Anthony Freeman
Experienced General Partners or LLC managers
Have you ever purchased more property under the same LLC with an existing operating agreement? How did the amendment process go? Did you keep the same agreement?Is it better to start a new LLC with the same members wi...
Steve DellaPelle
When should I let tenant know that I am not offering a renewal...
Hello BP,My tenants lease is expiring on November 1, 2018. I do not want to sign a new lease with them but rather go on a month-to-month agreement since I will eventually be ending my tenancy with them early 2019 (Mar...
Jaime Penix
Now that the end of Homepath is near, are they removing their listings from the market?
I have had my eye on a few Homepath properties, waiting to perform a precise strike of them. However within two days, a significant number of them have been drawn from the market. I have been following Homepath for ov...
Jarrett Atkinson
Tenant Screening Basic Question
Hello Everyone,I have officially purchased my first investment property, a duplex in southeast Michigan. I have one unit occupied and the search for the second unit tenant has started a little rocky. Its been over 2 w...
Joe S.
Keys to Negotiating a HUD house?
Does anyone have any insight on negotiating on a Hud house? Is there a percentage that you can go below the asking price or do you simply take the price or leave it?
Dawn Young
lease option that turns into an owner contract
Hi, we have mobile homes. We like lease option. We have found a 1976 single wide 2/2 that would cash flow well, and have money at the back end, but will probably not qualify for any loan programs anywhere. We can ...
Jessica Seppo
Tax Question for Primary Residence
Hello!My question is if you sell your primary residence before the 2 year mark, can you still have your adjusted basis to avoid paying any taxes since it would be a breakeven or loss including the improvements made. I...
Joseph Hoot
advice for first time purchasing/closing with LLC
Hi all,We're within a week from closing on our first property in Georgia. We'd like to have it owned by an LLC that we created (FYI, I have listened to the podcasts about not worrying about entities until you get goi...
Sharad M.
Accounting for multiple LLCs?
Hello all,
I wanted to see how you guys are dealing with accounting issues of owning multiple LLCs? Do you have a separate bank account for each LLC you own? Or you have a main bank account for the primary LLC and us...
Account Closed
How do you properly depreciate a BRRRR'd property?
Good Morning Everyone!I purchased a SFH for $50k cash on Nov 15th. I am investing up to $30k in rehab into the property. I expect it to appraise for $127,450 in 6 months when I plan on cash-out refinancing it 75% LTV....