Brian Schroeder
Forming a LLC in illinois
I am buying my first rental property. I have no dept and my net worth is about 150K, and I would like to keep it that way. Questions are 1. Do I open an LLC to protect my personal assets? If something should happe...
Matthew Dunn
Partnering with Family
Dear BP,Quick question on partnering with a family member. My stepfather is really interested in partnering capital towards a buy and hold deal. He purely just wants a passive ROI once per year with no involvement in ...
John C Rider
BRRR Rental Period Cashflow after Refinance
I just purchased my first property and trying to decide whether I should Flip or use the BRRR strategy. I got the house for $111k, and Zillow says the house is valued at $207k. I understand Zillow is not always accura...
Jessica Stevenson
Subterranean Termites and Cast Iron Pipes
We are currently under contract for a buy and hold property in Jacksonville, FL. It is a concrete block house on slab. We had two issues pop up during our inspection today and I would like your opinion on if we should...
Stan F.
?Renew for chronically late tenant?
I am trying to be objective. Long term inherited tenant who is about $150 below market. He is late 6-8 months out of 12 months. He pays with late fee. Yes my late fee is low $35; I plan to address it in the new lease ...
Deon Knott
Loan Officer Called Listing Agent
Good Morning BP,My loan officer called the listing agent without my request or consent. I don't believe any foul play is afoot, just a very enthusiastic and motivated loan officer. Which is typically a great thing! ...
John Hickey
How I found a Hard Money Lender, thanks to bigger pockets
Up till now I've never used a HML. I'm in my 7th solo deal right now and I worked for two large real estate companies in the last 25 years. I never had to borrow money except from friends(even bosses), family and ban...
Mark S.
HomePath Loans
Do any lenders require less than 25% down on a fourplex? HomePath and HomePath renovation loans.
John Underwood
PF Gatlinburg cabin whole house generator
I noticed several neighbors at our PF cabin have whole house generators. Our neighborhood has underground electrical, but the main roads are all obove ground.I only saw the electrical go out once for a few hours this ...
Brandon Carriere
This ones killing me! HELP! [Calc Review] Help me analyze this
Been debating this one for a few months, off market deal.. 2bed/1bath and 2 smaller studio units.. Small town, war zones don't exist here.. To my knowledge, a rubber roof, newer furnaces.. Multi's are relatively...