David K.
Tenants falling behind
Do you ever let good tenants (keep units in good shape, get along with people etc) fall behind in rent without doing evictions when you have many units? For instance the cost of a turnover usually is a few thousand, ...
Keith Jourdan
Michigan Eviction Guide. Step by Step !!
Disclaimer: I am not an attorney. Just sharing my experiences with landlord/tenant court over the past 6 years.I get a lot of messages on here regarding evictions. It is rare but if you are a landlord long enough, or ...
Mayour Patel
Probate with Real Estate
Does anyone have extensive probate experience? I am looking to learn more about the process and the opportunities. Also has anyone purchased online subscriptions to for weekly probate leads? I am considering a company...
Fred Sena
Underwriting VA loan Issues
Here is my story,My wife and I own a three unit, multi family property purchased with a VA loan. We are in the process of purchasing another 4-unit multi family, but we are hitting issues with the lender. Our closing ...
Dustin DuFault
Modifying a Lease to Facilitate a Cash Out Refi
Team BP,
I acquired a property via foreclosure auction with cash in the name of my LLC. For a variety of reasons, not the least of which is access to financing, I have decided to move the property back into m...
Sunil Sharma
Need advice for forming a LLC in Nevada or Wyoming
Hello All,I am in the process of creating a LLC and wanted to know where should I establish the LLC; in Nevada or Wyoming. What are some of the pros and cons? Our Scenario: We are planning to do business in IL and TX ...
Charlie Kimberly
LLCs for a partnership
I'm about to close on a SFR deal that will be my first partnership. We're planning to quitclaim the deed to an LLC, should we share 1 LLC, or each have separate & put two on title?Thank you, CK
Chris H.
Strategies for pre-foreclosure on deceased owner?
Hello,I apologize if the title sounds tasteless; but I try to do drive-bys and follow up on houses that look vacant, I'm not an ambulance chaser. In the process, I found a nice little house with an overgrown yard and...
Cameron Rossetti
Looking for a CPA in Dallas
As I start on my real estate journey I am looking for a CPA to have in my corner. I need someone with the heart of a teacher so we can build a strong relationship from the beginning. I bought my 1st property last Octo...
Bruce L.
Could someone plesae check my formula?
Hi guys,
Was wondering if you could check my Cap Rate & Cash on Cash Formula?
Also, if you could provide any constructive criticism.
PS.
I did not add Income Tax, Depreciation, Amortization and not appreciation ...