Spenser Harding
Tenant prepay lease 10 years!!!!
I have a small multi I am looking at purchasing where an older woman with M.S. wants to prepay 10 years of rent for $40,000 upfront. She wants the simplicity and stability over the long-term. She likes the place and w...
Patrick Boutin
Does this BRRRRR strategy make sense or am I missing something
Hi guys,I would like to get your advice on a strategy I have been thinking about for the last few weeks from reading discussions, listening to podcasts and seeing how my local market is.Thank you in advance to all of ...
Brian Winkler
LLC within my IRA
Hello everyone. After years of stalling, I've recently taken the plunge.. Appreciative of all the advice and information the BP community provides and suspect I will be spending my nights reading as much as I can...
Rick Bassett
Any luck collecting from former tenants?
I've been of the mindset not to waste my time chasing pennies from tenants that move out leaving minor problems but in the past year I've had 2 tenants that have moved out & broke lease early that have cost us $5k...
Aaron Law
Best use of funds from business sale
Hello wise investors.Hoping to get your opinions.I may have an opportunity to invest a very sizeable amount of money from the sale of a business and want your thoughts on how I should invest it. I will still continue ...
Sharon D.
Financing options: plenty of cash but income issues
I found a FSBO and am preparing to make an offer. Asking price is $65k and I have $40-45k cash available to put into it. Question is, how do I finance this? I would love to put 50% down and get a 10 year mortgage f...
Jim Halpert
Sell for a gain, or rent for passive income ?
Hello, have been lurking the forums for a bit , decide to make a post. I have owned my house for a year now. Been renovating it to the point where I have somewhere around 30k in equity in the home. I currently live th...
John Voychick
LLC taxes. Do i need to open out of state LLC?
I have read a lot but am still unsure. I live in California, investing in Florida. Which state to register LLC in?I will be flip and sell and flip and hold. I have a regular w2 day job making 90k.How will LLC help my...
Pandu Chimata
Taxes due during escrow or year end
My Partner and I purchased the property in 2016. After renovating it we rented the property for one year. Now it is in escrow and expected to close in May. We made some profit in this transaction. Would I be declaring...
Justin S.
The BRRRR Method...what are the rules?
Hey everyone. I have a question/situation that I'm hoping I can get some guidance with. I bought my house in 2015, with the intent of one day turning it into an income property. I put 20% down to avoid PMI, with the h...