Bill Mitchell
How fast can you setup an LLC?
I have been wholesaling up until now using my name on the purchase and sale contracts. But I have been closing them regularly enough that I think its time to consider setting up an LLC.
Typically how long doe...
Ashley Lochli
Feedback on reaching out to lenders for BRRRR method rentals
Hey there!, We are trying out the BRRRR process and are having a hard time to get lenders to work with us. Following is a draft of an email I would like to use to reach out to a few others – perhaps I could get some f...
Rami Shahmram
Owner financing fort lauderdale
Hello BP,I am a fairly new investor in Fort lauderdale, FL area. Recently I purchased a house from the bank, rehabbed it and now I am ready to sell it. I have few potential prospects that asked me if I am willing to f...
Dane C Allen
Garage sitting on freestanding block with no mortar. How to fix?
I have a duplex with a detached garage that has a slab (not in the greatest shape, several cracks), but the structure itself sits on concrete block surrounding the perimeter of the slab. The block is dug down and I t...
Brooke Gibson
How does depreciation work for older houses?
Hi, I'm looking for an answer to this or links to resources since I've had a challenging time finding any. I hear that depreciation lasts for about 27 years and the amount deducted from tax can make the net income, fr...
Daniel Hanson
1031 Exchange for a 2-family into a Gas Station?
Hi all,First post here. I am planning to sell a residential duplex this year that has built up some equity, and am also in the early stages of purchasing a gas station. Is it possible to 1031 exchange the duplex int...
David G Vreeland
Owner Financed With Existing Owners Mortgage
Question: Is it possible to structure this deal where the current owner is able to keep the existing mortgage, while paying them off over time?Also referrals to someone that could structure this deal are appreciated,...
Kenneth LaVoie
Too much equity being a lure for a lawsuit
I often hear that it's important to keep your properties heavily mortgaged to keep the equity down, so that you don't look "juicy" for a lawsuit. (assuming there's a reason for being sued in the first place) I cannot...
Mike Curley
Partnership with per unit investors
Hi BP, My partner and I are working through what structure we should set up and I'd be very grateful for suggestions and advice from anyone who has set up a similar plan. We will be buying, rehabbing and holding 2-4 u...
Gary Parker
Listing vs. Wholesaling
In reading various threads in other categories I have read about people that are controlling or buying properties and then listing them on the MLS rather than "wholesaling" the property to a rehabber or some sort of b...