Brian W.
Question about ability to pierce corporate veil with real estate held in LLC
If I buy a single family home to rent out in my name with a mortgage in my name, then quit claim the deed to my real estate LLC with the homeowners insurance for that property in both my name and the LLC's name, will ...
Kevin McKittrick
Outlets aren't grounded, does the landlord or tenant need to pay?
We are moving to a rental property in Seattle next month and the lease is already signed. After signing we mentioned using a portable dishwasher and the PM said it wouldn't work because the outlets aren't grounded. I...
Andy O'Neal
Approaching a Property Manager About Leasing for Airbnb
I'm looking to buy a property in Baltimore use as a short-term rental full time via Airbnb. While working through the slower parts of the purchase process (financing through a small credit union), the thought occurs t...
Pete Sloa
HELP!! Bought 2nd mortgage on Judicial sale in Illinois, Cook ct
So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.Th...
Gerardo Escutia
Tenant asking for "New HVAC system"
I have a tenant who just moved in about 2 months to newly remodeled rental (everything is new) that purchased this year. I had the AC system checked by HVAC company and everything works fine according to the company. ...
Jim Wineinger
Section 8 housing.
I wanted to share an article with all of you but could not do it as an article due to either my misunderstanding of how to post an article or maybe the restrictions of the extranet usage here at work. So I will share ...
Johnny Lau
Why buy SFRs or small Multis if Syndications have more upside?
I was wondering why an investor would continue buying houses and small apartments, building up their portfolio to dozens of doors or more. They keep brrrr-ing and brrr-ing and then get to 10 loans, then I guess they g...
Łukasz Juraszek
1% rule, 2% rule are BS...
In the book How To Invest In Real Estate, the author claims that a property that doesn't meet the 1% rule will never be cashflow positive.Here is a proof against it. Buy a property for 500K cash, rent out for 2.5K, su...
Gary Kurtz
Trying To Find My Niche
I have a pretty good job that I've been working at for many years. We have good credit and some money saved. I've listened to many of the podcasts on BP, ready many posts here and have learned a lot.
What I...
Percy N.
HUD & Sage Acquisitions Processing Times
Has anyone been experiencing unresponsiveness from Sage Acquisitions while trying to close on a HUD property? Sage is the new management company HUD is using in the Philadelphia area.Our offer was accepted almost 60 d...