Jermaine Gourdine
House Hacking
Hello BP,I'm a new member and a beginner in real estate investing. I'm interested in house hacking a 4 unit property? The downside to this seems to be the fact that I will not be able to close on the property under an...
Ryan Hoyle
Two foreclosures deciding between
I am in a bit of a predicament. A good predicament. Deciding between two homes for a buy and hold. One home is significantly larger 2.8k sq/ft and another 1.4k sq/ft. Both homes will cash flow nicely, but the 1.4k sq/...
AJ Wong
Can you close your STR investment property in an LLC? Hint: The short answer is yes.
The majority of our STR investors and vacation rental buyer clients ask or elect to close their acquisition in an LLC.
The primary determinant (beyond the tax implications) is whether the lender will underwrite and ...
Dave Yates
Advice on Multifamily Investing Alberta
Hi Everyone, I'm currently exploring opportunities for investing in multi-family properties in the Edmonton, Alberta area, and I would greatly appreciate your insights and expertise.
Financing Strategies: What...
Paul Winka
Vetting insurance of handmen & other Craiglist contractors.
I know it's a mixed bag hiring off Craigslist. Still, I am trying to hedge my bets regarding certificates of liability insurance for a more skilled but small job. I keep hearing and reading, make sure they have insura...
Jeff Caravalho
Would you fund this note?
Hi BP, I'm being offered this note secured by a deed of trust for the following:Duplex:Side 1: 4x2Side 2: 2x1Sqft: 1,578Total beds 6, total baths 3Total Monthly rental income: $2,100Deal Details $290,000 Fair Market V...
Jameson Sullivan
Hiring a lawyer for initial LLC formation
I just met with a lawyer this morning, he wants 1250 bucks to do my LLC formation papers, I understand I can do this online but I want to make sure that everything in the future that I do is air tight and Im willing t...
Jimmy Klein
How exactly do property manager's make a profit?
I'm looking at some turnkey properties. I see property managers charging just 8% of rent and thats not much considering rent can be less than a 1k a month. I also seen turnkey rentals where they even set up the LLC...
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
Hi All,I signed a promissory note secured by a single family home that a real estate investor intended to flip. The real estate investor has advertised on this site, and continues to advertise joint ventures and priva...
J Scott
Special Warranty Deed
A friend of mine is buying a house next week, and when he looked at the settlement package, he noticed that he's getting a special warranty deed (SWD) instead of a general warranty deed (GWD). I know the differen...