For those using a LLC to acquire fix-and-flips, wholesale, or deals you don't anticipate holding long term:Are you utilizing your home address or a virtual business address?Are you representing yourself as a Registere...
Hi. I have a private lender willing to loan us some money. I approached an attorney to draft some documents for us and provided the collateral details. However, she said she cannot because the interest rate being char...
Hello!I am a first-time homebuyer. My wife and I are working towards owning our own rental properties and have been wanting to house hack. Our financial situation has been scarce as over the past two years I was worki...
I have some residents moving into a duplex that is in a downtown area. They would like to install a ring doorbell system. Overall the residents are the ideal people but are just concerned with security do to busy stre...
So I have a cottage I was looking to lease and ended up putting two guys in it who are friends. Guy #1 moves in and shows his dad from out of town where he‘ll be living who is in town for Labor Day weekend and to clea...
Hi BP! I'm attempting to solve a challenge. Currently we have 20 units, all needing mowing/lawncare.Currently I have about 6 companies handling this because the units are spread throughout the Chicago suburbs. Althoug...
I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses. I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...
Good evening BP. I have a few questions that I'd like to bounce off of the community regarding a couple properties that I have under contract. 1) Do I have to honor the full terms of the lease or am I able to move ...
My brother and I are looking to purchase our first rental property. A house we are looking at is not listed as seller financing. However, we are hoping the seller would go for the idea of seller financing and we will ...
This is my first post here. I'm currently learning everything that I can to start accumulating my own wealth in RE investment, however this post isn't about me.
Let's say that "John" (age 63) has $1,400,000 ...