Joshua McGinnis
My first out-of-state turnkey was a bust (sort of)
Just thought I'd share a story for any others out there considering buying a multi-family out-of-state, sight-unseen, from another BP member who markets and manages properties.I found a deal on the BP Marketplace in t...
Ryan O.
S-Corp Reasonable Salary
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.
...
Joshua S.
Velocity Banking / HELOC Checking Acct - It Works (Proof)
Hi, everyone. I wish everyone knew how great this strategy is, so I'm trying to spread the word. I'm not selling anything, just trying to let people know how it works. When you're paying your mortgage month in and mon...
Jeff S.
It is getting tougher to be a small-time landlord
I see the day coming when you can't afford to manage a small portfolio of rental properties.The tough part for me has been getting maintenance done for little stuff. I have had so many handymen over the years, some li...
Yolanda W Cuevas
Where to draw the line? Tenant Wants to Take Over
Where should I draw the line? Always, a few days before rent is due I get a maintenance request.My tenant is a self-described handy person and he also works in an appliance repair and sales shop. He is the first tenan...
Frank Geneski
Canadian Investors
I wanted to see how many Canucks we have on here, obviously investing in RE in Canada is much different than how its done in the U.S.
It would be nice to talk about formula's, leads, ideas, and anything else to do ...
Joe Colasuonno
How Many Flips Per Year is Attainable?
I have been investing in multifamily real estate for about 8 years and have built up a decently sized portfolio of rental units large enough that it is my full time gig. Every property we have ever purchased has been...
Account Closed
Forming an LLC out of state, living in California
Hi all,
Firstly, I would like to ask if anyone has a good real estate attorney reference in California?
Second, can someone help me understand costs around forming an LLC out of state while I live in California. I k...
Corby Goade
Nightmare tenant is leaving, but....
I have a tenant that gave me their 30 day notice yesterday, which was cause for some serious celebration. Almost every interaction I've had with them over the last two and a half years ended with them threatening to s...
Bala Anirudh Kurakula
Re: Partner Opportunities by SummitCapital Partners
I am planning to invest with Summit Capital Partners LLC, a company in seattle who provide partnering opportunities. Here are some of my questions.1. Has anyone worked with them in the past that can vouch for them? I ...