Dave Row
*Must* Land Trust be in same State as property?
Hi, everyone. Question around Land Trusts and in-state Operating LLCs. When an in-state LLC is the beneficiary of a Land Trust, you have a legal entity that is recognized by the State (ie. the LLC) that can take act...
Derek Scott
BRRRR Refinancing help!
My wife and I were both working remotely during Covid and bought our 1st home in a town with lower cost of living. We bought as our primary residence (Conventional; 5% down). Work called us back in, and we are now ren...
Janine Sharma
Property Management Software for MHP
Hi,I am a new investor setting up my first MHP deal. I am wondering if anyone has recommendations for property management software for this asset class? The seller is staying on as my PM and currently does everythin...
Tyler Masar
Typical Expenses for apartment or multi-families
Hi everyone!I just got started with BP and am trying to practice analyzing deals when I find listings. I know these expenses definitely vary depending on specific situations, housing types, location etc, but would any...
Amber Forkey
Carriers for Insurance: New Property Management Company
Looking for recommendations on insurance carriers for both the property management side and the real estate sales side as well. It is my understanding that there's different insurance a brokerage needs whether it's co...
Charlie McClskie
Appraisals
When buying rental property with a bank loan what's the typical out of pocket cost for the appraisal?
Account Closed
Is this a good investment deal?
Hello BP
Heres what Im looking to move on quickly just trying to determine my offer.
Asking 249k 5 unit multi family unit
(3) 2 bedroom 1 bath rents for $700 each ($2,100)
maximum rent if re...
Bryan C.
Real Estate Flipping structure with Investors
What tax form should I issue an investor if they provide the cash for the deal and earn a portion of the profits?This could be a 1 and done or could be a long term structure...how would you structure the partnership o...
Zac P.
Do I need insurance???
I have an LLC with a partner and we are going to be doing flips. All of these properties will have insurance, all contractors will carry their own insurance and we have E and O insurance being Realtors. However, do ow...
Llewelyn A.
Broker's Course - Is the Answer to this Exam Question correct?!
I am taking the New York Broker's 45 Hour Course online. Some of the questions doesn't seem right to me.I took a snapshot of the question I had a problem with:Is it right to say that in the Total Expenses, Mortgage Pr...