Drew Steinman
Help Me Analyze this Apartment
I know the owner of a 12 unit apartment and have approached him about selling it to me. Would love it if anyone would help me with what they think it's worth. Here are the details:Where: Toledo, OH (near University of...
Rich Hupper
Possible Sub 2 Deal? Can someone advise?
HelloI found a homeowner who bought a 2 family back in 2003 for 225,000. Due to poor management on their end they have defaulted on two mortgages.I believe both of the mortgage debts combined equal roughly 215,000. AR...
Christopher Erwin
How My Burst Pipes May Turn Into a 40+% CoC Return!
Re-Post from my BP Blog --> My recent tenant mishap led to burst pipes and thousands of $$ in plumbing, carpet, paint & cleaning. Worth it? 100% IMO...read on for why! All feedback is welcomed and encouraged.--...
Kenny Augenstein
Ready To Roll
Hey everyone,My first post on BP, I have been looking at dozens of neighborhoods in so many states to try and find a rental property. I feel like all I am doing is dragging the map on Zillow all over the place. I am n...
Account Closed
When to File Bankruptcy?
I never thought I’d be in this position, but here I am.
So, I have a few rental properties, but the utilities, taxes, and insurance were all triple the amount forecasted. Over this winter, the utilities drained my a...
Chris Nowlin
Lease-Purchase: Becomeing a 2nd Hand Lender
Lease Purchase Example- $100K Home w/ 10% down.I'd like to work close witht lenders and have them refer me there "top reject" prospects. Ones that have the financial credibility, but are just short on their credit sco...
Doug Webb
Anyone here hold apartment building in personal name?
Hi everyone. It's looking like 2018 is the year I pull the trigger on purchasing a multifamily. I understand the the pros and cons of holding a property in an LLC - better asset protection should there be a lawsuit ...
Matt Wan
Getting a mortgage as a non-resident US citizen
I want to buy an investment property in the United States. I have a good credit score (791 based solely on credit cards) make almost $200,000 per year, and have very healthy investment and retirement accounts in Ameri...
Shawn Dandridge
LLC For Every Property
I plan on buying several properties for rent and fix and flip soon. The main thing I am running into is how to structure the company for rentals. I have heard I should put each property in its own LLC and then I have ...
Diane Tycangco
Wyoming LLC owns CA land trust, lawsuit is in CA, how does Wy LLC protect CA property
Hi everyone, I am contemplating asset protection strategies for my California and Memphis properties and a real estate guru says to hold the California properties in land trusts owned by a Wyoming LLC. This WY LLC wo...