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I leverage my Life Insurance cash value in a couple of different ways with an LLC, and I have some questions about active vs. passive classification on the deals I'm doing.
I take a policy loan personally, and then I...
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I need some serious help. I am new to real estate investing. I bought 2 homes from a wholeseller, one for a flip and one for a long-term rental. I went with a contractor they recommended and said other investors had u...
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So I have a rather tricky situation that I need to resolve at a rental condo. I own one of the units out of a total of eight in the building.There is a copper drain pipe leak inside the common wall between my unit an...
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Hello BP!I'm pretty new to BP forums, and so far have just posted in the "Welcome to BP section". Thanks for all who welcomed me by the way!Here's our situation: My husband and I just purchased our first home (in sout...
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Hello BP community,I've had a terrible experience with a PM company in CO. They approved a tenant in Dec. 2023, with 4 prior evictions (latest being in 2018), and some other misdemeanors, and the PM ended up evicting ...
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I'm doing my research and I came across wholesaler who said if the buyer is requesting an inspection, they aren't a real buyer, probably just a wholesaler trying to scope the competition or lock up your contract. I'm ...
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Here I sit, working a Master Lease Option on a 60-unit. It's a decent deal: $50,000 to hold it for 3 years. It's mismanaged and has upside. Needs a minimum of $300,000 to get it from a C to a B. In other words, I will...
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BP Community! I just closed on an 8 unit this month putting only 6% down on the deal. I expect my cash on cash return to be over 90%. Ill detail the information below. Please reach out to me with questions as I love t...
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Hey Everyone, please tell me if I'm crazy or reasonable. I completed my first rental (duplex) deal and have it rented as of March 3. It cash flows at $650 a month and yes that is with 25% set aside for cap-ex, repair,...
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Hello all, I have been renting my first property for about 5 months now to a section 8 tenant.
This property was my personal home for about 5 years and I decided to rent out and test the landlord setting out.
The h...