Peter Ricca
Tenant dishonest about pets - what would you do?
Hi BP community,I purchased a SFH in a Columbus, OH suburb. Got 2 tenants to rent the house for slightly above market.Their credit is awful, but their income is solid so I went with it. I allowed one dog in the lease ...
Michael Abernathy
Sell rental with positive cash flow to invest in more properties
Hello everyone,A quick down and dirty about myself. I live in Jacksonville, FL., work in IT and am currently finishing up my MBA. I have a rental property in Virginia Beach, VA that I bought over ten years ago. For...
Reda Eldehiry
What's the simplest way to structure private equity deals legally
I have multiple friends/people in my network interested to be private equity investors/partners in my flipping deals in WA. The agreement is that I will be receiving 20% of profit for managing a deal from purchase to ...
Phil M.
LLC formation in NYS
So my partners and I have decided to start the formation of an LLC so that we have a business entity to protect our assets.
I understand that the Articles of Formation are a few hundred dollars, b...
Mark Marinaccio
Seller wants to remove my escape clause
I have a seller that wants me to remove the language from the purchase offer that would allow me to back out of the deal but I'm hesitant to do it for obvious reasons.Anyone have any creative ways to help protect myse...
Kyle Howard
What are the benefits in buying inner city distressed properties?
I’m currently in the Baltimore market and looking for some of the benefits to buying in the hood. There’s a large inventory of properties and higher cap rates plus we’ve seen what happened in philly and I definitely d...
Michael Lebeau
Forming an LLC in CT - Worth it?
Hello all! I have been back and forth on the idea of setting up an LLC for 2 rental properties (each 3 units) I currently own. I live in one of the units with my family. I've been doing some research on pros and cons ...
John Trout
Advantages / Disadvantages of holding a property in an LLC
I was once told an interesting "trick" by a seasoned RE Investor. He said if you could find an investment property (say a SFH rental property) that was owned by an LLC, that you could save lots of money on the purchas...
Glenn McCrorey
City bans conversions to rental properties
I haven't hear of this before but the city of Cedar Falls Iowa is implementing a six month ban on home owners turning their house into a rental property. The ban can be extended for up to a year. Interesting, seems ...
Joseph Sanchez
How Can I Find Good BRRRR Deals....Frustrated!
I have been on a quest to find good BRRRR deals in my area. It seems that everything I look at and run through the BRRRR calculator is overpriced. Is anyone having the same issues? If so, I like to know how you are fi...