Carrie Giordano
How do you factor inspection costs of unbought homes?
Hello,How do you factor inspection costs on unbought homes. I've backed out of two deals this year when the inspections showed too many unknown issues. I pay for it out of my "real estate reserves" so do I count that ...
Brad Norris
Business filing and bank accounts for partnerships
Hey BP Nation,Longtime viewer, first time poster.My partner and I just closed on a duplex in Chattanooga, TN. I currently live in Chattanooga and my partner lives in Portland, OR. We're wondering the best way to set u...
Alex Rodeberg
Does hiring in-house management make sense for small investors?
My father and uncle own 124 residential units with cashflow around $520,000/yr. This isn't including a management since they currently do it themselves. They are now looking to wind-down and focus on commercial proper...
Joe Geist
asset protection vs better deals
How do you guys protect yourselves against being sued? did you begin investing without LLC then move properties into LLC later and risk DoS clause? do you have LLCs or do you use combo umbrella/liability insurance? th...
Nate Narcisse
Making The First Move. Thoughts?
I'm thinking of making my first few moves which are forming an LLC, creating a website, printing business cards, and attending REIA meetings. My end goal is to rent and own cash flowing properties out of state, howeve...
Sean Brennan
Partnering with a General Contractor
I just read a nice blog by Mike LaCava about flipping houses:
http://www.biggerpockets.com/renewsblog/2013/02/03/flipping-houses-with-no-money/
I found the idea of partnering with a General Contractor very appealing...
Pavlos Kasselouris
Logging a Refinance in Quickbooks Online
Hi everyone!I recently had a bookkeeper from India, setup QBO for my 4 rentals. Properties are under a LLC with a partner and we have bought, made capital improvements, cash out refinanced. I feel things got a little...
Buyan Thyagarajan
Deciding on whether to raise the rent or not for properties in DE
Hi Guys,I have a rental property in Wilmington Delaware which is a single family home for $1550 rent. My current tenant wants to renew the lease but says he will pay the original rent. I have new offers from zillow at...
Chen Avnery
Seeking Advice: Achieving Better ROI Than the 1% Rule in Real Estate Investments
Hello all,
I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacan...
David Stewart
My new Florida wholesaling business model
Anent many discussions of the legality (or lack thereof) of wholesaling property in Florida, here's my idea of a business model for wholesaling in Florida:1. Find properties through marketing means.2. Identify owners,...