Jimmy Rim
Refinancing/Cashing out a property I recently bought in NYC
Hi all,
I recently bought a $1M condo in NYC full cash and plan to buy more real estate properties in the greater NY area by loaning against the condo and repeating it. What would be the best financing strategy? I he...
Daniel Coleman
Cash out, then 1031 exchange or hold?
I own two condo out right that I am currently renting. Both units rent for $900. My fixed monthly expenses are, HOA $350, taxes and insurance $125, totaling $475. I bought them as REO's for $39,000 & $50,000 i...
Tony A.
Seeking Mentoring/Coaching for getting started in Missouri!
Hey BP, I've been on the site for a couple years now along with reading literature on the side while also attending school. But I've made-up my mind I want to be a REI, I WANT THIS and willing to do whatever it tak...
Connie Murphy
Tenant damage to appliances and pool deck
this is my first rental (my personal home that I'm renting) so the house is much nicer than what a typical rental would be. That said, I am getting a premium on my rent ($1.90/sqft). Anyway, found out my tenants had...
Ian Ian
Tenant Not Signing Lease & Lead Paint Disclosure
Hi there, I rent rooms out in my house which I also live in.I recently had a new tenant move in as of April 28th.When tenants move in I usually have them sign a month-to-month lease right away or if not [conflicting s...
Paul Pedro
Multiple Choice Offer
Hi, I'm looking at an investment property, an eight unit apartment building to be exact, that is priced at $950k. Based on my cash flow analysis off the income expense statements I've received, I'm evaluating this bui...
Terry Ouimet
Should Investors Get Their RE License?
Hi, what are the pros and cons of getting your RE license as an investor? I realize there could be a million answers and my situation is not your situation..but I need some general input nonetheless, so here are a fe...
Eric Rich
Using HELOC with poor W2 income to keep business rolling
I'm the owner of two single family homes in Salt Lake City. I quit my job and am essentially living off of the rental income from my home (I moved into a workshop on the property and rent out 8 bedrooms and another wo...
Jordan Alexander
LLCs - One or Multiple?
Good morning,I'm looking to get advice on LLCs. Is it better to have all rental properties in one LLC or have an LLC for each property? I understand having multiple LLCs can be challenging but I think it would be help...
Michael Smith
What should I include in my lease?
Hi BP, I'm in the process of buying my first rental property and want some input... In your experience, what are some things that need to be included in my lease agreement? Thanks!