Brendan Connolly
Possible issue with tenant/Security Deposit
Hi. I have a question for some of you seasoned and thick skinned landlords. First and foremost, I hope everyone is staying healthy and able to make payments or find solutions with the corona virus amidst. Anyhow, Ive...
Daniel Vincent
Prospecting the idea of becoming a part-time RE agent.
Hi everyone,This is my first post on any forum ever so here it goes.I'm new to the world of RE. I've recently read Rich Dad Poor Dad, Think and Grow Rich, and The Book on Rental Property Investing (In progress. About ...
Joey Fontenot III
Gas v. Electric Water Heater in Rental
Hey Guys
I am looking at purchasing a rental and was curious whether you guys preferred a Gas or an Electric Water Heater. I have read that the Gas Water Heater has cheaper monthly cost because it is easier to heat ...
Account Closed
1031 account company needed?
We are completing a 1031 exchange. First property in CA, 2nd in Houston, TX. Some friends say they have completed 1031 exchanges on their own and all you need is 'keep a paper trail of transactions'.However, given t...
Alex Tang
Security Deposit for Sellers who are temporarily renting?
When a Seller wants to rent out the home until their new place is ready, is advisable to charge them a security deposit? Since a walkthru prior to closing doesn't sound useful, would a security deposit offer similar p...
Brendan Anderson
House Hack/ First time rental
Hi, this is probably a very beginner question, but I'll aks it anyways. I'm looking for a house hack in my area and none will cash flow positive if I occupy part of the residence. Should I be looking for a unit that c...
Quintin Green
I created an LLC, now what?
Hey Yall, so Im a new investor in South Jersey and I just created an LLC through the government website and I have my EIN number. What are the next steps i Need to take so Im not taxed as a sole proprietor and that I ...
Jake Silverman
Will new water heater boost ARV
My Wife and I bought a rental property with the intent to use the BRRRR method. We have completed the buy, rehab, and rent portion. We are in the seasoning period to do a cash out refi. The property has an electric wa...
David Mo
My First Deal and What I Learned
I set a goal this year in my introduction post to own 1 property by the end of 2020. I purchased my first duplex some time in August and have successfully reached that goal. I wrote about my first purchase in the Deal...
Bruce Scannell
Buying without representations and warranties
Hey BP...once again, I've come across an issue I can't seem to find much on.I'm currently negotiating the purchase agreement for a 26 unit property from an older couple who also have an older lawyer. They are gun shy ...