Nicole Wood
Is an LLC a good idea?
I am thinking of forming an LLC. My sister and I are trying to get into REI. We want to do small rentals (multifamily homes) and flipping as well. We are in upsate New York. I am hoping an LLC will help with loans. My...
Justin Sadauskas
Medical Marijuana renter
I have a house listed for rent at $850. A licensed agent sent me the following email: "I have a client willing to pay 1,300 a month for this home if he can grow medical marijuana in it. He is a caregiver and has all...
Kathleen Heine
Deciding on an Offer for an Apartment Complex HELP!
Hello,I'm hoping someone can help me a bit. I've been working a lead for over a year now and I finally have a little traction. I'm trying to analyze a small apartment complex that is mom and pop owned. 18 units 9 1 be...
Mark Yuschak
Self directed IRAs for funding
I have (what I consider) a good chunk of change sitting in a traditional IRA. I'd like to use that money to fund flips (in and out in less than 120 days) and/or use it for transactional funding.
The financial adviso...
Brandon Barnes
Looking at my first buy and hold property - MO
Hi Everyone,I'm going to check out a property here in Missouri tomorrow morning. It's a duplex in a C neighborhood. Asking Price is $69,000. I'll be asking for less but for analyzing, I'll stick with the $69k.I'll put...
Shital Thakkar
Inspection period
Hi,
For Short Sale property, optional Inspection period start when seller sign the contract or when bank approve short sell..?
Charles Worth
Winners and Losers In Chicago's Planned Tax Hike
While the recent major tax hike is far from certain, I am curious as what local investors think of the potential tax hike detailed in the linked article amount many others:http://www.cnbc.com/2015/09/03/chicagos-tax-n...
Ron Hollingsworth
Hiring Handyman instead of contractors in Arizona
We are generating about 1.5 flips a month pretty regularly. I am always looking for ways to cut cost and one of those ways is in the labor paid to contractors by hiring someone with the knowledge and experience to do...
Mike Sola
negative cash flow but postive ROI through taxes
Hey everyone!I was listening to BP episode 335 or 334 and I heard something interesting. The speaker mentioned that either he or someone he knew invested in a very expensive property which had negative monthly cash fl...
Erin O'Connor Smith
What payments do you require at time of lease signing?
Just found a tenant and signed a lease, but he says he can't make payments until he receives his deposit back from his current lease. He screened well with good landlord and professional references and great income to...