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BP Team, Seems like there is a lot of interest in other posts regarding whether it is necessary/wise to have an holding LLC in addition to individual LLCs that own property. I found a lot of mixed opinions and felt be...
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I have a property in Baltimore County, MD that, when purchased, the family did not fully disclose the septic system situation. They provided us with an estimate for septic system repairs done by a reputable company; h...
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Hello!I am trying to get this property ready for an FHA inspection. It seems like it's geared toward safety issues. I have a shed that is a foot too close to the property. Will that be a huge problem? Do they look for...
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Hello BP community, I'm a newbie to REI and I've been looking into multifamily homes. I found a 4 unit property that is going for 205k and it's gross annual income is 40200 with operating costs at 1200. Right now, the...
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I have a few questions with regards to an LLC and it’s applicability to owning a 4 unit multi family unit.In short, I am curious as to what the advantages and disadvantages are and if an LLC is necessary. Additionally...
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My mother's untimely death has left me (only child) with 80 acres on Lookout Mtn, Alabama and a 6000 sq ft home. The estate appraised around $400k as-is. Trouble is, the house is not in great shape. The roof leaks ...
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What is the best way to structure a Joint Venture/ 2-Member Partnership LLC owned by a SDIRA?Context:My SD IRA is parterning with a sole proprietor - Real Estate Broker on a single cash deal in Colorado. I do plan to ...
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Hi everyone.
I'd like to get some thoughts on a project I'm looking to start next week to replace the flooring w/ LVP.
I've got a quote for roughly 6k of 1152sqft-- 3.4k for the LVP and 2.3k for labor and 290 for pr...
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Hello everyone,I am planning the purchase my first rental property out of state (most likely in Cleveland) and I am aware of all the risk involved in this type of venture when we talk about financials.Beside that, wha...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $190,000
Cash invested: $13,500
First investment property! An over under duplex consisting of a 2B1B main un...