Mariah Lakey
Owner occupied homepath contract
I'm under contract on a homepath property and need to add llc due to being a domestic violence, they are telling me I cannot because it's not considered a real person,I have to cancel the contract and resubmit an offe...
Bob Maloney
Filing Taxes for LLC - using Form 1065 K-1, etc
I am member of a LLC (more than 1 member) that was formed in 2007 and we buy and sell residential property. I am getting ready to prepare tax form 1065 (and the related K-1 forms). We have bought & sold 2 proper...
Jerry Scott
What kind of properties are good for first time investments?
Hello, I'm new and wanted to know more about investing since I plan on retiring early so I wanted to have some passive cash flow by that time. Zumbly has helped me look for properties however I still don't know what'...
Dominick Johnson
Always get multiple bids
Last week I was reminded why I made it standard practice to always get at least 3 bids for major repairs. The ac in one of our properties had a leak in the line. Both the ac and furnace worked fine but were 30 years o...
Timothy Franklin
Clarifying the wholesale transaction
Hey all,I would like someone who is experienced in wholesaling to verify the accuracy of my understanding of the wholesale transaction. I understand the process as follows:Step A: wholesaler places property under cont...
Preston Burto
Buying first property with LLC
I’m buying my first rental property with a new LLC I set up. Closing is tomorrow and I’m getting the cashiers check today. Do I get the check in the LLC name and then just sign my personal name at closing? Or get it i...
Jay Bandi
Team building to invest in Ohio!!
Hi all,
We are new investors looking to get our feet wet in OOS Investing. We are looking at OH due to proximity (we are in DC). Columbus and Cleveland come to mind at the first look. Would like to start with small ...
Chad Hack
Choosing My RE Strategy
Hello everyone and Happy New Year!I’ve spent the last 6-9 months immersing myself in the BP community, listening to podcasts and reading recommended books. I’ve even attending the One Thing Goal-setting retreat, and w...
Kiley Boss
Financial road block
I have been trying to get started on investing for about 6 months now. I have read my books and done my studies. But I am at a road block financially. Quick history, I am a dentist but currently not working. I have 4 ...
Monica Williams
How do you chose your exit strategy?
With the market and rates fluctuating, how do you chose your exit strategy? What trends do you look for and study? Do you have a go-to exit strategy? Does it change often?