ARMON PHILLIPS
New potential landlord questions
Hi everyone,I've made the decision to rent out my first house, What are the most important things I have to do when qualifying tenants? Also, does anybody know good sites to do background checks/credit checks and wher...
Kyle Southard
Homeowner's Insurance for Rental Arbitrage?
Anyone have insurance advice for a homeowner who is handing his SFH over to a short-term rental property manager for a year?He's paying me $1840/mo plus security deposit with the agreement that he can sub-lease it via...
Carlos Mendoza
First Time Preapproval
Hello BP! I’m looking to get preapproved before starting my investing journey. I’ve secured about 50k via private money, which should cover a down payment for a single/multi family in my area (SW Florida). Only proble...
Brigham Pyron
Buying a Defaulted Mortgage to Fix & Flip
I have just found a guy who sold an inherited home with owner financing. The new owner stopped paying some years ago. The now mortgage holder has agreed to sell me the mortgage which I would foreclose then fix/flip....
Heather Hanoski
Quitclaim Deed for wholesaling?
I'm new to wholesaling and am near my first deal. The title company I called is asking if I will have a quitclaim deed, but after researching this, I don't see that I would in a wholesaling circumstance, being I am ta...
Collin Emerson Miller
How much do wholesale deals make on average?
Hey BP community! I am curious to hear how much people make on wholesale deals. The numbers I have come across seem to be around the 3K-11K per deal mark. Also, as a bonus, how much did you make on your first-ever ...
Benjamin Allen
Cost of Upstate NY LLC, and How can I do them myself?
Hi BP,I am looking to set up my first LLC per the advisement of my CPA, my attorney that does them, told me the cost would be around 1500, I also heard 950, from another attorney who still hasn't gotten back to me. My...
Shea Spinelli
12 Units/insurance estimates
We're in negotiations to purchase our first property and its 12 units on 2 acres, low to moderate income houses and duplexes. I'm trying to estimate insurance cost and the current owner has the insurance below value. ...
George Genovezos
Signed lease but tenant won't return it
Hi all,My wife went to our tenants to sign the new lease. They said they wanted to look at it. My wife had pre-signed the lease but didn't initial any of the pages. Now the tenant hasn't returned the lease back to us...
Barshay Graves
Creating LLC with & Members
Is an LLC the correct entity structure for a new partnership with as many as 7 members?