Elliott D.
Large insurance claims and your lenders involvement in your case
I need help understanding this idea that your lender will help you collect on insurance claims if you have a high outstanding loan balance.In this scenario, if you have a high loan balance on a property, and your prop...
Jonathan Jaffe
Renting from yourself
Dear BP Family:I'm thinking of trying a 'House Hack' using my own future primary residence. I have a foreclosure option that can be purchased cash and then potentially refinanced into an LLC. Has anyone ever thought...
Alexander Straffin
Buying a family member out of a shared property inheritance
Hello all,My brother and I inherited some land in Vermont from our late grandmother. We have come to a verbal agreement as to how I am going to buy him out of his share.The deal is that I will pay a sum of money on a ...
Mark W. Ellingson II
Condo Insurance Advice
Hello, I am very new here, thinking about going pro at some point but I'm still in the middle of diving through a lot of the content. I have one rental property currently, but it's just being rented to my son at a br...
Andres Andrade
HOA Short-Term Rentals
Hello all, My wife and I closed on our first property March 2021. We live in the property, but we want to list 2 of our rooms on Airbnb. We have been renovating the extra rooms and getting them ready to list. However,...
Christopher Cordero
Need practical advice on Second Home vs Investment Property Loan
I am working towards my first rental property and found a property that I may be sending an offer on. I currently own no properties, and I live and work out of NJ. I'm looking to buy in FL.I've talked to a handful (...
Padric Lynch
Do you have to have an LLC to use hard money?
Just spoke to a hard money lender. Among the documents he needs to vet my eligibility, he needs to see that I have a LLC because they will not lend to me personally. Is this typical?
Don Konipol
Five Unique Ways I’ve Seen People Make Money In Real Estate
Five Unique Ways I’ve Seen People Make Money In Real Estate
1. Water Utility - 44 years ago when I was a relatively new real estate broker, a gentleman contacted me to see if we could help sell a small water utility ...
Lloyd Segal
Economic Update (June 22, 2020)
Economic Update
(Monday, June 22, 2020)
The recession that started in March was the sharpest downturn since the Great Depression. As it turns out, it may also be the shortest. This doesn't mean our economy is ...
Janea L.
When is the best time to set up an LLC?
I spoke with an attorney about setting up an LLC. I was told that I needed to get a property first before setting up an LLC and that it depends on my investment strategy. However, I have heard the exact opposite as I ...