Rhett P.
Setting Up an LLC
I've tried google and BP but they haven't been my friend on this topic so I'll have to post here. I live in California and I'm starting to do flips all over the country. I want to set up an LLC with an S-corp for tax ...
Rick Bassett
Worst tenant ever - I missed a giant RED FLAG
If everything goes well then our worst tenant ever will be moved-out in just under 12 hours from now, the champagne is on ice and we are cautiously optimistic. Interestedly enough, the problems with this tenant have v...
Bob Malecki
Question on 2nd position npn in CA -- can I contact borrower?
Hi All,
I just purchased a nonperforming note in 2nd position on a nice home in Los Angeles. The first is performing and listed with Chase. There is equity in the property even with both the first and my seco...
Jeff McNamee
Tax Implications for Rental Property With First Time Homebuyer Loan
Hi all- I have a condo I rent out that I originally obtained through a first time home buyer loan. Well my lender sent me a letter because they noticed this isn't my primary residence anymore and the loan states that ...
Zach Schwarzmiller
Strongest Long-Term Tenant Proof Flooring - WA State
I ran a search around the forms and didn't seem to be able to find a forum on the strong long-term tenant proof flooring. I am looking to update some units built in the 90's in Washington State and sick of carpet. In ...
Liam Hanlon
Kitchen Remodel Tips Needed
Hi All,Currently in the process of purchasing my second duplex. I have done minor remodeling work and landscaping on my first property, but This one requires complete remodeling in both kitchens. Looking for any tips/...
Dallas Jacobsen
Rental owner in Lynnwood WA
Hello,
My name is Dallas Jacobsen. I'm an Engineer, and only became a landlord by the lucky move of not selling when we bought a new primary residence. Out rental is in Lynnwood WA (suburb of Seattle) so the house val...
Paul Jamgotch
Forced (early) Retirement... What to do
Hi All,
I've been lurking here for a while. Finally a post: My company has been bought out and I am facing a lay-off from a narrow field with no competitor to move to in my area. I'd like to stick it out in West Mich...
Ryan Dossey
Does your Boss know that you are an investor?
For those of you guys that still have day jobs... Does your employer know about your REI. I would like to hear the pros and cons of both sides. I will go first. My employer is fully aware that I am investor and close ...
Alfred Green
New to land flipping--seeking advice
I'm new to making money from real estate, and recently I learned of flipping land via Jack Bosch. It's simplicity was what truly got my attention.
There's a lot of information which is just not applicable to land, s...