Michael J Scanlon
Can i Wholesale on the MLS
I have a seller who is refusing to do anything except FSBO. He’s offering it at a very low price (mother passed and he doesn’t have the money to rehab it) and there seems to be a large margin there.As a Realtor, if I ...
Keith Meyer
Proper Configuration for Series LLC with Land Trust
BP Nation,I'm looking for some help on how to properly configure a Series LLC for asset protection with Land Trusts for anonymity. My understanding is that this is the best modern method for holding a portfolio of inv...
Zach Schwarzmiller
Raise Rents OR Split Utilities?
Greetings,
I owner occupy a Tri-Plex in Snohomish County near Seattle, Washington and have been there for 60 days now. I've had enough time to get to know the tenants - previously poorly managed by Century 21...
Heather Johnston
LLC versus S Corp?
Hey everyone,I'm a newbie living in upstate New York; I visited an accountant today to talk tax strategy. When I mentioned forming an LLC for asset segregation and protection, he said that an S Corp would be the way ...
Harish Maiya
ADU/in-law unit in Newark, Bay area
Howdy BP folks, I am firstimer, please bear my lengthy writeup.Need some inputs for deciding to build ADU unit in side yard of my house. Situation: Have a day job along with a kid. Cannot spend full time on the projec...
Angie W.
How do you respond to telephone inquiries?
While I know the information I want to know when someone calls about my property, I always stumble when first answering a call.
Me: Hello, How may I help you?
Caller: Yes, I'm calling about the house fo...
Kim Frantum
Bidding on tax auction property
I’m thinking about bidding on a property at a state tax auction. It’s a solid investment, Northern Michigan cottage with lake frontage. It will be a great STR for all four seasons or a quick flip depending on how high...
Account Closed
Hard Money pts considered part of closing costs or separate?
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
Chris Brenner
Rent to not ideal tenants?
Hello! My wife and I are new to the REI scene and actively looking to make connections, deals and grow our portfolio. We just recently bought a duplex and am owner occupying. The tenant side was already rented out and...
Wesley W.
Tenant respect
Hey folks,I'm new to the investment game and I've come across a situation I need some input from the current landlords on.I've got a tenant that has paid late each of the three months I have owned the property. As pe...