Hi Folks!
My partner and I recently purchased a large duplex (5beds, 3baths per unit), and we were thinking that it would be a great property for rent by the room, or a high income tenant.
However, we were surpris...
There is a good chance that Arkansas will soon join a growing number of states that allow the creation of Series LLCs. The legislative package of the Arkansas Bar Association is supposed to include that legislation, ...
So I have my first tenant who hasn't paid her rent for the month yet. She is over two weeks late. Unfortunately, our contract doesn't say anything about evictions and it only says I can charge her a $20 late fee, bu...
I am attempting to make that jump from SFR rentals to MultiFam. Just like Rich Dad taught me, Right? Trade in little green houses for the big red hotels! But, turns out, it is quite a jump. I have talked to many n...
Hello BP!Just wanted to share our first deal (woot!): Two duplexes on one lot, single story. All 4 units are 2/1s, about 750 sq. ft., W/D hookups, and a not-so-private patio for each unit. Gross rents are $2235, fully...
Hey everyone - I'm trying to learn more about the challenges of utilities management for landlords. Does anyone have any pain points / challenges that they'd love to share?
For context, I'm currently doing research o...
Hi all,I am a newbie from Birmingham, AL and just wanted to introduce myself. Here goes:I graduated from the University of Alabama with a Master's in Geography, focusing on Geographic Information Systems (GIS). For ...
Hello BP! My name's Allen, and I live in the Spring Hill, TN area outside of Nashville. I'm a full-time writer and executive in the Cool Springs part of Brentwood and Franklin, and I've been nursing a growing interest...
I am going to invest on my first flip with a small group of 3 other investors (family/friends). I am wondering how i deal with tax ? Say i make 50k in profits. Do i pay the tax on the 50k and then distribute everyones...
I will eventually inherit a house worth 700k which is owned free and clear. I would like to use the money as capital to buy many financed properties worth 100-150k each, so we are talking about making a lot of dea...