Wilson Liu
Contributing property as capital in LLC?
I own a real estate LLC with a partner. He just personally bought an investment property (closing today) and we're thinking about working on it together. Can he "contribute" the property as capital and then take a cas...
Mark Forest
electrical upgrade required?
We have a claim for water pipe break damage. Many of the walls and ceilings were removed. I have been told that they are responsible for upgrading the electrical once holes are made. The insurance company says that is...
Mario Rubalcava
Tenant won't vacate the property
I want to sell my rental house but I currently have tenets. I gave them a 60 day notice to move out the 60 days went by and my tenants say they can't find place to rent. I was told that I can evict them. I want to kno...
Andrew Thomas Sherman
Looking for a Bank in Los Angeles, California
Hello, fellow BP'ers! I'm new to real estate investing and I've just finalized my LLC here in California. I'm looking to open a bank account for the business and will likely choose a local bank or credit union. I'v...
Tim Robbins
Cash out refinance on un-permitted work.
Hi. I have a rental property that I paid cash for about 8 months ago. I remodeled it and have it rented out now. I would like to do a cash out refinance, but I'm nervous about the process. I didn't expect to refinanc...
Michael Dunn
23-Unit Apartment Complex for First Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,050,000
Cash invested: $275,000
23 unit apartment complex with six additional units and a laundry room tha...
Andrés Posada
Condo Plumbing invoice dispute
Hello BP community,
I rent out my condo unit in a building that has 15 units. A couple of months ago, my tenant called me and said that the main shower was making a screeching noise when it was on. I contacted the ...
Sara Peak
Multi Family Insurance: What to look for
I just received a quote from my insurance agent on coverage for my first Multi Family property. What are some BIG things that I need to be sure are included/correct coverage? I trust him, but I do want to do my own du...
Ellie Narie
Are gift taxes triggered if you add a joint owner not on loan?
I'm wondering... if I get an FHA loan and buy a 4-plex to owner occupy, and if I put another person on the deed who is NOT on the mortgage, would gift taxes be triggered? And if so, how are those calculated? If the 4p...
Jerone Hammond
What is title binder?
Can someone explain "title binder" when buying a house to rehab? How much does it save in closing? Thanks