William Allen
Most recent flip numbers compared to HGTV
I wanted to take a minute to give the honest truth behind flipping houses and how much money is ACTUALLY made doing this business. I promise not to hide any expenses to make it look like we make more money than we ac...
Taylor Tindal
Joint Venture: Should we form an LLC
Hello,I'm interested in partnering on a deal with 3 individuals. In order to do this should we all create an LLC together for this one deal? Or will our individual businesses protect us? (One person is not protected b...
Keith Brown
Should I do this full time or just part time
I currently have a business partner in eight buildings. Three of the buildings are single family and the rest are multi. In total there are 21 units. I own one single family home myself. We owe approx. 250k on v...
Patrick Goswitz
Purchasing Materials for Contractors
I found a contractor I like to rehab a house I bought. Is it best for the investor to always purchase the material? I am assuming the answer is "yes" to get credit card points and prevent a contractor from charging a ...
George Leeman
S corps and Distributions taxed as capital gains?
I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
Jim P.
eviction questions
I have a tenant who is almost 1 month late on rent payment. Got a call from her saying she can no longer afford and will be moving out in a couple weeks. She is seven months into a 1 yr lease. How should I handle this...
David Cox
I'm calculating ROI - need assistance.
...and I want to see if I'm correct. Lindale TX has stellar school system. So property values are good, stable, and many want to move here. I'm calculating 20-40% annual ROIs over 10 years- Is this real? If not, what ...
David Fischer
Buying in a rougher neighborhood
Hey y’all,I’m looking at purchasing a 6 unit apartment complex in a rough side of town. This side of town is known for higher crime rates and is just plain rough. I don’t live in the area so I had a family member driv...
Kris Fox
Landlord-Tenant issue
I'm sure something like this has been covered before, but here goes...There was a plumbing issue with the main drain line. There was some gurgling when the sinks/tubs would drain. That's obviously not normal. I call...
Tony Robledo
How to write a lease with utilities included?
I’m a first time landlord about to rent out 2 units in Oak Park, IL.
I was planning on using the lease agreement template available on Avail, but I have a custom amendment I need to add and I want to make sure it is ...