We had a tenant sign a year lease and move in on September 1st. They messaged us yesterday saying they’ve had a “drastic life change” and want to break the lease already. What would you do? Say no to breaking the leas...

Hi BP,I am interested with buying properties on auction.com. Does anyone know how this process would work? Let's say that I successfully buy a house on auction.com, would I need to reach out to an agent to finish clos...

Hi everyone!
Just wanted some opinions on my current situation. I have a multi -unit home just outside of Boston ( SUPER TENANT FRIENDLY STATE). I live pretty close to the home and thought hey, I can handle this hous...

You know you've said it, "I could write a book with all the things that have happened to me in my business!"In this business, you come up on all sorts of situations.  Some amazing, some heartbreaking, and some outrigh...

A lot of the time i feel like beginners lose focus because they're "why" for getting into REI (or lack there of) is not as strong as it could be. In my opinion, a persons "why" is the reason for going through the most...

Hi,

I know this forum is mostly about real estate investing, but I also know that this is the best place to ask about the details of a cash deal. I am about to purchase my first house (I will occupy). Up until now I ...

I understand as a shareholder of an S-Corp you are supposed to pay yourself a reasonable salary for work performed on behalf of the business. You cannot pay distributions until you first pay yourself a salary.

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Hi guys,
When you put your property in an llc , do you make sure that everything is in the Llc’s name (Insurance, mortgage, all the lease and rental paperworw, etc.) ?Also, when you have multiple properties, how woul...

As a general contractor here in the Chicago area. I want my fellow investors to remember when hiring a general contractor, included in the costs of completing your project he/she will charge overhead and profit. So fo...

Syndications and passive investing are frequent topics of discussion in the forums. Over lunch yesterday I  was discussing with a friend how the business has evolved in recent years. The conversation began after we co...