Jonathan Twombly
Do you need an LLC? Absolutely. There is No Debate About It.
The LLC debate rages on here at BP. Rarely does a day pass without an investor asking whether they should use an LLC or not. Perhaps BP should have a whole forum just devoted to this question . . .Having an LLC is ...
Ken Weiner
Anderson Business Advisors
I'm interested in talking to anyone that has hired Anderson Business Advisors for help with asset protection strategies. This is the firm founded by author Clint Coons who wrote Asset Protection for Real Estate Inves...
Mark Beekman
Operating Expenses Estimate Too High?
When I find a promising multi-unit rental property, I usually assume that 50% of the gross rents is what I'll have after operating expenses to pay my mortgage. The listing sheets have a breakdown of the operating expe...
Brandon Vannier
Investing out of state, would you do it?
I live in San Diego, CA and have been looking for options locally but the numbers aren't adding up to my planned budget. I have been looking out of state at cheaper multifamily homes and those seem to bring the cash f...
Karen Kingston
Real Estate Agent Familiar with NACA Process
Hello everyone,I'm a real estate agent from New York. I work equally with buyers and sellers. This past month a past rental customer called me and said she was looking to buy a house. She proceeded to tell me that s...
Curtis H.
Can bank block bringing loan current for Sub2 deal?
Hi guys, I have a post one page back with all the boring details on this Sub2 opportunity. Seller is willing to deal, and I think I have a 85% shot at getting it. Here are my questions...1) Can the bank NOT let me bri...
Jia Lin
Tenant Threatening Legal Action For Landlord Responses to Repairs
Hi All,Need some insight regarding some issues I'm experiencing with some tenants. I had a couple move in to my townhouse and in the few months they've been here there's been a series of repairs that were needed for t...
Rich Weese
financial cliff, financial crisis, Aftershock
The basic information for this post has come from the book Aftershock written by David Wiedemer and Robert Wiedemer with the assistance of Cindy Spitzer. These are the same authors that four years ago wrote America's ...
Joseph Barbaretta
How much to give a GC upfront?
I've got a property that requires a pretty major rehab (asbestos siding, and needs new electrical, plumbing, HVAC, walls ....). I have a general contractor that I think will do a good job. I wanted to do the work as...
Account Closed
Best Cash Flow
Hello BP! I have a client that owns a rental home here in San Diego since the 70's she is ready to do a 1031 exchange and will have 400k after sell. She is retirement age and doesn't want to deal with property man...