Raj G.
Lending with or without LLC-Pros and Cons
Hi,
I have been doing private lending at small level with my own money that me and my wife earned.
I was doing on our own name, no LLC involved.
Now I was thinking opening a LLC.
Just need opinion what are pros an...
Hares Najand
Concerns with Property Management in Chicago Area
Hi BP community,
We currently own several Section 8 rental homes in Chicago, Markham, and Country Club Hills, IL, all managed by the same property management company. While they are good communicators, experienced wi...
Noah Willard
Should I rent to a tenant with a medical issue?
I have a possible tenant who meets all the requirements but they have mentioned they have MS and that they have had trouble renting due to this. Are there any issues I could run into by renting to this person?
Justin Spruell
How to go about purchasing an investment property out of state?
Hello everyone. This is my first post on this forum. My wife and I live in Wa state. Currently trying to sell our house and are interested in using the profits to place a large down payment ($80K) on a 4 plex in the P...
Dustin Palls
Found a Fannie property I want, possible"Meth Lab"
I found a great deal on a Fannie Mae property. I am concerned because both neighbors mentioned "there were lots of drugs done in there" when I visited the property. All of which is speculation, so I decided to contact...
Jonathan Dickerson
Back Rent Collection From Vacated Tenants
Short version: 4 adults (family) rent our Townhouse on a 3-year lease. "Bob-The Son" gets hooked on heroin, vacates the property, returns to steal everyone else's stuff to pawn for drugs, gets arrested and goes to jai...
Aaron Bostelle
Nowhere else to look or start...
Hello Everyone,I've been thinking of integrating a rental property into my income stream for a few months now, and it seems that a unique situation has appeared that I may be able to take advantage of. Currently I run...
Peter Bui
Vacant Homes, driving for dollars in OC
So what exactly is a “vacant home?” Is it exactly what it sounds like? How will I know that it is a vacant home, will it have a sign for sale in front of it? Or will I have to do some extra research ?
I ask because ...
Paul Jamgotch
SDIRA Fees: These Seem OK?
$50 – application fee
$525 – annual administration fee ($90k-125K)
$95 – transaction fee
$30 – wire fee
I plan on funding 1-2 flip projects at a time (I'll be hands off other than visiting p...
Jon Dorsey
Property Basis for Depreciation
How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a multifamily at an incredible deal, way unde...