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I'm working with an investor who's holding an unlisted 6-plex with great cash flow. I can pick it up for roughly 75-80% LTV. My challenge is that all of my capital is tied up in other deals/reserves, leaving me with l...
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Hello;
Wondering if someone can shed some light on the personal liability protection when forming an LLC. I am comparing forming an LLC VS forming a Sole Proprietorship.
I believe that forming an LLC protects a per...
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Hello BPers! I've been following posts for about 6 months now but am just now seeking some assistance. Last week my husband and I closed on a REO house we are planning on rehabbing and living in for 2 years. This morn...
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Hi BP nation! Would like to ask for some advice on a deal in the works - 12 unit multi-family in the Tokyo area in Japan.The building is a reinforced concrete (RC) structure, which is common here due to earthquake cod...
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Yesterday one of our tenants notified us she'd be moving mid-July. The unit is a large second floor 1 bedroom and is the only unit that has access to the attic. The attic has stairs going up and is approximately 500 s...
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Hello BP Fam,I am a new investor looking at what could be my first deal. The property is a 2bd 1 bth shell in Philadelphia, the seller was asking $26,000 I was able to talk him down to $18,000 due to repair cost and a...
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Hi everyone! I'm a newbie currently doing a house hack. I'm hoping to continue investing and would like to use rollover funds from a previous employer to a self-directed solo 401k for the purchase of my next propert...
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Just received notice that my tenant will be moving out of a rental property. Its been almost 10 years since I’ve had a tenant move, so need a bit of a refresher/guidance.Is a move-out inspection is necessary to do wi...
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Hi, as the title mentions we got a new tenant and a month ago and she saw a Silverfish bug once and asked us to get an exterminator. We kindly replied that these bugs are harmless and that if she saw one it’s not that...
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This is more of curious question, not a real issue for me.
What would you do if you were utilizing a sandwich lease option on a house and the primary owner went into foreclosure? Or if you are the renter and have...