Nicholaos Koufoudakis
Separate Bank Accounts Per Property
HI all, I had a question about bank accounts and what is the best way to manage this. I have chosen to go the LLC route for each property and was told the safe bet is to open a separate bank account per property to ma...
Ben Leybovich
What is Bad Debt?
There's been a lot of discussion on the forums as it relates to differentiating bad debt from good. The most common view on BP is that any debt which does not produce investment returns is bad debt.I, for the most pa...
Matt Shields
Abandoned Motorcycle in Arizona Rental
Does anyone know what the "Arizona" law is for an abandoned vehicle in a rental unit. Is it treated like any other personal item left? Do I need to turn it over to the police? Can I apply for a title for it?My rental ...
John Hall
Mobile Home Park Flip - May have bit off more than I could chew.
Long time lurker, first time poster.Park is 20 Units, all but 2 are park owned.Paid 215,000The PLAN was rehab units, fill occupancy and sell the park when it was stable for around the 4-500 mark.Fully rented the park ...
Aaron Montgomery
Questions to ask CPA/Lawyer
Hello everyone, and thanks in advance for your answers!My wife and I are just getting started in REI, and want to make sure we are off to a solid start. We’re planning to form an LLC, taxed as an S-Corp. to that end, ...
Matt Good
Seed Capital
Has anyone used these people? Good or bad? I've heard that they have some upfront fees depending on how much you borrow?
Eric Campbell
Student rental process
Hi Everyone, long time lurker, first time poster. I recently purchased a 6 bedroom/2200 sq ft. house near a small university in our town. The contractor that bought renovated it himself with the thought of putting co...
Carl Schmitt
"Flipping a short sale is illegal"
I'm sure all the "flippers" out there read the subject and said, "That's not true!". I would say it all depends. The reason I'm writing this is because as I was speaking with a "short sale expert", she informed me t...
Thomas Corley
Is AZ going to run out of water!?
Where are my AZ investors at!? I want to hear your thoughts on the water shortage in AZ (Phoenix area) and what you think it means for investors? Is it something to think about if you’re a buy and hold investor?
Chris Wilkening
Dave Ramsey says RE should be 5% of portfolio
I think most of BP would disagree with Ramsey's advice about real estate and debt, but there is one bullet here that states "Real estate should only be about 5% of your portfolio." I understand (but don't agree with) ...