Luke Carl
Self managing? Download TAKL and thank me later.
Once again my handyman who has no accountability said “maybe next week” and “it’ll be a month” so I tried to book a TAKL for a small job. I got a provider within seconds. They have expanded to my area and this is grea...
Todd Willhoite
Electing tax status for LLC planning to buy land and resell some
Some partners and I are purchasing a large parcel of land. We will probably sell off some large parcels to pay down the debt on the remaining property and then hold some of the land indefinitely. Trying to figure ou...
Elijah Williamson
How to run background and credit checks on potential tenants?
Hey guys, I'm now ready to start finding tenants for my first rental property. I just finished rereading Brandon Turners book on managing rental properties, this time with a highlighter and notepad, and I'm wondering ...
Amine E.
Self-manage or hire a Prop management??
Hello BP,I currently have 5 rentals in the OKC/ Edmond area and closing on 6th next month. I have an opportunity to move to Austin with my employer and need to make a decision on whether to continue self-managing my r...
Elizabeth Moore
LLC with an S Corp election
Hello, I hear that choosing an S Corp election on an LLC is the way to go to avoid extra taxes like self employment tax. I already have an LLC. Do I need a CPA to file this election for me?
Chuck Patel
Short term management
Hey some advice would be appreciated. Self manage a short term rental to property manager?About todo my first but possibly have 4 units I can convert to short term if the first works out.All my long term units are man...
Sunny Singh
Looking to buy Fourplex in Sacramento, CA
I am a new Investor and moving to Sacramento in 1 month and looking to purchase a 4plex/Fourplex.
-Plan to live in 1 unit of the 4 Plex and house hack (Buy and Hold). Until I purchase my primary residence.
-Loo...
Justin Lichtle
Refinance out of a FHA 203k Streamline with Equity from Rehab
I am in the process of looking for a MFH to buy and rent out with a small budget. I wouldn't mind doing a house hack, but my wife is a little more hesitant. Then today, I had an idea that I wanted feedback on. I would...
Patrick Britton
here's a way to think about property management fees
My "net" income for one of my rentals was $330 before PITI, PM fees ate $140 of that. NET was reduced by 43%. Consider that the next time you think someone else can manage better than you.
James Reyes
Why does anyone become a "guru" in the first place?
One thing that has always made me generally distrustful of gurus is the question of what motivates anyone to become a guru in the first place. If the methods and techniques taught are are so great, why waste time teac...