Eric Long
Using the Seller as a PM through their Company?
I just came under contract for a duplex that is managed by the seller's company. I am planning to live in the unoccupied side and was fully expecting to pay for a property manager from the start. However, he offered t...
Ian Holtson
My First House Hack - So Far So Good
BP Community,Firstly, thank you all for continuing to engage on BP, and provide an educational platform for those of us just getting our feet on the ground in the realm of RE. To quote one of the most overused, but ac...
Steven Wiltse
Multi family BRRRR in Michigan
Does anyone know of some good cities to invest in for multi family properties in Michigan?
Specifically looking for BRRRR properties.
Looked into Lansing, Jackson, and Westland/Ypsilanti but I fear the crime rate is...
Glen Underwood
Can commercial property (non-apartment) be wholesaled like residential?
I am a noob, but curious if a smiliar techinique can be used in commercial - i.e. finding motivated sellers, assigning contracts, etc. Thanks!
Rob Thompson
The dynamic in Colorado Springs rent vs. buy
As an example of the dynamic here, I currently have 67 people looking for rentals for $1,000 or less. There are 21 homes in the MLS. Oh that I had the capital to buy homes -- instant demand. Rob
Account Closed
Trying to Understand a Rent-to-Own Opportunity
Hello BP.I found someone looking to rent-to-own. They are looking for a condo, but banks are telling them that they aren't qualified for a mortgage. Honestly, I know nothing about these people, this is just what I'm b...
Account Closed
Is it possible to get step up in basis with shared LLC ownership?
Right now I do not have any ownership in my mom's LLC (she is a multi-family investor in the US) but I will be joining her real estate business in the future. I currently own and run a separate c corp which I will exi...
Tim Coakley
Flipping With No Equity, Looking for Advice
Hi Everyone,I am evaluating a new type of flip opportunity and I was curious if any of you have similar experience. I am looking at a partnership with a seller who owns a duplex outright in a very affluent area of Sou...
Matt Sora
Purchasing Home in LLC
Should I purchase my personal house for my family in a LLC and then rent from myself? What would be the pros and cons of this? I heard of this idea and was curious if any of you do this.
David Mateer
Depreciable basis when converting residence to rental property
Hey everyone!Let me preface this post with the fact that I plan to talk with a CPA on all of this, but I like to be educated for conversations like this.
I purchased my house in 2012 for $185,000. I’ve been living in...