Eric Hu
Should I put property in LLC at Closing?
Hello all,I'm under contract for a duplex in Chicago right now and I was wondering if I should put the property into an LLC at closing or hold it personally for a while. The plan is to refinance the property in the fu...
Curt Smith
How to file taxes on a sandwich lease option
Hi Guys, I searched BP for tax prep help, didn't find any tax prep helps for a sandwitch lease option.Bought on a lease and option. Zero option fee, lease is the sellers mortgage payment: $798/mo. I pay for fix ups...
William Coppock
Little about myself
My name is Will. I am 22 years young. I am looking to build capital at the moment through wholesaling. After I build enough I would like to get into flipping homes or maybe rentals. I'm extremely new at the whole thin...
Sid Naik
Selling home - Broker going on vacation
Hello,This is the first time I am selling property and signed contract with a broker . We expected to sell the property quickly but it has been 4 weeks since it is on market and now broker tells me he is going to be o...
Jack Tait
Mobile Home Park, Pinellas County FL
Hi,
I have been looking at a mobile home park deal that seems to have some good upside potential. The property is a 33-unit park (manager lives on-site for free so 32 effective units) with 17 park owned homes, 2 apa...
Paul Magda
First deal--portfolio opportunity?
In the last year I started to dive into REI. I read books, podcasts, YT videos, networking etc...Short background on me: I am an entrepreneur who tends to perform well in times of pressure and that is why I put myself...
Rodney Robinson
Closing on First SFR in a Week
Hello BP,I am very excited to share that my wife and I are closing on our first rental property. We are in our late 20's and have been wanting to do this for years; I have been studying investing, off and on, since 20...
Aleko Petkov
Avoid tenant relocation during seismic retrofit
Hi,I own an 8-unit building in Los Angeles, that's on the city's list for a mandatory seismic retrofit. We just handed out the Tenant Habitability Plan (THP) notices today, and one of the tenants wants to apply for pe...
Tim Anderson
Finding the RIGHT realtor
Hi. I have heard many times the right agent is worth their weight, but I have not heard a lot about how you go about finding that right agent. There are so many agents, you certainly can't sit down and chat with all o...
Daniel Thomas
Cap rate
I am just starting out. I currently own two properties and am looking to get serious and start growing my portfolio. Should I look for properties with a cap rate of 10? For example, purchase price is 84000 then rent s...