Megan Penman
Starting LLC partnership vs sole proprietorship
I have two rentals, one in Missouri and one in Nevada- I need to open an LLC - I hear NV has better protection laws on properties- should I open the LLC there and create a serious LLC? I plan to purchase more properti...
Joe Gee
Finished Fix and Flip, not sure how to calculate profit
I have a fix and flip completed and sold today but I am not sure how to calculate the actual profit. The cost of the house was 210k I borrowed 34k for the rehab. I would use my own money then the lender would fund it ...
Roger Rogers
LOC on owned properties
Hi,I'm a novice property investor. I do have a small portfolio of a dozen or so bare lots and I purchased a single-family rental property at the beginning of the year. These properties have not been leveraged. My cred...
Henry Lazerow
Client deal diary 2 unit Albany Park: $100k net by taking on an eviction
Sometimes you need to buy the deals with "scary" issues that deter other buyers in order to get a good deal! The property was a 2 unit in Albany Park with a duplex up 3/2 unit bought off the MLS for $330,000. The reas...
Jonathan Jacobsen
1031 exchange - Contributing property to multi member llc
What are the rules for contributing a property into an LLC after the transaction is complete? I have a rental property that I will be selling that is owned personally. I will be exchanging this for another property th...
Jonathan Tang
Wholesaling a Pre-Foreclosure?
Hey BP!Pre-Foreclosures are a niche in my market because there are so many of them. It's a perfect scenario for motivated sellers as they're already in a desperate situation most of the time...I know the process of wh...
Nicholas Norris
Depreciation on a Rental Property
Hey Guys!So i was using an excel spreadsheet to analyze a property that I may purchase this Fall. However, I noticed there was a cell labeled "depreciation" which always comes out as a loss. I tried to research what t...
Daria B.
road easement into occupied homes not owned by owner of easement
Subject describes it all.What is the value or purpose of someone holding onto a "road" that has occupied properties (in this case all 15 SFR).The road is owned by persons from an original owner since passed on. The ho...
Rick Baggenstoss
Tenant claiming water damage
After flooding rains in GA, an unfinished basement flooded. The tenant wants me to pay for her damages after basement flooding.
Insurance doesn't cover it. My lease states I'm not liable. Her claimed damages inc...
Gregory Stanley
CDC eviction "Order" not enforceable
The CDC’s order against evictions is toothless, has no Constitutional justification, is over-reaching by the Executive and the CDC, does not stop the filing of evictions, and has bureaucratic hurdles for any tenant wh...