Brandon Magierowski
Short on Rent Payment
Hi everyone, currently own a 3-plex unit in Shreveport, La -- I am self-managing the property (my first one). My tenant is late on a payment and currently owes $700 rent + late fees for a total of $775. Today is the f...
Justin Green
Creative Financing
Question for the BP forum? What do you do when you are tapped out of liquid cast to jump on a deal? This is for general knowledge and also evaluating my situation question. Say you have a seller that wants out complet...
Aaron Wilkins
Best way to become landlord without an LLC
I don't want to get stuck in the need to start X before I really get things moving. Curious to whom became a landlord without an LLC. I have a plan working with a friend who owns an insurance company to guide me on a ...
Tim Yang
Why is Vacancy considered a cost?
In the rental calculator here, you factor in vacancy as an additional cost in owning a rental. I have been just automatically putting in percentages just to do the calculations without a second thought but I just rea...
Kole Kingslien
Best way to pay yourself from an LLC for small contractor
Hi all, I am looking for advice on how to help my dad out with getting his business going. I have set up a Single member LLC for him, and am wondering if I should put him on payroll with his other employee(s), what wo...
Jamael Reed
Finding motivated sellers
Hi Everyone,OK I'll get straight to it.. I started out looking for motivated sellers by posting ads on Craigslist stating that "I buy houses".. I set up a Google Voice number to receive calls and catch voicemails. I'm...
Bill F.
Why is the mortgage still due during COVID-19?
The mortgage is still due. Why?
1 - Investors should have saved 'reserves' in place - so if they are already worried about rent payments coming in April, just a few weeks into this, they have decided not run their v...
Nathan Valmonte
Condo ceiling leaking from dog piss of upstairs neighbors
Hello folks,
This is my first post as a desperate condo owner. I have a condo with a leak in the ceiling where I used to live. I moved out with the intention of renting it. In the week that I have moved out and was p...
Brandon Ingegneri
I do not know how to break up my business into smaller entities.
My partner and I currently own what essentially amounts to a number of rental properties, a construction company, and a property management company all under 1 LLC. What we are looking to do is have several LLC's est...
Chris Ayers
1031 Questions - Buy Cheaper/Smaller Homes?
I'm looking to sell a home worth 385K (that I bought for 306K) and net about 100K on the sale. I started investing in cheaper markets where homes are 100K and under. If I do a 1031 Exchange, could I use the 100K to bu...