Kelly Moore
New members from Cypress, Texas
Hi there, My husband, Andrew, and I live in in Cypress, Texas. We both work full time in the IT industry; he is a VP of Operations for a small managed services firm and I work as a Business Analyst in the Business Int...
Brian M.
2-out-of-5 year rule negated by LLC?
We’ve lived in our condo for the past 3 years and are considering renting it for the next 2-3 years then selling it to take advantage of the 2-out-of-5 rule. Since we’ll be renting it we want to put it in an LLC but a...
Matt B.
Insurance Issues
hey all, I just signed my month to month rental agreement with my first tenant and I'm having a problem getting insurance. I have my home and auto insurance through Geico but when I called to switch my homeowners to a...
Veronica Haniger
Does my CPA need to be local?
Hello BP! I recently bought a fixer duplex in the Dallas area (Arlington, to be exact) and I live in CA. I’m looking to connect with a CPA and would like to know if there’s a benefit to working with someone in Dallas ...
Arturo Borges
Is the 50% rule accurate enough?
Hey!Is the 50% rule accurate enough for someone to rely on it when analyzing a multifamily deal? What exactly are the expenses one incurs with a multifamily property?Thanks!
Jennifer Moraski
Recommendations for books/sites to learn about commercial leases
I have friends who purchased a 60,000 soft former apple processing plant that they want to rehab to turn into retail, storage and maker space. They've asked me to help be their commercial property manager even though...
Christopher Karimi
Mandatory Real Estate Licensing Courses/Books/Information
Good morning, I started my mandatory courses for my Texas RE license about 3 months ago, I'm almost finished with course 4 and will move to course 5 (Promulgated Contract Forms) soon. I've covered so much information ...
Eric Gay
Alabama Tax Certificates
Hi all!In Alabama, I can buy a tax certificate from someone who obtained it from auction. They’ll mark the price up when they sell it. So if I buy a $2000 certificate for $3000 as an example, and the owner decided to ...
Martin Guerrero
Buying houses that are over 100 years old
Any advice for a newbie looking at desirable areas where houses are greater than 100 years old.? Specifically looking at a duplex. For those that buy older houses what are common things to watch for or lessons learne...
Rod Desinord
Is there money still to be made with the high prices for homes and the fact that supply is down?
I ask this because looking at the MLS the number of properties on there are minimal. all these homes--even the ones in terrible areas are listed high.