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A week or so ago, I posted about my financial situation and asked a slew of questions. I thought it might make sense to follow up after visiting the bank.In the last post, I mentioned that Episode 239 gave me the idea...
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As an old pro with almost 50 years of personal experience and learned real estate investing and developing from my grandfather and father, I am of the opinion a new real estate and credit bubble is being created just ...
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When screening tenants, in addition to running a credit report, checking landlord references, and checking bad tenant databases I also try to check the applicant's social media accounts. Some people have their account...
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Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March. Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...
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I’ve read weddings can make 5-25k per wedding much more than any short term rental or traditional rental property. I’m simply renting out the property. Vendors such as florist, cake, tables, wedding planner is separat...
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I have been aging an LLC for a few years. I want to start buying property. how many properties can I safely have under the LLC and seperate myself from liability? Should I have the LLC as the holding company of sev...
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I have a friend whose, daughter is getting her first apartment. She only makes 2 times rent and they require 3 times as most do. They would accept her if her father (My friend cosigns). I have not done cosigners so I ...
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Hello everyone I'm turning 18 in July and am fortunate enough to have a family who has started a fund in my name when I was born which has grown to $80k in cash and $60k in stocks. I live in southern California in the...
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I know this is an old topic, but I would like to revisit it as I'm now listing two rental homes that I own and manage myself. So this question is for landlords who also manage their own property(ies). Do you prefer to...
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Hey everyone here's my story which almost sounds like it comes from a movie: we bought a house close to Atlanta airport through a wholesale company for $139,250 in August 2023 and we used a fix & flip loan to fix ...