Jonathan Newlin
Should I withhold from contributing to a 401K for now?
Hi all! I am just starting out in REI and am looking at every option of saving and building capital to invest. I am 25 and contributing around $100-$200 a pay period to my 401K. I have only begun contributions last ye...
Nathan Shankles
Can I transfer a house I own to an LLC?
I have an SFH and a duplex as rentals, both with mortgages in my name. I want to protect myself and my family from lawsuits and was told by a friend to start an LLC and transfer the properties into that LLC. Since I h...
Graeme Ford
Crazy Tenant = So Much Damage
Hey BP! not having much luck getting responses in the forums, but I'll keep trying. I have been thinking about the worse case or "nightmare" tenant situation. This of course involving extensive amounts of purposeful d...
Shil Shirol
Where is the Austin market headed?
I am looking to close on my first rental duplex in the austin area. Its slightly under the 1% (0.84%) rule from a rental income POV however one of the units has a long term disabled tenant and is in pretty bad shape. ...
Roberto Santana
Jump right in or pay off Debt
Good day BP,So I searched the forum and found a lot of good subjects with advice but it wasn't really geared to my situation. If I missed it I would really appreciate someone pointing me in the right direction. Future...
Mohammad Haidarasl
Where to get intricate details of property?
Basically the issue I have is I am analyzing properties to use on the rental calculator as well as the fix and flip calculator on BP. There are a lot of things I don't know the answers to, and that aren't listed on th...
Anique Akhtar
Whole Life Insurance during Covid and Inflation
Hello,
I don't want this thread to become another WLI vs REI. I have gone through the previous post and I understand why some people like WLI and why some people despise it. My question was whether it is specifically...
Ashley Jones
What’s the exact term for this violation & possible outcomes?
I have a crappy upstairs neighbor renting the unit above me & I own my downstairs unit. So far, the tenant has gotten 2 noise violations & the last one resulted in a $100 fine. Now, she has this guy that has b...
Robert N.
$5,971 in closing costs/fees on $36,000 loan?
Hello all,
This is my first question posed on B.P.! My question is simple. I am set to close on a property this month (a triplex). The purchase price is $48,000 with 25% down ($12,000). So my loan will be $36,000. H...
Richard Rinehart
Peter Harris Multifamily Apartments
I'm at North Seattle Community College all day for a Peter Harris, Commercial Property Advisors, boot camp. I have been a student of Dave LIndahl (best $1,000 I ever spent) and was at REAPS listening to Anthony Chara...