Hi, first time posting here. A little story about me is, I am unmarried, and late 20s. I was fortunate to make about $750k this year and next year the expected salary is $900k. I have a 1.2M house with 25%-ish equity,...
Rich and a few others have posted on this already and I read through those threads already so please don’t cite them here.
Is there any value in setting up a series LLC from an asset protection standpoint? My un...
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
In Virginia, a property manager must have a brokers license.
What happens if your clients are okay with the fact that you don't have ANY license?
Do they throw you in jail for managing someone else's property?!
S...
My theory is if a tenant pays on time and takes care of the house, leave the rent alone until they move on and then adjust it for a new tenant.Have heard so many times from friends where their landlord raises it and t...
Hello, I'm looking for anyone's experience or dealings with Strategy Properties in Detroit. I contacted them and have not had the best response with them ever getting back to me. Just promises to call me back. And app...
I recently shared my story about how I grew my rental portfolio to 35 rental units and $10k+ in monthly cash flow in about 5 years. Here is the link if you haven't see it.Part of my strategy lately has been doing smal...
I currently own one rental property and planning one more by the end of year for cash. What are the advantages and disadvantages of doing this as opposed to financing.
Hello BP,
I’m a real estate agent and I have been one for about 3 ish months. I haven’t had my first deal yet. I’m struggling to work with my SOI since they are the same age as me (20) they aren’t looking for homes n...
HiI am a new land lord and facing a menacing tenant. This guys history checked out OK but his lies started from the time he said he will move in. Finally when I told him to confirm and pay the rent by 5th or I will re...