John Leeds
Buying my first rental property at age 21
Hi, my name is John and I'm a local from Flagstaff, Arizona! It's always been my goal to be financially stable and over the last year I've gotten really serious about investing in real estate. My plan is to invest in ...
Account Closed
Creating a corporation and BLOC
I am about to close on my first rental property. I am planning to create an S corp from the advice of a CPA. My question is, I've been searching for 5 tradelines for my new corp to get Paydex credit. However, I think ...
Paul Smith
Buy garage in San Francisco to convert to commercial?
Hi all, Long time BP reader and first time poster. To give you a little background, I'm in my older 20s and bought my first SFR in San Francisco a few years ago. My expenses have lowered as I've built up some "passive...
Rob Barry
Closing First Property: How Best to Finance the BRRRR Snowball?
So I'm closing this week on my first SFH and, as you might imagine, quite eager. It was a foreclosure and I paid cash. Purchased it through an LLC, as an out-of-state investor. My team on the ground should have it reh...
Michael Baradell
Mobile Home Park - Property Management
Hey BP!I am purchasing a park that has management already in place. This management team has been in place for 9 months under the previous owner and has done a good job cleaning up the park. Currently, the PM fee is a...
Chris Mason
Financing scenario/question template!
Financing scenario/question templateA lot of the posts in this forum amount to "how can I finance this?" with scant details that would allow for accurate answers. Please copy/paste this template when making a new thre...
Diane Kim
House-hacking in Northern California as a Resident Physician?
Hi everyone!
I am in a unique situation than most in that I am still uncertain of where I will be moving but a good possibility it may be somewhere in the Bay Area because I am still waiting to see where I match for...
Kathleen Hendricks
On-Site Manager Agreement and Compensation
Curious about how others structure an on-site manager's employment agreement (e.g. housing allowance, hourly or salary, tasks required,etc). This is for California specifically. Would also love a referral for an atto...
Bob Ross
When will a bank let you leverage past what your salary covers?
I’ve heard of hair dressers with hundreds of units in their portfolio. Obviously their business income will not cover The cost of all these mortgages.When will banks start approving you for more than what your job sal...
Ron Rutherford
total newb from southern Ct.
Hey all, just wanted to take a minute to introduce myself. My name is Ron and I recently decided to venture into the world of REI. This is a partnership deal with 3 of my friends, one of which is a contractor/handyman...