Hi,I have been taking payment from tenants via venmo to my personal account. Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties. My legal advisor is a...
Hello All!My name is Mike Chevalier, I'm a "new" [aspiring] investor in Rochester, NY. I've been reading BP blogs, forums, and listening to the podcast for the past couple years - learning, planning, and saving to be ...
Hello Everyone!I have been looking over some deals in Winston-Salem, NC. Was wondering if anyone has any insight on this market. How is it growth wise? Is it more C, B or A location? What is the average price per unit...
Im an over the road truck driver, and my company offers a "per diem" pay package. In this pay plan, a significant amount of my pay is paid as non taxed income. In the images below, ive included the documents they prov...
I'm only a few months into the BP and RE Investing world, but I'm getting the hang of it pretty quickly thanks to all the advice from members on here, podcasts, books, etc. I have my location I want to invest in deter...
We inherited my Mother in Law's house after she passed away. I want to add it to our rental portfolio. The balance on the mortgage is a little less than $40K and the value is around $175K. I want to refinance the prop...
Hi, all! Hoping to get some input from people who are wiser than I am! I currently own one investment property, which was just a home where I used to live that turned into a furnished rental when I got married and mov...
Had a few thoughts about using equity to reinvest.
1) Is it a good idea to reinvest equity from one property to purchase another? Generally I see this as getting your money (equity) to work harder.
2) Is there a ...
Hey guys, this is my first post here and might be a total newbie question. I'm looking to buy a commercial property from a family member. Its been owned for years and used as a plumbing business, it was never rented s...
Hey all, I'm looking to refinance my property in Brooklyn - it's been 10 years since I bought it so my interest rate is astronomical compared to today's options. I have renters in there now and when I bought it I live...