Chase Cline
Rentals Taxed on Net Income Which Doesn't Include Mortgage?
Hi Everyone - I have 3 STRs and have gotten very serious with looking at the full financial picture on them now that we have a CPA. We just bought the last two in the last 6 months, but have had our first for almost 5...
Kyle Neff
LLC - Must have or nice to have?
Hello BP Community! I am considering investing in both residential multifamily properties as well as some 5-15 unit complexes. Do I need an LLC when moving forward with a commercial property in that unit range, or is ...
David Zheng
Accidental $291k cashout refinance... Biggest BRRRR Deal yet!
Hi BP!Just wanted to share one of the most exciting things that "accidentally" happened to me. Back in Sept, 2016 I was just 9 months into real estate investing and I was browsing Zillow for fun as I usually do. Manag...
Jordan Lucas
Is a 100 million RE portfolio a reasonable goal?
Hello everyone, I’m currently a junior in high school. I would like an asset amount of 100 million(not necessarily net worth) around my 50s-60s. I plan on starting to invest in RE ASAP! Most likely around 20-21 if not...
Patrick Bavaro
Day 4 as a Landlord, and need to get rid of my tenant
Hello BP! As some of you may know, I recently became a landlord over the weekend through my first house-hack. I'm attributing this issue to being new to the game, and not executing my application/screening process as ...
Max T.
Am I the mean landlord?
First situation: Apartment was advertised at $1400 for a 2 bed/1 bath house. Prospective tenants had 2 pets and we agreed to increase rent to $1430 (15/pet). Lease was written up with the 2 pets allowed and the rent s...
Carlos Enriquez
Seller lied about rent collected
Outlined for brevity.Recently bought a duplex. My first multi family investment transaction.Realtor used Form 21 Residential Real Estate Purchase and Sale Agreement.No clauses for requesting the pertinent financials ...
Sharad M.
Location, Location, Location vs. Numbers, Numbers, Numbers!!!!!
What would you choose - a 20% cash on cash return in a decent neighborhood or 35% cash on cash return in not the best neighborhood? Everything else being equal.
If you could also explain why you would choose one over...
Michael Bell
Las Vegas????
Is Las Vegas a good location to purchase buy and hold properties?
Curtis H.
A Potential Deal but...Property Manager
Hello BP,
So there is a home that I looked at today that is available for lease. It was shown to me by a property manager. It looked like a classic case of someone who accidentally turned into a landlord....