Meghan McCallum
Who else has had to fire an employee?
Hi,
Had the wonderful opportunity to hire my first employee this year. I have also now had to fire her. Has anyone been successful in avoiding paying unemployment? My employee lied, cheated and stole from us...more th...
Mike Abramowitz
Adding a member to an LLC
Currently my partner has properties in his name that have conventional financing, we are looking to transfer these properties into the LLC we are partners in. What type of concerns should we have with transferring the...
Jonathan Park
Should I bother with listings that have been on MLS for a while?
Hi,I am a newbie looking to househack my first property and my only way to browse the properties are from MLS, Redfin, etcSo the question is - the listing has been on the MLS for few months - Should I even bother look...
Jorge Abreu
Stocks vs Real Estate: A Comparison of Risks
Investment risk can be defined as the probability or likelihood of occurrence of losses relative to the expected return on any particular investment. Stating simply, it is a measure of the level of uncertainty of achi...
Ranviir Hussein
Previous owner collected the Section 8 rent
I have recently bought a house with a section 8 tenant in place. I have not done my due diligences as the seller was supposed to notify the housing agency of the change of ownership of the property. I have closed the ...
Manuel A.
Close to Making First Offer; Misc. Questions
Alright, so I found my first house I find interesting. Every wall needs to be redone (holes everywhere) and there a lot of other minor problems like that. Also, I think it's relevant to tell you this house is "REO/Ban...
Ryan Fox
Piercing the corporate veil in California
There seems to be a lot of confusion on BP as to how you lose the protections of an LLC or business entity. In legal terms, this is called “piercing the corporate veil.” A business entity can shield you from liabili...
Kayl Kam
LLC, CPA, depreciation, tax write off - Rookie turning residential into rental
Hi all,I am planning to turn the current residential property (SFH, 4b/3.5b) into a rental since I am relocating to another state. I put 5% down 2 years ago (conventional loan with PMI), fixed interest rate of 2.875%,...
Candace Berry
HELP! Pricing a Duplex Flip?
We are considering renovations on a 1500 sq/ft duplex in Durham, NC that is 3 blocks from NCCU and 3 miles from downtown. I understand you price multi-family based on the rent it brings instead of the sold SFH comps i...
N/A N/A
My Biggest Fear
Is once I have the property being able to sell it. Im talking about doing rehabs.
I mean I justt told my partner that we have to figure in carrying costs. But I was just talking to a mortgage broker who said an inves...