Hi Everyone,I am closing on my first rental duplex in mid-December located in an opportunity zone. I do not yet have an LLC set up for this property and it will be owned by my husband and me at first. We were planning...
Hi I am new to this site and I'm in need of advice. I have been contacted by an agent letting me know of two of her shortsale listing that she guarantee the owners will take my offer. I went to see the houses and s...
Hi,My sister and I own a twin duplex near Philadelphia, PA. The other (half of?) twin is own by someone else - and it's also a duplex, owner occupies one unit, other unit is rented out. Our twin duplex is rented out a...
So my father has been a landlord for about 20 years in Detroit, under his wing ive never once heard of a story like this Weve had a tenant in a house for about 5 years now, hes a decent tenant and he loved the house ...
I do not have the intention of this, it simply came up in a conversation with a new wholesaler. I also am not referring to POF "Letters", I am aware of how those work. Just would like fellow agents/investors opinions ...
I don't have much experience with tenant screening but I came across something today that I can't figure out.I pulled a credit report from TransUnion / SmartMove on a potential tenant. They recommend that I accept th...
Hello,
What are all my flippers out there using as their entity for flips? S-Corp or an LLC?
Can you list the pro and cons of each for this specific application (flipping)?
I have heard S-Corp you can potentially ...
I am surprised no one else posted on this today! This is some scary stuff.
It seems that non-disclosure to the respective lenders in short sales flips has already gotten the feds involved - and some investors will be...
I debated for several months whether or not to put this story up on BP... but I feel I would be doing a disservice to the BP community if I wouldn't, especially to all the wholesalers in the Oklahoma area. Several mon...
Hi everyone, I'm new to this forum and new to real estate house flipping. My friends and I (one is an broker, another is an engineer/construction) are starting a real estate investment company. We want to set up a fun...