Cynthia Miller
Do you use LLC's for your rentals? pros and cons?
Do you recommend forming and LLC for each property separately? Is it worth the cost? Also, am I correct if an LLC is registered in a state that has no state income tax I won't have to pay income tax on the rental in...
Brian Kwan
How to Calculate Cash on Cash for HELOC?
Hello,There's a duplex that's going for $250k, with gross cash flow at $1900. Vacancy at 7% ($133), Insurance $70, Maintenance / CapX at 7% ($133), Taxes $75. I've got a HELOC that lets me borrow up to $63,000 at a Va...
DG H.
Lease term, price or deposit?
In my small town rental pool...it's common for tenants to sign a year lease and leave before the lease is up. I've gone to court, etc and all story short it cost me a lot of money with no recourse on the past tenant....
Chris Abislaiman
Using VA Loan Repeatedly
Hello all, new to the Real Estate world, only one SFH under my belt (which I’m currently living in.) Both my wife and I are active duty military near Colorado Springs. I just used my VA loan for our current property. ...
Donald D Michna
Setting up a corporation for note investing
I have been doing research to set up a corporation. I think that an S-Corporation would be the best setup, but I see that no more than 25 percent of the gross corporate income may by derived from passive income. I als...
Michael Choi
New Landlord-Tenant leaves for vacation without paying rent.
Greetings,I've recently purchased a multi-unit apartment in Los Angeles County (No Rent Control) with intention of living in one of the units. The only unit that was soon expire had some delinquent payment history (t...
Ray Malave
Buying Properties with HOA fees
What are your thoughts on properties with HOA fees? I'm looking at a 4-plex that has a $37 per door HOA fee.
Devonte Moericke
I am finnaly putting the React System to rest (Enter if you dare)
If you haven't see it by now there is a system out there called React. Reverse Engineering Assignable Contract Terms. Now when you first watch the videos of the React system you might say Heck no this can't be right. ...
Azeez K.
MF Deal Analysis Help: 32 Units in Cobb County, GA - Would you do this deal?
Dear BP Community and MF Guru @Joel Owens I need some guidance from our experts on analyzing the deal below. By the Numbers:A.Property Information:a.# of Units - 32B.Rent Revenue Assumptions:a.Monthly: $15,200 (Avg Re...
Ben Lukes
Good Deal? - Tacoma 4-plex
Hi everyone. I'm in the middle of closing on what would be my first property, a 4-plex in Tacoma...but the cash flow is looking pretty tight. I'd love to hear your thoughts on it before I close. Inspection has been...