Christopher Blanco
First Property, have LLC, what is the best financing strategy?
I am close to closing on my first property. I have talked to several (probably 15 or more) lenders. I have several options, including cash, to purchase my first property. My CPA is advising me to close everything poss...
Bryan Clement
Background Checks...... Uh, how do I do this
Hello everyone, rather new to tenant placing. I was wondering what services you all use to do background checks on a tenant? There are several out there and I want to make sure I use a service that is legitimate. Any ...
Josh Dillingham
Minneapolis Revokes landlords 42 rental licenses
Anybody looking for rental properties (or tenants) in Minneapolis? there might be a portfolio coming on the market...https://www.mprnews.org/story/2017/12/22/lack-of-affordable-housing-has-tenants-fighting-to-stay
Sam Hudacek
Short Term Rental investors in the Eastern South Dakota area?
How's it going BP!
I am fairly new in Sioux Falls, SD, I currently own one LTR and I am searching for more. I have recently sparked an interest in STRs utilizing AirBNB/VRBO. While searching for more multi-family d...
Sam German
Primary Residence. How nice should it be?
Hey Everyone,My wife (22) and I (22) own a primary residence in Blaine, Minnesota (large suburb 20 mins north of the cities) and recently purchased a rental in St. Cloud (1 hr NW of cities). I want to keep pushing, an...
Account Closed
Why I left Seattle - Rent Moratorium Extended - Jan 2022 & Beyond
Why I left Seattle - Rent Moratorium Extended - Jan 2022 & Beyond
There just is no sanity left in Seattle.
Seattle’s COVID-19 eviction moratoriums extended into January 2022 by Mayor Jenny Durkan
Seattle Mayo...
Kristina Pearson
The importance of a CPA with RE knowledge
I've been working with my current CPA for several years and have built a lot of trust, however, she's never worked with REI, rather entrepreneurs in almost every industry but RE. And after reading/listening to several...
Alex Huang
BRRRR and Holding Properties in a LLC
I am having some problems with the BRRR strategy, particularly with having my first property in the name of a LLC.It seems that the banks in my area won't (can't?) refinance the property unless it is under my personal...
Joe Splitrock
Do banks want to profit from foreclosures?
I am looking at investing in a bank owned property. It was last sold two years ago for around $150K and they were trying to sell it for $185K. The house is beat up and the appliances are all gone including the dishwas...
Jon Dang
Closing soon should I be worried? Vacancy? What to look out for?
Hello BP family,I was scheduled for a closing this Thursday. Quadplex: 2br/1bath, cost $211k, seller pay closing. C class neighborhood. Repair 5k. New roof. Older hvac 12 yrs old.Cash flow:600/month with PMHowever, th...