I feel silly even having to ask this question, but how exactly does a "cash offer" transaction occur on a home/lot? Deals are moving quick in my area, often with several cash offers made in the first day a deal is av...
Hi everyone! I am happy to announce that I have started house hacking with my first real estate investment property! I am completely new to the process of rehabbing a home and setting up leases for the tenants (inheri...
Of course everyone considers turnover as part of their estimate when analyzing a property but how do you do it?For me, I started with 3 months of mortgage and reduced the forecasted net revenue by that much. I later f...
After seeking advice here on BP I've decided the next step for me is buying a four unit FHA each year for the next few years. Living in it for a year while I fix it up and moving on to the next and allow the forced ap...
I am leasing a property that is in my name to an LLC who will then be subleasing the property out as a furnished short-term rental. I know that landlords don't pay self employment taxes, anyone know if an LLC that sub...
Hey guys, I'm in the process of signing the contract of a new build in Calgary.This is my first time doing this and I want to make sure I have everything covered.In your experience, what do I need to make sure that ar...
I am having a rough time getting people to view my property. I do get responses of people showing interest on Zillow but when I have an open house hardly any one shows up to view my single family rental property. I am...
Hey BP!I was mulling over my own career path as a software engineer in the tech industry and know at my core that I am not remotely passionate about software engineering. However I have no better option right now than...
Hello,
A few years ago, I needed my father to co-sign on a mortgage with me to buy my first home. We decided he would just buy the house instead and I would pay in an unofficial mortgage each month. I moved out of th...
I recent was able to set up and establish a compliant checkbook IRA/LLC through some great referrals here on BP! The property I had originally planned to purchase is now pending while I was getting all of this set up...