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It has been agressively stated here on BP that operating expenses average 50% of gross rents. I have posted many times that while that may be true with some properties, it is not accurate or appropriate to use this pe...
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Hello,My father is seeking to transfer a paid off SFR rental property in Florida from his name to a newly formed LLC, under his and my mother's administration. I have researched that there is a transfer tax based on t...
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I'm buying a property that's already running as an Airbnb. I've been having a hard time finding out whether the listing can be transferred to my Airbnb account, or whether I have to create a new one. I'm assuming it's...
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I would like to use my SDIRA money to purchase tax liens. At the moment, I am just looking at the online OTC liens but in the future, live auctions may be another option. I know people do use SDIRA funds to purchase...
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Hello I'm 28 not originally from Minneapolis but this is where I work and go to school. Still in school because I dropped out a few years ago. Then I read a ton of Richard Kiyosaki's books, decided in-order to save an...
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Hello. I have been lookin into pulling the trigger on deals in Detroit that are already occupied. Seems like automatic cash flow. But seems too good to be true. And super risky. Anyone in Detroit with any info?
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Is anyone having to show prof of funds for every offer u submit? How is your agent making you propose a bid? Are agent wants us to show prof of funds for every bid . It's this common ?
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Not having an easy go of finding a branch that can hold a checking account for our solo 401k. we are in North Jersey. Any recommendations would be great.
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If I have a property under contract. Could I sell it to one of those bill boards that you see all around town. That says we buy houses fast? How would that process work if it's not my actual house and all I have is a ...
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First time landlord to be. I'm looking to forecast and budget for 1) capital expenses relating to big ticket items (roof, hvac, appliances, unforeseen etc.) and 2) ongoing repair and maintenance costs. I've searched t...