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Hey guys, I’ve been buying and rehabbing houses since 2019. We currently have 10 single family properties in the best school districts and we self manage. We screen heavy and have never not got paid. I also work as a ...
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So I know this a long running debate about whether a LLC is worth the trouble particularly due to the well known issues of getting conventional financing for one. Many people passionately encourage having every proper...
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Hello Everyone!I know that a college education isn't exactly necessary to get started in REI, but I am currently on my way to getting my degree and figure I should go for something that would help my endeavors in real...
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A recent thread pointed out the need for an Operating Agreement which led to maintenance rquirements of an LLC.
Not only do members need to have an Operating Agreement but the corporation needs to be maintained.
Min...
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It's technically legal in WA to grow it with a medical card which he says he has and would gladly show me. I don't know what the effect on insurance would be or if they can prohibit it. He is offering to pay higher de...
I got a call the other day from a cost segregation firm. He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year. This is due to taking advantage of bonus depreciati...
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Concealed carry and gun laws are becoming growing topics. With that being said, should a landlord of a multifamily unit (5 plus units) make his/her building a Gun Free Zone (if the state law permits)? Should the lan...
Hey guys,I am currently in the process of closing a mobile home park with 11 lots. I will be renting out lots to tenants, and I only own one trailer in the park. I pay the property taxes, and tenants take care of main...
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Hello BP members!I'm hoping to get some answers to the following PM questions I have, any insights would be greatly appreciated!1. Are most PM making mortgage payments for the owner; what percentage of owners have yo...
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Hey guys, we’re getting ready to have a decent amount of cash that we’re planning on buying a property with. We also own a couple of coffee shops.
We have been thinking about buying the strip mall one of our shops i...