Hello all,I recently went to buy a short sale property that was advertised as a "Fully Approved Short Sale". The house is financed on an FHA mortgage, and is being sold as part of a bankruptcy. The seller's agent said...
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I've come across a property that meets major criteria, ie location and price. One potential bonus is that it's already occupied with tenants. I must admit that that information set the warm fuzzies ablaze as finding t...
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Hello Friends, I purchased a house in 2017 and lived there for 4 years as my homestead's primary residence. Following that we moved out and turned it into a short-term vacation rental around April 2021 and the last ye...
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Hey guys, I personally set up my partner and I's LLC online in about 30 minutes, without the use of a lawyer. However, I'm not sure how robust our operating agreement is. My question is, do you recommend using a lawye...
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When I title a property into a LLC should I elect to have it taxed as a S Corp or just have the LLC report on my personal taxes and why please.
Hey,For those of you who operate Airbnb's and other short term rentals or vacation rentals what advice do you wish you would have had earlier when you first got started?I think a few good ones are structuring your bus...
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Hey BP Nation, @Yonah Weiss When doing a coat segregation study, how do they establish land vs structure values in a high land cost area? On several podcasts I’ve heard that the land is anywhere between 15 - 20% of pu...
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I have a triplex in San Antonio, TX that is managed by a PM. There are still a few month left until the PM agreement ends, but I am pretty unhappy with their services and would like to get a new PM before that time. T...
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Hello, my property mgmt evicted a tenant (hadnt paid rent in 6 months) on an SFM in memphis. now PM is adding evicted tenants utilities bills of over $1000 to my ledger. I have no idea why property mgmt is paying for ...
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I am a newbie and recently invested into a condo in a 55+community. Told agent and mortgage company this is for investment from the beginning. We didn't have attorney review and moved on to closure. The night before c...