Marc Beaulieu
Ensuring your LLC holds up in Court
I recently spoke to an insurance salesman who told me that a judge can choose to not recognize your LLC if you do not have a business account in the LLC name that all your business activity flows through( for example ...
Mark Douglas
Cash Reserves per Property??
I've done one deal so far. A duplex. I'm really looking to scale quickly with small (10-20 unit) apartments now. I've seen how costly repairs can be from this duplex, and I wanted to know from others, is there a mi...
Ryan Rodgers
HELOC or Wholesale under 50k min for BRRR
Hey everyone. This is my first deal so I really don't want to screw up. Hoping for some guidance.I recently bought a home with cash in July for 13,500. Rehab will be 10k. ARV is 45k. Will rent for 800.I was offered 24...
Richard Dee
Hiring a GC vs Subbing work out yourself
I'm curious if most of you guys hire a GC for your projects or do you subcontract the work out yourself? Do any of you have a crew of workers you pay a salary that go from project to project?
Shawn Regnier
Long Overdue New Member Intro
Hello everyone, my name is Shawn Regnier, and I have been lurking the BP forums for over a year; I figured it was time to finally make a formal introduction.I am a Los Angeles (San Fernando Valley) resident, and have ...
Norman Wright Jr.
Storage Units: What Should We Consider Before Buying?
We are thinking about purchasing storage units. What are the main considerations we should focus on before making a purchase? i.e. location, number of units, local income levels, etc.
NA Wilkerson
Selling and Buying property
I’m looking to close on a 2.7M commercial building in next 6 months. The outstanding balance is 1.5M, I’d like to buy a 2.2 M 24 unit condo complex with profits with a 1031 exchange. 1. What do I do about the 500k dif...
Kyle Eckert
2 family in Princeton Heights
I have the ability to buy a 2 family in Princeton Heights (On Rosa Ave) with the seller saying that he would be willing to seller finance. Rent for a finished 1BR in this area could be $700-$800, so I would think $16...
Account Closed
Quick Check on this hard money payoff quote
I borrowed $141k hard money at 7% interest-only and escrowed ~$10k with them for repair costs (not sure if that matters). My monthly payment on the hard money is $822.I'm now trying to refinance into a conventional mo...
Chan K.
Landlord – Tool or Device to Detect Pipe Burst or Constant Runnin
Hello Landlords,I want to find out what kind of device you are using to detect pipe burst or constant running water. Most of the time when the pipe is burst in the basement or constant running water due to leak or abu...