Becky Watkins
LLC Setup - Legal Protection
We're working on setting up our LLC and need an address and agent for service of process.
Our CPA suggested we looked into virtual offices. We did and they are about $80-100 a month. That seems like a lot just to p...
Baron Wheeler
Need help weighing pros and cons of next step of my investing
I currently have a rental house in Woodland Park, Co that we have owned for 6 years and have rented for the past 3 years. The house is paid off and was purchased for around $350k and current value is around $500-$550k...
Chris Lambert
Keep renting it or sell it?
Hello BP,
I am still new to BP and this is my first time really seeking advice.
I have a rental SF home in Virginia. The home has a positive cash flow of $200/month and I have excellent tenants who treat the home as...
Sam Bauman
Multi-family with my brother?
Hi everyone! Big fan of BP but new to the forums. I am just starting in my career and in my fascination with househacking.I have a question regarding buying a duplex: Given my circumstances -- should I go in on a deal...
Andre Crabb
Is this possible in Miami?
Hi all!New investor here looking (hoping) to invest in Miami for my first property, if the numbers can work out. But can they? Two properties by the end of 2018 is the goal! Here's what I'm looking for:I'd like a 4-pl...
Cory M.
No W-2, Looking for Loan Options
I'm an American living and working overseas. My job has steady income, but no W2s and no pay stubs. I recently bought my first investment property with a conventional loan, but the lack of W2s and living overseas made...
Karen M.
How do YOU view debt???
Hello all you smart BP people!I have a question for today: How do YOU view debt? Here are some sub-questions that you can pick and choose from to add to the conversation:--> What are your personal "rules" abou...
Account Closed
Realtors loaning commission @ 2.25% rate post closing 2nd mtg
Anyone ever heard of Realtors loaning the commission @ 2.25% interest rate as a Cash Out 2nd mortgage above 97% CLTV post closing? Example: 500,000 purchase x 3% $15,000 commission- 5,000 for tax realtor has t...
Austin Sisk
What would you do with $200k?
If you were to wake up tomorrow with $200k, what would you do with it to generate income and set yourself up for the future?
Allison Escovedo
Should we close on this 4 unit?
We are under contract for a 4 unit apartment complex in Taft for $170k.Each unit rents for $575. Currently, there is 50% vacancy. It was advertised as fully occupied. I talked with one of the tenants who has lived the...