Brad Pierce
I need some direction on Setting up an LLC
I recently purchased my 1st duplex in Valdosta, Ga. I currently live 30 minutes away in Florida. Do I need to set up my LLC in Fl or in Ga? I plan to grow & buy my next duplex in the 4th quarter of 2018 & pla...
Bruce McKenty
Upstate New York Market Viability
I am not sure if this topic has been discussed specifically or not but this piqued my interest in the topic and I couldn't find anything addressing it specifically. (Please excuse me if it has already been addressed a...
Saad Handoo
Out of state
Hi there folks-I'm looking to make my proverbial first investment and from listening to the podcast and reading some of the seasoned investor posts, it looks like multi family is the way I want to go. The only problem...
Marty Rogachefsky
What Are Your Views on Appliance Protection Plans
Hey everyone!We had to buy a new fridge for our rental property, which cost about $1000. I'm wondering if we should get the Lowe's 3-year protection plan with it. It costs $150 and they deal with maintenance issue. Do...
Joshua Dorkin
$1 BiggerPockets PRO Sale - July 15-18 Only! Your First Month PRO for only $1
For the next 4 days, we will be conducting a sale on our BiggerPockets PRO Accounts!
To sign up for the trial, simply LIKE the BiggerPockets Facebook Fan page and then click on our FB Fans Only tab.
Once you click t...
Juan Arroyo
Need help --- big time!!!
I made the mistake of buying a house with a friend (50-50 deal) without doing an LLC or any type of contract. He was a really close friend. Let's say somebody who both my parents consider to be their adopted son. He l...
Ashley Wolfe
When someone inquires about staying an entire month...
What questions do you ask? Do you entertain such requests? Do you have a formula for longer stays to give a discount? Do you consider doing off-platform transactions when you receive an inquiry from outside Airbnb/...
Eric Johnson
Discount On Listing Fees
I flip 4-5 houses a year and have done so for a few years. Is it reasonable to ask the listing (selling) agent for a discount on the standard 3% fee that goes to the selling agent? I know I can't control the buying ...
Account Closed
Triplex For Sale - Realtor is Owner - Need Advice
I found a Triplex for sale for $219,000.It consists of:Main House 3/2 (Could rent for $1,100)Apt 1 - 1/1 Occupied $500/moApt 2 - 1/1 Occupied $500/moTaxes - $2,200Insurance - $1,300? (Guesstimate)Vacancy - 7%Repairs -...
Joshua Andrews
Method of ROI calculation for notes
I've seen several types of calculations used to determine return on a note. One is the cash on cash method, and the other most frequently used is the IRR.
I am familiar with how to calculate both on typical r...