Wes Brand
How to cash out
A bit about what I'm looking for:I'm closing on a property soon with a cash offer. I have no immediate plans for the money I'm spending on the property, but I'd like to keep cash available so I can jump on any good de...
Craig Kleffman
Business Organization - Firm Organization: LLC, LLP, S Corp. etc
Hi, What business organizations do those of you in California use to organize your business/es? I'm in California. Here are (more or less) my notes on how I expect to organize my enterprise. INTRODUCTIONAccording t...
Constancia R.
Would you risk this?
One of my cousins just informed me that their house is in foreclosure. Even though I've been touching base with her every couple months, she JUST NOW told me that their time is up in 5 days, so if we do anything, it h...
M. Malik
Upstate NY Lawyer for Collecting Unpaid Rent
We recently took over managing our own properties after a few years of poor mismanagement. During the process of our audits, we found a few long term tenants who were behind on multiple months of rent and were able to...
Tre Holland
Seller Financing Advice
Hi all,There is an eldery lady whose yard I've been maintaining for years. She mentioned about possibly looking to downsize due to age and other factors. I expressed interest in purchasing and she completely lit up at...
Bob D.
Potential BRRR on Two Family - First Deal
I found a two family property on Homepath--it's currently in the lockup period but asking price is $325k and it needs some work (TBD on $$). Similar two families are worth over $400k ARV. If rentable, it would gross a...
Account Closed
BRRR : is it for income or acquiring property?
I have a question re: BRRR.When you borrow money from your property to buy another, it seems that you depend on the rental income to make the payment for you. Thus, you will have to pay the expense if you are vacant. ...
Jason Hart
Best first steps for newbie?
Hey guys! Newbie here, we purchased a foreclosure for our primary residence last year for $110,000 and after $30,000 in renovations it appraised for $210,000. What would be your advice for first steps in using this eq...
Jennifer Pithie
Flip, Rent or 1031 exchange on property in LA
I own a SFR in a popular area of Los Angeles where rents are high and in demand. The property was my primary residence for 7 years until we purchased a larger house in 2012. We kept the property as we were under wat...
Matthew Kelm
Hard money lender wanting an upfront payment
I was on BiggerPockets FB page and seen a hard money lender posting an offer of loan services. I contacted this person by the email that he provided. He asked for various types of documentation and sent me a loan appl...