German Tapia
Investing in Detroit
Hi Comunity!! I will be investing in Detroit. BRRRR, I will get 3 properties this year. 50 doors in 5 year plan. Looking to form a team. I will be in Detroit on March 13-17. If you have any info that can help that wi...
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
Account Closed
Pet fees & limitations
For those who allow pets, how much do you charge and how many pets do you allow? (Or if you have creatives ideas for pets will be welcome)
3 is the maximum of pets per unit & I charge monthly:
$30 ...
Brian Grainger
FL Panhandle Investor
Hello BP,Long time lurker, first-time poster. I'm Brian Grainger from Panama City, Florida. My experience started when I was a child, my father would take me to the 38 units he owned to work on maintenance problems. I...
Devan Mcclish
Always something new in this business
I'm wholesaling a house right now. Picked it up for 35k, wholesaled it for 45k almost immediately. Sounds great right? Not quite. The owner lives out of state. The property is currently occupied but not by paying tena...
David Parnell
Refinancing when property is owned by an LLC
Are there any issues that I should be aware of if I purchase a property with a full-cash purchase into an LLC, with the aim that I will refinance it later? Will the mortgage issuer for a single family property lend wh...
Layton Wyatt
ISO Rent collection/managment software
First time landlord here. Under contract on two out of state single family rental homes. Looking for advice on payment collection/managment software. I hear a lot about rent redi on the BP Podcast. Some of the reviews...
Zak Dolak
Choosing a HELOC
Hey guys,
Question, I want to get a HELOC. I’ve checked into my Credit Union and Primary bank. The CU offered me $200k, interest only or principle and interest payments. First year a rate of 5.24% and after that it’s...
Account Closed
Covid-19 - does it hurt or help Short Term Rentals (STR)
Our company has been managing STR properties (Short Term Rental) and working on adding additional properties to our portfolio. We are reviewing and watching the trends / changes in this Covid-19 environment. We believ...
Scott Upshaw
Tracking down a property with a deceased owner Help needed
Hey all. Have some questions about a property around the corner from me that I need some advice on trying to aquire it. I will list the steps and some notes of what I have found out and maybe somebody can steer me in ...