Maryann L.
How does personal credit affect LLC?
I have a partner who has all the resources, but poor personal credit. I have very good credit. We want to form an LLC, but if we try to get a loan, will his credit affect our chances of potentially getting a loan?
Kevin Coleman
How to do a lease purchase
Hey BP, can someone walk me through how a lease purchase works? Everything on google is written as if i am the renter and trying to purchase the property. I am an investor and want to purchase a property. My main ques...
Chris Orcutt
Estimating Expenses of Buy-and-Hold in Inflated Market
Hey folks,I am hoping the community can provide some insight on the best (most accurate) way of estimating expenses (excluding mortgage payments) on rental property. I am aware of two methods for estimating expenses: ...
Kristin Horowitz
How much in reserve for house purchase after closing costs and restoration?
I was thinking . . . I'm planning on saving all my extra income to put a down payment on a rental property in the near future. (And I have never been a homeowner.) I realize that it will likely need repairs and imp...
Lewis Hunter
Fair Market Value for Mortgage Note
Coming up on the first full year of owning a note in my SDIRA and I received a notice stating that Each year, the Internal Revenue Service requires Fair Market Values be provided for assets in your Camaplan Self-Direc...
Steve R.
Austin forbearance in July 2021
Austin, Texas, ranks No. 1 for having the most people in financial distress. 75% homeowners in austin (https://wallethub.com/edu/cities-financial-distress/79863). does that mean in march-july 2021 Austin will face th...
David Adler
Keep my place - Good Strategy?
Hi BP!I have an idea in my head and I need some insight from experts.I bought my apartment in 2008 and now my family has grown and we have to move. I always had the idea to hopefully be able to keep this one whenever ...
Dylan B.
Using private money to purchase rentals
So I have started listening to the podcasts on BP and I hear them discussing using private money along with bank loans to purchase the properties. I operate my rentals and some flips under an LLC and am able to acquir...
Peter Mason
Paying for a mentor with percentage of ROI?
I wanted to get into Multifamily investing, more specifically apartment buildings. I have lots of experience in SFH rentals but recently sold a bunch so that I can start in the Apartment Building Arena. I have educate...
Markeen Baker
Property Management
I was reading the "Questions To Ask A PM" and I was confused on two questions: 7. What percentage of the billed rent is collected by the 10th, 20th and last day of each month?8. What percentage of the billed rent is...