Clifford Firthh
Seller carryback 1st position note - Holder will not give a payoff amount
Looking for advice on a property I'm working on. Owner had left the property about a year ago to take care of a sick relative and squatters took over the property and they haven't been able to return. They have tried ...
Bryan Hancock
Salary/Dividend Split - How Does It Impact Social Security Eligibility?
If one sets up a LLC and takes a salary/dividend split via their LLC does all of the money get counted to determine eligibility to continue to receive social security payments? Or....does just the salary portion get ...
Joseph Hammel
Need a new accounting system!
Hello! I have been using excel for my accounting for 6 years. However with 38 units across 14 properties its becoming an issue. I do use Buildium to do applications, background checks, rent collection, tracking ect. B...
Britnie Batish
Sold a flip home, but new owner keeps calling
We finished our fourth flip home which was our biggest flip yet. We had to have the house almost completely rebuilt, but we felt really good about the product we were selling. It had almost everything new. The new own...
Brian Winkler
LLC within my IRA
Hello everyone. After years of stalling, I've recently taken the plunge.. Appreciative of all the advice and information the BP community provides and suspect I will be spending my nights reading as much as I can...
Alex Skeg
What do I need to know before diving into NNN lease investing
Coming from owning only multifamily properties, what do I need to know or where can I find info on what goes into owning/operating a building with NNN leases?I am looking for multi-tenant commercial retail/shopping ce...
Craig S.
Factoring in downpayment on 50% Rule, first deal!
Hello,
I am getting all the numbers gathered for my first deal, rough total purchase price to be about $110,000 on a duplex. I will need to make some repairs to the foundation and replace the carpet in the entire hou...
Joshua D.
Single Family Homes or Multi Units. My Business Model is SFH's.
So me and my wife started are real estate business about 3 1/2 years ago. We have 1 duplex and 13 single family homes. We are in Debt around $350,000. With Property Values if we sold all together would be a safe $1,0...
Christopher Reynolds
Using my 401k to purchase real estate? Who to contact?
Hello everyone! I have a 401k with a company I work for. Although my career used to be with this company, I have started a contracting business in the last few years. However, I am still employed by this company on...
Chris Nerio
1st Rental Purchase, Buying Fourplex
Hey everyone, I'm looking to possibly put an offer on this deal for a fourplex in St. Louis. Purchase Price: $225KDP: $45k (20%)Annual Gross Income: $27,060Total Operating Income: $27,648 (less vacancy at 4%)Total Ope...