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How do I create a Land Trust in the state of California. I believe there is no registration for it and I will need to assign a Trustee and place my SCorp as the beneficiary? Is there a standard document for this? Or c...
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My mentor taught me to calculate the CoC with the interest only payments of the loan (not principal reduction). Now a friend of mine said it should include principal part of the payments on the CoC. Since commercial l...
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Hello everyone, my name is Aaron and I am a born and raised Okie (Oklahoman) that has transplanted to Phoenix, Arizona in the last year. I am a mechanical engineer by trade, but have been listening to the BiggerPocke...
Hello folksWhile looking at properties on online auction sites (auction.com, hubzu.com, etc.) I saw some of the properties with status "Occupied", "It's unlawful to disturb the current occupants" and "Buyer is respons...
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Hi all, I've just subscribed a few days ago and have been reading various posts and info...I must say, great source of education and inspiration. I have a basic question if I may...after describing 2014's scenario:My...
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Hello real estate community. I came across a good deal in Garfield NJ, built in 1910, the price is very promising, short sale, cash buyers only. Listing disclosed mold and water damage in the basement and soil contami...
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People are getting ripped off with HVAC furnace replacements and repairs. I hope this helps others:HVAC systems are treated like black boxes by most property owners, and that is a BIG MISTAKE. They are often quite sim...
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Hi BP! Just started learning about real estate investing and getting interested in it through listening to the BP podcast and reading. Still very new but interested in taking the plunge soon, as I'm planning on buying...
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I am realizing my strength lies on the opposite side of the spectrum from bookkeeping. I currently use Buildium for my management of 7 units and plan to keep growing. I work a full time job and just don't want to de...
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This seemed like a good topic for new comers to the real-estate profession: are you a dealer or an investor? The answer can mean paying 15% income taxes on selling a property or 25%, 27%, 37% or more depending on yo...