Chris M.
Changing from LLC to S Corp - How does it affect taxable year?
Hey guys, so we are changing our LLC to an S Corporation for our business entity type this year. We were likely going to do this in February of this year, 2018. My questions:1. Does changing from an LLC to S Corp affe...
Gail W.
How not to do buy and hold investing
This is a story of how to not stay in this business long. I have been investing in residential real estate for just three years and I have one property where I have done it all wrong. I am writing this as a warni...
Adebowale Asaya
Converting FHA to an LLC
Hi - I purchased a multi family with an FHA. I lived in the unit for over a year, and am looking to move and rent out the unit, and finally convert the building under an LLC. My mortgage company doesn't allow this. An...
Tereal Wilsonn
Selling a Rental in a LLC with Partners, 1031 exchange?
Selling a Rental in a LLC with Partners, 1031 exchange?Bought a home with family in 2013 for 5k in midtown detroit, we held it rented and now the market has turned and we have an offer of 150K, i have a huge stake in ...
Pearce G.
Need some advice...quickly
What do you do as a landlord when your PM won't provide a copy of the fully executed lease?Here's the situation. My first rental property. My PM was highly recommended by my realtor, and for the most part, she has b...
Jay Gray
Installing mobile home in residential area Vs. new construction of small home?
I was thinking about this the other daythere are tons of very cheap (sometimes even "free") mobile homes available from families inheriting them who basically just want to get rid of the monthly park fee (rent) ASAP. ...
Jeri Artal
Funding to Buy/Rehab for an Airbnb property
Ok Experts, I need your help.We have a unique opportunity to purchase a downtown property that would make a perfect Airbnb location. Large property with between $10K and $15K MONTHLY income potential. We have severa...
Andrew R.
Strategies to Re-fi a turnkey rental?
Since my turnkey rental was already rehabbed, I can't just fix it up and improve the appraised value quickly. So what's the strategy for how/when to refi a turnkey rental to get some cash out of the equity? Can I tak...
Rico S.
The BP Family is the best!
I have learned so much information and I can tell the difference! From the start to now the information has been great! The more you learn the more you want to find out more. It never ends, and I cant thank the BP fam...
Spencer Campbell
Yes or No?
I'm looking to get my feet wet in real estate investing. I ran the estimated numbers based on averages and came up with this. The asking price for the property is $71k. The property in question currently has tenants a...