Christine Stone
To LLC or Not to LLC
Hello BP Friends! I'm ready to look at starting an LLC for my properties, but I've heard mixed advice about their necessity and benefits. I would be starting the LLC as a disregarded entity and reporting my profit/los...
Maarifa Arnett
Bad neighborhood, Bad house, should I?
Another dilapidated property that my family owns in Memphis that they have stopped paying on. The back tax is around 5k. The house looks like this My family said if I pay back tax the house is mine. I would do most of...
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...
Edwin De leon
Interview Questions to Ask Re Agents as Investor
You as an investor ...What interview questions would u ask a real estate agent to determine if you want to work with them and make part of your team, you want someone that will not be telling you here is nice counter...
Nick Ferguson
How to put money into LLC without "co-mingling"
Hello All, I have a newly formed LLC that I'm going to use to manage my one current rental property and all future rentals that I hope to begin acquiring in 2017. I just formed the LLC and opened up banking accounts ...
Wealthan Pan
Cash deal "as is" Seller doesn't want me to get an inspection.
First time buyer here so this may seem silly. I'm trying to make a cash deal on a 200k 3 unit commercial zoned property. It is currently renting for 2.1k. I know for sure that the roof needs repair and the cellar need...
Glen Friedman
Fund That Flip (FTF) - 87% LOSS - be careful
Folks,
Just wanted to give everybody a heads up on what can happen with online crowdfunding real estate sites.I have invested with Fund That Flip (FTF) for the past 2 years. I invested in 11 of their projects, each ...
Barry Clay
Advice for a begging note investor, What am I Missing?
Relative beginner here, I put an offer on a 2nd lien for 14K non performing note in Florida. The home is in foreclosure and the judge just granted the note holder a default judgment . The back taxes are 2k as the firs...
Joseph Gambino
Got my first tenants and four days in...
So I have a cottage I was looking to lease and ended up putting two guys in it who are friends. Guy #1 moves in and shows his dad from out of town where he‘ll be living who is in town for Labor Day weekend and to clea...
Brian Gibbons
Dodd Frank News Oct 22, 2014 - CFPB Finalizes Qualified Mortgage Points & Fees Cure
On October 22, the CFPB finalized targeted amendments to the Dodd-Frank Act mortgage rules that took effect in January 2014. The amendments include: Points and fees cure. Under the Ability-to-Repay/Qualified Mortgag...