Steve Short
2 so far, for the year
So, we obtained a rental through inheritance, (would rather have Mom), but as she passed we decided to not sell the place and keep it as a rental here in Cali.The tenant hadn't had a rental increase for quite some tim...
Peter D.
Rental Property with Adjacent Vacant Scenario
My wife and I recently purchased a house and rehabbed it and it is currently renting out for the same amount as the mortgage payment. When we purchased this property, it was run down and had major issues to fix and th...
James Frank
Self directed IRA question and scenario
Hi all,
New to the forum but I have been reading up for a while now, I finally registered. I have been talking with an attorney, some investors and a company that can set up self directed IRAs.
Here is...
Account Closed
Is a higher rent worth the death penalty?
The Trump administration is slowly moving in the direction of a crack down on marijuana. I would say they have gone to the extreme now.https://www.nbcnews.com/politics/politics-news/leg...It should be noted the goven...
Howard Johnston
HELOC to be our own HML through our corporation
Hello everyone,I know this is a question for an accountant, we are looking for real estate savvy one. Not sure if this is legal or even possible, so I guess we get creative thinking brownie points. We already have a ...
Ben Sears
Funding LLC Purchase with HELOC Money
Hi All...I'm looking for some opinions on funding a deal with a HELOC on my primary residence. The investment would be held under an LLC. Am I treading in a dangerous area by mixing my LLC with personal money? I would...
Ricardo P.
Updating electrical in rental
I have a SFH which I'm currently in the process of updating to get it ready to rent. The house was built in 1961 and has one of the old type screw in fuse boxes instead of a breaker panel. Electrical work is not my st...
Ashish Ranjan
Need information about forming an LLC with 2+ investors
Hi,I am looking to invest in a rental property with two other friends who are first-time investors like me. Recently, we did our own research and found out that forming an LLC can be beneficial instead of owing proper...
Cody Rosario
Let’s Play Buy, Pass, Counter Offer
Hi BP-ers! I have the option to purchase a 4plex in Los Angeles for $607,000. I will be putting 25% down loan will be around 5.6% it is an older building and has all long term tenants under rent control meaning I cann...
Huy N.
New member in Houston
Hi fellow members,
I was introduced to BP recently and just love all the collaboration that is going on around here.
I have a full time job working in IT at Schlumberger while running our family busines...