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You taking a break from sipping Pina Coladas on the beach,I am maxed out with the amount of Fannie Mae properties at 10 SFH loans. Now instead of the sweet 5% 30 year loans I have to cold call a bunch of credit u...
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Hi, I'm debating whether I should purchase umbrella insurance or setup an llc for my rental. Below is my conclusionIf lawsuit amount > umbrella coverage, I'd be liable for remaining balance and I could lose the ren...
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Hello there everyone I have a quick scenario I would like to mention and see what feedback I get from BP's forum members. Enjoy!
An investor finds a property that is substantial discounted and pays for the property c...
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I'm in talks with a deal currently and am needing to know more about my next steps. In simple steps ( I know there are other details, but these are my main questions currently)Step 1 - Get seller to sign contract-What...
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Is it worth my while to invest in a rental property if my AGI is above 150K, and of course, I cannot materially participate in the upkeep of the property because of distance and time constraint? Is there something I c...
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Hello All!I have recently started educating myself in the real estate field. Enjoying it thus far! Had a quick question and figured I would get some thoughts from the BP friends. I know that the preferred rental prope...
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Preparing to break ground on a new park this week. Originally had an order in for 3x 8' culverts that would be roughly $547 each because no one had them in stock. The county engineers had a specific requirement for th...
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Hello,
I am 35, live in Chicago and work in the Loop for a demanding finance company. I never owned any real estate and have been renting a high rise one bedroom for $1,800 in River North with my girlfriend for the p...
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I just had an idea, if we could figure out the maximum amount of dollars we could pay for a property per $1 of monthly rental income we estimate the property will bring, we would have a very easy way to figure out how...
I was wondering if leaving some money in a deal to ensure your rental property is cash flowing is a bad idea or what the drawbacks were. Here's an example thats similar to a situation I'm looking into. I found a house...