Allison Cannie
Rental properties to LLC in NC
I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own pr...
Michael Myers
$25 Incidental Fee on Top of 10% Property Management Fee???
I've never had to deal with this before with any property managers. The current one that I have charges a $25/mo incidental insurance fee for evictions and things involved with that process. This is on top of the 10...
Jason Riddle
Private Money Loan Process with Investor
I'm having trouble understanding the private money loan process with another investor.So when another investor gets involved, that's because they also agree that you have a good deal. So they agree to give you money i...
Lindi Nguyen
Underground oil tank found...risks?
I'm under contract on a rental house in Teaneck, NJ that has an under ground oil tank. Apparently, that's fairly common and legally it's on the seller to remove. Curious what the risks are. Seller has agreed to credit...
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flipping
can anyone give me some input on flipping properties? Initially it sounded like something I would be interested in trying, but the more I read the more it sounded like there would be a lot of strings, rules, and taxes...
Nick Shri
How to lend as a private investor?
Fellow BPers,I am looking to invest funds as a private investor. Here are my thoughts -Provide funds towards a BRRRR deal as a partner, I invest, my friend brings the deal, rehabs the property, manages the propertyI p...
Hugo Luna
ale Solutions relocation company
Hi BP,I have a property listed for rent in Woodland, CA and received a call from an ale Solutions agent who claims to be relocating a family that lost their home to a fire. The agent is only looking for a 9 month leas...
Joshua Saunders
LLC Setup for STR Business with Stay-at-home-spouse
Hello all, I'm needing some advice on LLC Setup (or not) for a STR business. Here is my situation:- I'm a W2 employee that earns north of $500k a year- My wife is a stay-at-home-spouse- I'm looking to buy ~ $...
Luke Izlar
How to buy property as a 3 way partnership safely?
So myself and 2 co-workers who all share a common interest in REI have decided to team up and form a 3 way partnership to help split the duties and financial risks between us. We have decided to use the BRRRR method.W...
Devante Charles
Should I take out a loan for foreclosed property?
My plan like probably any beginner investor was to take out a loan for a relatively cheap piece of property. Should I be sure there's no liens or anything on the property before going through with this? Or is this too...