In order to make payment easier, I am considering giving the bank account number so that deposits can be made directly. Is there any RISK in giving them the account number? Do you use a separate account just for depos...
Hi BP Family I was wondering about the costs affiliated with a LLC, and what is the best way to set one up. Meaning should I go through a lawyer, accountant etc. or would legal zoom be good enough. You see I want to ...
If you rent out an apartment to two unrelated people (roommates/friends), but they're jointly liable on the rental agreement, what happens to the security deposit if one roommates decides to move out?
I assume the r...
So I met with a handyman yesterday who wants to take my rehab on. He was recommended by my realtor who seems really knowledgeable. After going through the house and imagining the possibilities, he was interested in ev...
Hey all, I really need some advice on my first deal. I'm under contract on an 8-unit condo town-home building (all 3/2s) that would be my first deal. It's a 2007 build in the Tampa, FL area that I found off-market and...
1) do I make the motivated seller the affidavit or do I do it for him ?2) Wat do I do if cash buyers wanna inspect the motivated seller’s house ? 3) If attending the double closing not necessary then how am I suppose ...
Hi community!We are in the process of closing on a three unit rental that is roughly 45 minutes from our home. Our realtor/good friend owns a property management company along with having numerous properties himself. ...
Hello all, I want to thank you ahead of time for any input, I think best out loud and this is a good substitute. I recently purchased a package of 4 homes, I planned to sell 2 and keep 2 for rentals. I've sold one, th...
My co-worker has almost completely convinced me that the following strategy is the holy grail of building a real estate portfolio over time. My plan is this, buy another house that has good rental potential and move ...
Duplex - 3/2 and 3/2.5
Bldg SqFt: 2,610
LP: $155,000
Rents: $ 950 per side
Cap rate: 12.26% (according to MLS listing)
Gross Multiplier: 6.80
Insurance: $1,000
I will occup...