Account Closed
Are You "Recession Proof"?
I was recently having a conversation with a friend and we were talking about rental properties. Friend is an accountant with some rentals of his own, and his brother has various rentals throughout the country. He as...
Chris Tedeschi
LLC Property and a Property Manager walk in to a CPA Office
Sorry, I couldn't think of a better title >_<So, here's the question: If you have own a property which you moved into an LLC AND you have a property manager, managing said property, how should payment of his ser...
Abdenour Achab
How would you reach the homeowner or resident in these situations?
I live in California, and own six tax liens in Arizona for which the redemption period has expired. I mailed out the 30 day notice to start foreclosure on five of them over the last two weeks.
One of the properties i...
Chad U.
Code Violation Liens in Florida
Hi BP,Here is my dilemma, I won an Auction.com property which states they will be providing a SWD and insurable title, yet the addendum supplied by the bank in the purchase agreement states: "BUYER UNDERSTANDS AND ACK...
JaNae Anderson
Out of state investing
I’m looking for REI groups in the Bay Area that specialize on investing out of state.
Jeff Minc
Refinancing to Pull Cash Out
I was hoping for some feedback on this idea. I currently rent out a condo I own which cash flows roughly $450 a month. I like the cash flow but don't need it. I bought it in 2013 with a 30 year fixed at 3.66% (owner o...
Scott Rist
What types of properties do you WALK away from and why?
I posted the other day about creating a more defined criteria for my flipping purchases. I'm moving my business to a more metro area early next year and am trying to define my criteria better. Where I am now is rura...
Kerry M.
Why a 7 year loan?
Hi - I have spoken to two bankers. The first is with a major bank who was talking about a 20 year mortgage. The second, a local smaller bank, without an application and over the phone, mentioned a 7 year 'abundance ...
Sean Gallagher
At what age did you guys get your own house?
I'm 19 years old and my parents have been getting on my case lately, Pay us this a week, pay us that, step up to the plate, you use our washer , our dryer, and the oven, you eat our food and so on. I think it's time ...
Mr Good
Crunching the numbers
Hi,
I want to buy a single family home as a longterm investment. I already own a nice home and I have around $300k in short-term CDs ready to invest. I like the idea of earning rental revenue far more than the stoc...