Good evening! I am waiting to take my licensing exam and deciding on a sponsoring broker. I talked with one tonight - we went over commission, office fee and start up fees.Doesn't seem to unreasonable - small monthl...
Hey all..interested to hear some discussion surrounding the recent BP Podcast on Asset Protection (the "YOU WILL GET SUED" issue)So far I have 7 rental properties all multi unit having several units each, and they are...
This post is meant for my accounting colleagues - an invitation to debate, basically.Let's consider scenarios.1. (clear) You buy a rental with a $100k loan. Two years later, you refi into a new $100k loan with better ...
Hey everybody! Quick question for you guys -So I know this isn't a new idea, and it's been floating around in my head for a while, is there a need for a good virtual assistant for vacation rentals? I'm talking about a...
Hi All, looking for some feedback on my potential first office building purchase. The Property: 1) is 100% occupied with about 15 tenants (of all sorts) 2) has a cap rate at about 8.0% at last ask. 3) is 3 stories is ...
Hi everyone, new here and am really looking forward to hopefully investing in RE but want to make sure it could really happen.
Here's the deal, I moved to Green Bay about 3 years ago but have been an hvac mechanic f...
I am very much an aspiring investor in Grand Rapids and West Michigan and am checking off my list of needs (CPA, PM, capital, lending etc) but one area that keeps tripping me up is asset protection (i.e. umbrella poli...
Good afternoon, BP.When you start out and buy that first duplex (or other multi-family property), would you rather A) save enough in your reserves that you're covered for at least 6-months' worth of lost rent? or B) u...
Hello everyone, I hope everyone's investments are going according to their desired plans. I am having a tough time understanding this seller finance strategy someone shared with me. To summarize, I'm looking to acquir...
I have a small portfolio of rental properties in Columbus, Ohio. I am looking to expand my portfolio in the near future, and will likely get to the point where it makes more sense to hire someone else to do the prope...