Tim Anderson
Having a Nightmare with a Contractor
OK. I hired a guy off of craigslist to do my HVAC work, since the other estimates from actual HVAC companies were absolutely ridiculous, lowest quote was $8,500. I had him sign a contract stating that he was licensed,...
Timothy W.
The Joke Thread
There needs to be a lightening up here...so I'll start it. Any political jokes will result in a beerboarding - and not with good beer, we're talking Pabst Blue Ribbon.
Got this one today from a realtor:
One Sunday,...
Greg Barrett
COVID-19 Impact on Commercial Real Estate
The CRE CarnageThis exogenous and unexpected shock to the economy has proven to be a devastating blow to some and a gut check to others. Seemingly strong businesses have buckled under the unprecedented economic condi...
Eli C.
When does forming a multimember LLC count as a security transaction
I am looking at forming a multi-member LLC with some other investors. I would be the managing partner. My concern is that this may be considered a securities transaction.
- There would be less then 35 members. Probab...
Matan Paret
Physician starting out in REI
Hi all,My name is Matan, I'm a physician currently in fellowship in CA (2 more years until I'm an attending making a decent salary). I recently became interested in REI after I found out one of my bosses at work has ...
Rob K.
Rental Applicants: All kinds of crazy!
I recently received a call from someone about a house I have for rent. The call was from another state. In the past, I didn't receive many out of state calls because people were leaving Michigan by the truckload and f...
Kindrell Hutchinson
Closing on a owner financing deal!!! (3 properties)
Hello,I am a new investor. I am currently 2 weeks away from potentially closing on 3 properties using owner financing (I am the buyer). The terms of the contract is all 3 properties listed for $278K, with 45K down, 30...
Tim Porsche
Cheapest Way to Set Up Self Directed IRA
Hi All,I currently have a little over $6,000 in a 401k from one company, and a Roth IRA from a second company. I no longer work for either company, and would like to move that money into a self-directed IRA and invest...
Peace Lily
Help! Burst pipe and tenant DEMAND reimbursement
Hi BP members, We had 2nd floor tenants went on vacation and they turned off their heat for one month, so this Monday the water pipe busted. The water gushed in into the hallway and basement. 30min later, another wat...
Ethan Lahav
How do you know if a property is better as a rental or a flip?
Hey everyoneI'm curios to know, when analyzing a property, how do you determine if it's better as a flip or as a rental.Thank you