Joseph Davis
Purchasing 2nd investment property - a Multi-Unit!
We purchased our first rental last year & am now looking at purchasing a multi-unit, preferably a 4-plex. Our bank will let us purchase 1 more investment property with 10% down and no PMI, thus the reason for the...
Heather H.
Question on property tax raises & reassessments
Hi All,I am offering on my first San Antonio property, which is an SFR. I've had a hard time finding deals that cash flow positively because the property taxes in Texas are comparatively high.The reason that this one ...
Caleb Scott
Would brrrr work in a cheap market?
Here’s my problem. I am looking to invest in Springfield mo and try my hand at BRRRR. I like the area because there’s plenty of run down single families for sale anywhere from 30-50k much of the time (prime candidates...
Mitch Kenney
Short Sales- Long Term Strategy
My wife and I were having a discussion the other day. She feels that we cannot count on short sales as a long term strategy (for the next 10 years) and I believe we can.
I believe we can because as long as the banks...
Drew Whitson
Too small to create an LLC?
I own five single family homes in the Twin Cities area (Minnesota) and am trying to learn if creating an LLC and transfering these five houses to the LLC is a good decision and worth the time and money for such a smal...
Carl Crain
moving IRA into LLC without penalty to flip
Interested in using my IRA to fund a new LLC that would flip houses and put the proceeds back into the IRA. Then due it again. Any guidance?
Michael Emmanuel
Two convensional loans, one to live in and one rental at the same time.
Hello,I have a preapproval for 3% down payment conventional loan, as I own no property.Haven't found a house I like, I wanna be patient looking for my to live-in house, but I still wanna get a rental property where in...
Andres Triveno
How to structure short term rental ownership
I own several properties primarily for short term renting in different cities (San Antonio, Tampa, Pittsburgh). They are all in my personal name (deed and mortgage) however I have an LLC that I do business with and fi...
Samantha Klein
Replacing toilet guts before renting
Hi BP,I just got a service call for a leaking filler valve, it was spraying in 2 or 3 directions and leaking down the tank, this is the first day of my tenant living here too. I had my handyman replace the guts and I ...
Max T.
Applicant A or Applicant B?
A is solo, recent law school grad, no pets, no smoke - but makes $200 less than the 3x rent rule.B is solo, no smoke, makes plenty of $$ - but has 2 labradors (sometimes). B is splitting up from a relationship with "p...