Omar Shahid
Hold or Sell Aurora, CO rental in SE Aurora 80016
I currently own a rental in the 80016 zipcode in Beacon Point close to Southlands Mall area, which is 4 bedroom 3.5 bathrooms, 2600 sq feet . I am debating on selling this or holding it. I purchased the home for $33...
Jonathan Boyd
Buying house from incarcerated seller
So a lady called me from my DMM letters trying to convince me to buy the vacant house next to her. Apparently, the lady is part of the neighborhood "Busybodies Anonymous" and has the latest scoop on everything! (Ok, a...
Erik Johnson
Keep 3.375% 17yr mortgage rate or tap $300k in equity for RE investing?
Hi,I am living in my primary residence which was a house hack we used for a while with a mother in law suite. We've refinanced the home and got down to a 3.375% interest rate for 20 years (3 years ago). I want to get ...
Brian Cain
Portfolio Growth and Generational Wealth Creation
Hello BP friends. I would appreciate an expert's opinion about a fortunate situation I'm in. I'm starting my own family-owned real estate investment company. To summarize, I want my entire family to be a part of this ...
Lauren Pedro
General Journal Entry Sale of Property (Fixed Asset)
So I have a settlement statement where we sold the property. I know that we took a loss on it but I am having issues with the journal entry. So we sold the property for $1,050,000.00 and bought it for $1,220,000.00 ...
Justine Scheuher
Selling Primary Residence, Help!
After owning my house for 2 years, I'm ready to sell and move on. I bought before I new about BP so I want to start over with a house that fits my needs better. I don't want to rent it because I would be breaking even...
Paul Parker
Land Banks.... Good or Bad for RE Investors
Are Land Banks The Governments way of geeting involved in Real Estate investing?.....There are 170 communities now operating formal land bank programs across the country as of date in the United States. There are 13 s...
Alon A.
LLC in same state of property ?
Hey guys I have LLC in texas and I bought property in Florida , should I open new LLC in Florida or I can use the one in texas ? I can just register the LLC in Florida right ? I wanted to know the disadvantages of no...
David Franklin
Raising rent on renewed leases.
I was reading a post on Facebook about terms in a lease. There were a lot of comments about raising the rent on every renewed lease. My question is if your taxes didn't go up nor your insurance and there was no other ...
Kenton C.
Threats to property owner
Hi BP,Question about owning buy and hold single family homes. Is there such a thing as having too much rental property as passive sources of income? The reason I ask this is I am wondering how macroeconomic conditions...