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I own a rental property and I want to separate that property from my personal assets. Can I form an LLC for a property management company to rent out the property instead of listing my personal name on the lease? I do...
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I’ve been doing private lending for a while for fix and flips. I’m not sure the insurance requirements that I’m requesting from borrowers are appropriate. These are the rough numbers of a deal I’m currently underwri...
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Hi BP Fam,When contacting and mailing motivated/distressed sellers, I've read that you can incentivize them by offering "No closing costs" and "No realtor commissions." Sounds great, but how can you buy a house and av...
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Hey, how's everyone doing?
A woman just called me from a craigslist ad I posted about a month ago. I totally forgot I even posted the ad. She says she is looking to sale 2 of her houses. After all the studying I've ...
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Hi All,I'm in preliminary talks to pick up a 6 unit with 15% carry back option with another 5% down from another investor, leaving me with 5% skin in the game. I was hoping if some people on BP would take a look at th...
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In California more then 5 fruit trees is considered a Orchard for tax purposes, I can get the Orchard Tax exemption for first 4 years after planting. has any one tried this with multifamily properties? I know of singl...
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I am looking at a property in Mesa, Arizona that I'd like to put out here and get some of you all's thoughts. I am not in a position to do anything with this property right now. For me, it's just about learning, pract...
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My understanding is that a 5 unit property will not qualify for convetional financing (FNMA only for 1-4 units).
What options do I have then if I have good credit, can put down a good & and only have three proper...
I have an opportunity to bid (online) on a SFH. Its my FIRST property and I'm really nervous. I intend to flip it.My question is how can the opening bid on this house be 4x LESS than the home is worth? Also, with o...
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Hey guys, Been reading the forums and listening to the podcast for awhile now and I've learned a ton. I started looking into real estate about a year ago, but i got laid off so I hit the brakes on doing anything. Fort...