June F.
Advice needed from anyone who uses series llc
After talking to a lawyer, we are pretty sure we want to set up a Texas "series" llc to hold the rental properties and another LLC to manage the rental properties that we have but there are some issues that boggle my ...
Shawn Connors
Results of First Direct Mail Campaign
Hey BP,So a week after I sent out my first campaign these are the results...370 pieces mailed to high equity, absentee, out-of-state owners15 call backsTalked to people that were in all kinds of different situations. ...
Russell Shannon
So I'm completely new. I lost my job and while back.
So....I lost my job and while back. I know nothing about real estate, but I'm desperately wishing to learn the ins and outs. Due to my job loss, my credit has suffered. I am currently back working and I did have to fi...
Scott V.
Remote management of vacation rental - tips?
So my plan is to remotely manage a few vacation rentals I currently own. Trying to set them up to be as "hands off" as possible. I have local resources to help out if needed, but trying to minimize calling on them. I'...
Greg W.
Building and balloon payment due
Hi,A few years ago I purchased a 7 unit building with seller carrying the mortgage with 2% interest for 3 years that ends with a balloon The price was $310,000 and I put down $30,000. I made a mistake of not getting a...
Sarah Camic
Monthly Expense Figures- Maine
Good morning,I am looking for some input from landlords in the central Maine area. In an effort to practice property analysis I need some monthly expense figures. How may units do you have? About how much are you pay...
Jenna Stonecipher
How to keep pipes from freezing
Hello, BP'ers.
I bought a 4plex last week, and only one unit is occupied. I'm rather new to REI and I'm seriously worried about pipes freezing. I can't shut the water off because of the family living there. T...
Sean Dezoysa
Common reasons for ownership in a trust?
I notice a decent amount of homes in my area have a trust listed on the title as the owner. This was surprising to me. What are the most common reasons average, non-investor folks would have their home owned by a trus...
Jeff J.
getting rid of the smoke smell?
I have an apartment that was completely painted and a new carpet put in a year ago. The tenant is moving out and was a HEAVY smoker. I will be washing the carpet but can I get the smell out of the apartment wit...
Neil Hauger
Cash or finance? That is the question
Ok, really opening a can of worms here but I am interested in some diverse opinions. Basic question: Should I pay cash for properties or get them financed and leverage myself.
Background. I plan to retire ...