Paul Lichtenauer
Buy and Hold Partnership question.
I'm trying to figure out how to structure this partnership. I found a great SFR buy and hold deal. My buddy is going to take out the loan in his name. I will manage the property. Do we set up a property specific LLC a...
Whitney Tyson
Military Family moving to Staten Island
Hello everyone,My family is moving back to the east coast after living in the Bay Area for the past 4 years. My wife is active duty in the Coast Guard and will be stationed in Staten Island. I work for a large nationa...
Silvia Falip
Non-metered properties with high water bills
Hi everyone,
We received an outrageously high water bill and I wanted to ask for advice or guidance.
We live in a non-metered single family house.
We called the Chicago Water Department, and they informed us...
Sunny P.
With rentals, what are you doing at checkout
My tenant is moving out on Friday and I wanted to know what is your checkout process? I am planning on getting the carpets steamed but I would like to know about the cleaning.Should I get the place back cleaned like t...
Richard Lincoln
FSBO no buyer's agents
I sell houses, maybe about 1 or 2 per year. I really hate buyer's agent commissions. It's so much money, especially on more valuable properties. I can avoid the seller's agent fee by doing FSBO, but I want to start se...
Nav Singh
My first rental property deal - in Huntsville, AL
Hi everyone,I had posted Qs for advice 8-9 months ago, like this one: https://www.biggerpockets.com/forums/12/topics/204.... Thanks to everyone at BP for helping with advice. There's a lot of advice about investing wi...
Ronald H.
Seller wants $10K deposit. Why so high, I wonder
Have a seller, who will accept my offer. My offer is at his price, which like most seller's is going to end up too high. The ARV being used by the seller is going to be high.He asked for EMD. I said will $500.00 be en...
Daniel Hart
I lent money, foreclosed on property, am reselling, what is my gain?
I lent $30,000 from my LLC on a property. I then later lent $15000 in 2nd position from my IRA on the same property. I had to foreclose, and choose to foreclose with the LLC. The 30k plus back payments added up to ...
Greg Spring
BRRRR question on refinance
Hi I am rookie, done only 1 flip, looking to purchase 1st rental. Met with a Commercial Lender at the bank where my business accounts are, a small local bank in Nashville, TN. The best terms he could offer was 20% dow...
David Albertson
Need an idea.
Here's the deal. I have a SFR that I purchased about a year ago with the intention of rehabbing and reselling. We made the typical newbie mistakes and put way too much money in to it. It sat on the market for several ...