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Unexpected Capital Improvement
I have not run across anyone talking about building or having a reserve fund for a property. What is The recommendation to accrue and pay for a unexpected capital upgrades, i.e. furnace, roof, sewer, parking lot, wind...
Jessica Santiago jones
How do Investors who Invest outside their area choose?
I work with several Investors who are out of state and out of country. I just wanted some insight from other investors as to how they choose the areas outside of their own.
How far out do you go from your current are...
Cynthia Miller
Do you use LLC's for your rentals? pros and cons?
Do you recommend forming and LLC for each property separately? Is it worth the cost? Also, am I correct if an LLC is registered in a state that has no state income tax I won't have to pay income tax on the rental in...
Johann Jells
Commercial property insurance cancelled for ivy on building?
Our insurer for an urban, commercial multifamily inspected our property and sent a cancellation notice pending correction of a laundry list of BS, including a sidewalk with a 1" max lip and Virginia Creeper on the sid...
Manuel V.
Rentor wants to pay a full year, currently on month to month
Hello Everyone, I am new to BP and currently trying to go through the entire podcast series. I have a single family which I'm renting out through a Month to Month agreement and have had it rented for 1 year so far. Th...
Tim Addai
Best ways to collect rent
Hello BP family, what have you found to be the best way to collect rent? I'm closing on my first deal soon and currently some of the tenants have paid cash through PayNearMe. But that service is not available to sole ...
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How does a self directed IRA work
If I roll $100k into a SDIRA, can I buy a $50k house for cash out of that account and have the rental income put directly in the account? I realize this is probably much more complicated in reality, but I thought...
Ryan B.
Why a business line of credit?
Forgive my ignorance, but I just want to make sure I am thinking correctly.
I have a home equity line of credit that is open and I can draw cash from whenever I want, is a business line of credit along the same theor...
Ravshan Iskhakov
How do you personally manage your property?
Hey Guys,
As part of DIY discussion, how do you manage your own property and why (or why not) you prefer (or do not prefer) property management professionals to handle it?
Do you use any property management softwa...
Jack Soluyy
NEED HELP!! RESIDENTIAL LENDERS
Hello fellow BPers, heres the scenario:I want to get a mortgage for multifamily property. I am self employed, I claimed unemployment since march of last year (2020). I’m unsure as to how this may help or hurt me. I li...