Julie Macd
How do you manage your maintenance reserves
Across the forum, we talk about ensuring that you maintain your reserves... but how do you actually manage them on you own the properties? This question is for the properties you plan on holding. If you are flipping, ...
Ren McKnight
WSJ "Worst Time to Buy a House"--Applies to Rentals?
Hello everyone, happy holidays and Merry Christmas to those who celebrate! This is my first time posting on the forum; I have a background in finance but am new to real estate. Curious of everyone's thoughts on the re...
Keaton Vols
One investment property, looking to expand
I am 25 y/o, I have a job where depending on overtime, I make around $140,000. I bought a 4 plex a year ago and I live in one unit while saving for another. I put 20% of pay into 401k and have a couple payments totali...
Allen L.
LLC owning other LLCs bank account best practice
Hi all, I was reading a book by Rich Dad Advisor Garrett Sutton and he mentioned opening a Wyoming LLC to hold LLCs operating in other states with weaker LLC protection. I wonder if anyone have done this?
My main qu...
Kaiden Foster
Shot-Term Rental Anchorage Tax
Hi all,
Just recently listed my first property on Airbnb and I have a couple questions about taxes. If I understand correctly, Airbnb automatically collects Anchorage muni 12% tax from the guest (see article here) an...
Dennis Williams
How did he buy a $300K property for $10K
I found a property that was abandoned this year in January and was in the process of adverse possessing it. During my search I saw that Wells Fargo (WF) was paying the taxes and it looked like it was in the foreclosur...
Armand P.
Understanding how I'm taxed
Hello BP!It's been a few months since I've posted on here, but I am happy to share that after years of analysis and paralysis I finally took a huge leap into R.E! My old colleague and I started an LLC in Vegas NV wher...
Tony H.
First Step to Deal with Inherited Tenant
Hi BP,I have been in contract for a duplex here in Sacramento. Estimated closing is mid July.There is a long time tenant in one of the unit who have lived there since previous previous owner..their rent is so low comp...
Gerardo Escutia
Tenant asking for "New HVAC system"
I have a tenant who just moved in about 2 months to newly remodeled rental (everything is new) that purchased this year. I had the AC system checked by HVAC company and everything works fine according to the company. ...
Joe Strickley
Historic homes investment
I've seen a few articles in the NY times recently about a surge in interest in the preservation of older buildings. That makes sense, since it's important to conserve buildings, especially of national interest for his...