Marcus Johnson
PM versus DIY
It's been brought to my attention that I should be paying myself for self managing my Duplex and that even though my cash flow is higher in the end when not using a PM, it's my time that is more valuable and therefore...
Bradley Post
Trying to Complete A Wholesale Deal Soon. How do I get started?
I don’t have much money or a team of any kind, so how can I find a deal relatively quickly? I’m thinking of finding a mentor first, especially since I’m 18 and may not know what I’m doing at first. I live in Rockland ...
Patrick Philip
Why even get insurance on a rehab?
If I don't have a lender requiring it, most stuff like theft and vandalism would never even match the deductible.I just went through the largest hurricane I've experienced in 30 years and had no damage to my flip or p...
Account Closed
Rent-to-own dangers / cautions
Though I have rented accommodations before, I have little experience in Rent to Own. I have a young nephew who is looking to Rent to Own a small home in Mexico, and he is asking me about what kind of contract terms sh...
Laxmi Chirravuri
locations to buy self storage
Hello Everyone,I am planning to do an investment for self storage units. I really appreciate if someone can help me on this.I would like to know about the below things.1) What are the best locations for self storage u...
Geoffrey S.
formation of a c corporation
I received a tip from a friend that taking my properties and incorporating them into a c corporation is the best tax structure for me. I've got a full time job and, for now, the rentals are supplemental income/retire...
Jarvis Smith
Liens from subcontractors
Hello I'd like some advice. I'm going through a situation on a house flip. My general contractor had some issues with subcontractors he has hired. They ended up filing mechanical Liens against him which has me as the ...
Cleo Bucceri
Cleveland, Ohio- water/sewer
single family home, so only one water meter, in Cleveland Ohio, new at renting- was planning on having tenant pay all utilities including water/sewer- if I keep the water/sewer in LL name- can I have the tenants still...
Francis I.
Licensed vs Unlicensed Contractors
Hello BPers!I have a property in Charles county MD under contract, which the numbers work really well. Purchase price is $51,500. ARV is $230,000+. Rehab estimate is about $70,000. HML loan at 3 points and 13%. I am d...
Thomas Weidner
Flipping vs New Builds
Good morning everyone. Today I would like to ask, what you folks prefer more flips or new construction and why? I know each have there pros and cons just as every avenue of real estate does. So why do you do what you do?