m new to BP and REI; and very happy to have found a supportive community. Here is my situation, broken out into three parts: Where I’m going; Where I am; and What I have done so far. I need help from experienced ...