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Hello all, new investor here looking to get in the game. I bought a house in Arvada three years ago which I now rent. I cash flow $650 on it with my current loan. I just had the house appraised for $495K and I owe $33...
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Hi,is it common to set up LLC for income property in CA to protect from lawsuit despite $800/yr tax?If it is so, how long does it take? Is it too late if I do after my offer is accepted?If you have recommendation for ...
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Ok so I've been on here for a little bit looking to network with some potential HML's. I'm in central ma, and the rental market here is very very very profitable. But who has 25% to put down on every apartment complex...
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Hi! What do you guys do if a couple apply for your rental unit, one of them has a great credit score, and the other one doesn't?
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I’m looking to use retirement fund to invest. Heard about the Cares act distribution (if you’ve faced covid hardship-which I am)So wondering if it’s better to take the 401k funds out before end of 2020 (tax breaks) Vs...
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I am planning on building an 18 unit townhouse community in Murray Hill, Jacksonville. I am shovel ready, pending a few miscellaneous items. I own the land. The architect and civil engineer are finish up. I have b...
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Hey All -I'm trying to analyze my first "off-MLS" deal and would love your thoughts. What am I not taking into account and what assumptions would you change? I'm expecting to do a traditional 20% down mortgage (and ...
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I was reading a thread here on BP about private money investors, and ways that those investors can get their money back sooner than later. The topic of doing a refi as a commercial blanket loan after purchasing severa...
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I'm managing a 24 unit building in the rougher part of town (its Fargo, ND so its not that bad). I had a tenant call to report he saw a few roaches and sure enough he's got them. Even was kind enough to catch one so w...
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Wanted to throw this out to see what you thought. Obviously, one red flag, but if everything else checks out, it seems like it might be ok. Would you consider these tenants?Rent is $1200, and I’m required 3x that for ...