Cody Jensen
Made An Offer On A Tri-plex, Now Im Debating ....
Hi Everyone,What a week is has been. I just made an offer on my first tri-plex. I just looked at it yesterday and it's in good shape compared to what I've seen. Now, For some reason I'm getting worried about the numbe...
Shao Ya Xu
Bulging drywall, should I still buy? My 1st rental
Hi everyone, I am in the process of buying my 1st rental property and just finished with home inspection. The only thing that worries me are bulges on the drywall at three different spots cause by leaks. Two spots are...
Kevin D Hooks
Self Directed IRA - confused on the legality
Hello, new to the forum. I have a situation where I would like to open a self directed IRA and have contacted a few of the online players and am getting a mixed message, some say it's possible some say no way Jose'. ...
Tyler Bodi
Is this a Deal in Louisville, KY
Louisville, KY investors is this a deal?I have a 2 bed 1 bath 850 sq ft house under contract in Shively 40216.Purchase price of $50,000 and an appraisal of $74,000 (67.5% LTV) . The house needs minor cosmetic upgrade...
Thomas Giganti
Painting after tenants move out
How often do you repaint after tenants move out? I have a college rental that was recently renovated with the whole house being repainted. The tenants are in for a year and then new ones move in. Was wondering how oft...
Whitney Breedlove
New REI in Houston area
Hey everyone! I just wanted to introduce myself to the BP community. I'm looking to get into the residential REI market here in Houston, TX.I purchased my first property 1.5 years ago (my residence) in Pearland and ha...
Steve Podwojski
Can you go from an LLC Partnership back to a sole owner LLC
I have owned a LLC partnership for 6 years in Maryland that owns rental properties and filed tax returns. If I convert it back to a sole owner pass-through LLC will it spark an audit?Also, can I set it up so that my ...
Nathan Gesner
CONTEST: Dirty Toilets
CONTEST OF THE DAYDirty ToiletsNew to Landlording? Urine for a treat! Experienced Landlords deal with crappy tenants that piss us off by leaving their (tread) mark while they sneak out the back door. This is an opport...
Lee Ribeiro
Cash out refinance Vs. Portfolio Loan Help?
Hi BP community! Have an interesting situation on my hands and I think I know which direction to take, but I'd love the opinions and thoughts of the community to help guide my novice self!Situation:I am buying a prope...
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Newbie in Dallas/Fort Worth area
Thanks in advance for this fantastic forum! I can't wait to continue reading. I've already spent hours tonight!
Here's my situation. My wife and I both have good jobs. As we all know, that can always change in to...