Hello all, Just starting out and I've read so many books and still haven't found the right path/advice. I have 25K cash and have been told several 'must do' with. 1) Immediately put in your saving account 2) Put it in...

Ok so that's a bit of a loaded question because I have a good idea as to what we did wrong along the way. The reason I pose the question this way is so that I can get some unbiased, candid feedback regarding this pro...

Hi everyone, I was wondering if anyone had an automatic payment system setup with their tenants to receive monthly rent payments automatically. This way you don’t have to physically pick up rent or wait for them to m...

In order to do a 1031 exchange do you have to reinvest the total amount that you sold your property for?

Not sure what forum this goes in but I have an interesting question. This doesn't involve me, but a childhood friend. I'm not sure what to tell him. Here is the scenario as simply as I can put it.* Used family member'...

Hi everyone!Newbie here. Please be kind. I’ve recently formed an LLC with a partner to flip houses. We’ve purchased our first property and the project is underway. I’m a CPA (originally an auditor, now in consulting),...

My property manager is saying an eviction will cost ~$1000 for a lawyer.  Shouldn't the property manager handle the eviction process themself, otherwise, what am I really paying them for?  Tenant paid last month ~ 20 ...

Hey all! I started advertising for my property 3 days ago and had a showing yesterday and another one lined up for Friday. Just as background info (sorry for the repetition if you read my other post) I had one propert...

Cohoes, New York:  My tenant (and her co-signer) owes me 10k in backpay for rent. Her lease is up at the end of November. (This month) Our property manager said that the tenant's attorney wants me to renew our lease f...

Hello BP.I am currently renting a home in Plano, TX. My lease ends in March '19, and I'd like to determine the viability of the following "live-in flip" plan from experienced investors and lenders in DFW:1. Acquire ou...