Tyler Neison
Open LLC for first rental property?
I just put my current house (call it 18118) up for rent and am receiving applications from prospective tenants. I have a mortgage on the house in my personal name as it is currently my personal residence. I am moving ...
Brendan Illies
To form or not to form. That is the question
Hello! As I begin my SFR journey I'm wondering whether I should form an LLC or other legal entity that would help protect my personal assets and/or provide tax benefits. There also seems to be a non-insignificant cost...
Raegan Wall
RV Park Developement
My family recently purchased a RV Park and Marina that had been abandoned for many years. After a lot of time and investment in new infrastructure we are finally ready to start renting RV sites. My question is what ...
Andrew Schwartz
Vacation Rental with Vehicle Rental
Hey everyone,My business partner and I are looking to expand our portfolio with the purchase of a vacation rental. Does anyone have any experience with owning a vacation rental AND providing a vehicle for rent along w...
Andreas F.
Pre-Rehab property in Indianapolis
Hello all,I appreciate if you can give me your assessment of the below deal.An RE company is offering beside turnkey properties also (as below) pre-rehab properties. This means I buy in the distressed stage, they do ...
Account Closed
Homesearch Auction
BP,
I'm looking at purchasing an REO going to action on Homesearch.com. It's a 4/4 duplex that will need some moderate rehab work done (about $37k), but it's on a pretty decent block. I'm confident in my ARV calcul...
Matt Bailey
What does a cap rate of 7.9% tell you about a duplex?
What does a cap rate of 7.9% tell you about a duplex?How do you use this information?thank you
Haney Mallemat
Estimating expenses on 10+ unit buildings
Hi BP,When you are determining a potential investment property where there are more than 10 units, what % do you use for monthly expenses such as: 1. CapEx2. Maintenance3. Property managementI know these are variable ...
Cesar Garcia
possible deal? advice on structuring it.
I have been in this business almost 3 months now,and I think this is deal I've been working has a lot of potential, The owner does not need to sell but he decided he wants to partner up to rehab the house, and I was g...
Paul McCormick Jr
New Guy from the Delaware County, Pennsylvania.
Hello everybody,My name is Paul McCormick, I am from Highland Park, PA, a suburb of Philadelphia. I have recently attained my CPA license, I work as an accountant for a commercial insurance company in Philadelphia. I...