Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...

I realize I sound very defeated and that is because I am. I have been investing for seven years and I think I am done. I do complete background checks of criminal, credit, references, income, everything like I shoul...

Hi BP!  My husband and I live in the SF Bay Area where home prices have risen substantially in past years.  We want to leverage some of our home equity and use that equity as down payment for our 2nd rental prop.  We'...

I've owned (2) rental townhomes for 8 years - I've used a property manager and I've never once had any problems.   However - - now, this won't just be a 'side' investment, I am out of my lifelong business career - - a...

It seems these tenants feel a sense of entitlement for not paying the rent. They think life problems they have created with their own choices should be solved by a landlord's pocket book.Economics and running a busine...

I am not a fan of the 2% rule, although I will say I think rent/cost is my favorite calculation. We usually determine what type of rent/cost we can accept in any given area and go from there. According to Gary Keller,...

You have to take this post with a grain of salt but I have a lot of people that ask me where I buy and where I don't buy.
For the most part, I invest in Red states, meaning states that tend to vote for Republican can...

So, a little bit of background...my husband and I have owned rental properties and have completed a couple of flips in the past, but we had a big move a few years ago (and had a couple of kids), and are just now getti...

Hi all,

it is rare that I actually create a topic although I like to post on other issues. I had a few thoughts come in to mind as I just came across a vacant property. The property is located in a nice neighborhood,...

I'm interested in utilizing the BRRRR strategy in these markets.  What are the downsides, and are they enough that they should dissuade me from trying?  "PS, one last example. There is a profound difference between K...