Sam Erickson
What's the deal with CPAs advising against LLCs?
I have recently seen multiple post by people saying their CPA has advised them against putting their investment property in an LLC and to own them personally.Am I missing something because this seems crazy to me? I c...
Account Closed
Flipping With Hard Money.. No Way To Profit. I don't believe it.
Using hard money at 10% interest and 3 points... As I run multiple scenarios on a house with an ARV of $200k and say 40K of rehab (thats what one GC blindly told me.) I'd have to offer as little as $89000 to the sel...
Jeff Lamothe
Long Distance Buy and Hold | PA
Hello BP,
Just finished reading David Greene's Long Distance Real Estate investing book, which got me motivated. I am based out of Connecticut and looking for out of state, buy and hold properties. I have looked...
Shiloh Lundahl
Is there a SHORTCUT TO WEALTH?
Many people invest in real estate in order to create passive income and eventually become wealthy enough to not have to work a regular job for the rest of their lives.I want to pose a philosophical question. Is there ...
Kenneth Garrett
Tenant Rules set by Landlord
I have a number of rental units where I use the MLS rental lease. I use this so I make sure I meet the state requirements. I do not have a list of guidelines and/or rules that the tenant signs other then what is in ...
Nathan J.
Should Property Managers charge an additional fee to find tenants?
Hi all,It seems some property managers look to charge one months rent to find a tenant, on top of the 10% of rent collected. Is that normal? It seems that a property manager should be incentivised to keep tenants long...
Rich Weese
My goal is to be #1 of the 55,462 BP members, tic!
I originally posted a three part series on early retirement in May of this year. At the time, I had another goal that I was working on. Well, here is where I stand.
Most on here know I travel a lot! Wifey says ...
Kenya Arnett
Why am I getting low quality rental applicants?
Hi all! I'm new to BP and new to this real estate investing world. My husband and I are under contract for our first intentional investment property (to which we will be moving and renting out the basement.) We own ou...
Melita Costoso
Listed on bank REO site, listing agent will not present offer
I found a listing on a bank REO website a couple of months ago on a property we could afford to pay cash for. it is NOT listed on the MLS. Our agent took us to view the property the day after it was listed on the we...
Stewart McMillan
Wait, what?! Tenants Violated Lease and Want 2x Security Deposit?
I recently had an issue with the power going out in a Chicago unit of mine. ComEd turned the power off due to non-payment(though ComEd never warned me or tenants which they are required to do by Illinois law), but I h...