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Through experience and observation there are endless scams in the Real Estate Industry. I'm a math guy, I do the numbers and can forecast value, so a scam is pretty obvious to me. I've been reading BP on and off for o...
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Hello,I am just starting out with 2-BR SFH in Ohio that I inherited this year. Never owned property before, let alone investment property.I want to rehab the kitchen in my inherited house to a condition that would be ...
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Option - In legal language, a real estate option is an agreement that grants the party owning the option, the optionee, the exclusive, unrestricted, and irrevocable right to purchase property from the party selling th...
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Hi BP,Wanted to share a successful BRRR deal I finished recently, it was actually my first time using the BRRR strategy instead of just flipping the house and I must say I am hooked. Also, the title of this post can b...
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Hey all,I'm finally at the point where I'm going to file for my LLC. There will be four members (all close family) involved. I'm in Illinois and the cost to fill out the paperwork myself is $500. My CPA will do it for...
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Maybe its just me..... Being in the Real Estate Business for 20 plus years, I am started to see some similarities of the last bubble. Now I am not saying we are in a bubble. I don't know. They are a lot of factors...
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Hi All,So I am a very small time landlord and I use Apartments.com (formerly Cozy) to collect payments. This morning I got an email saying that they want my SSN to report any income I get over $600 to IRS. I have alwa...
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I know there have been many threads started on Coronavirus and it's impact on STR's over the past few days, but I wanted to share this data that Airdna published today detailing the affects of it on different types of...
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Guys/Girls, I really need help....
I recently quit my job to do real estate full time. I'm about to have my RE license, and we also have an LLC with our property income flowing through it. So My wife makes $60,000+ a...
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So, I guess this isn't going to be our first investment since we have a vacation rental property in Maui, but this will be our first buy/ hold / rent property. We've been looking locally here in the Denver metro a...