This topic is just in regard to California residents with properties *outside* of California. Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-sta...

I have experience with working class and lower income areas. But what about ghetto, warzone areas. A lot of burned out buildings, people using/selling drugs all over the place, frequent shootings (almost one a week it...

Hey guys - we just started renting out a unit and have someone who is interested but refuses to do background checks (says: I am not applying for a job - why should I do a background check). He claims to have sold his...

First off I would like to say thank you to everyone that contributes here.  The wealth of knowledge than can be obtained is incredible and I am happy to have stumbled across BP and more importantly this NJ sub forum.A...

Hello everyone,

We, my wife & I, have a primary property that we have lived in for 18 months. We will be selling our home and our net profit will be tax free due to our primary property.

We also just sold our...

Hi everyone!I am looking to do a good amount of BRRRR deals this year, but was wondering how it works with credit since you’re constantly refinancing and pulling credit.How do you protect your credit while being very ...

As many know there are eviction moratoriums across the country. For those which can’t or don’t want to pay their rent it’s a blessing... but is it really? The free-market seems to work pretty well in rewarding and cor...

Relaxing on my couch on Wednesday evening and my property manager calls. This is unusual and she has some bad news. In our newly acquired 4-unit building, one of the tenants smelled gas and called the gas company. ...

I'm just curious as to how other people define 'overleveraged'? How much leverage is too much? I would be afraid to have a balloon loan or a one year arm. I would be afraid to use hard money. But I do have a 20 year a...

I have been contemplating using money from my IRA to fund an LLC and get started in multi family. I know I'll be taxed and pay penalty for early withdrawal, But I feel I can make up that money plus more with REI. I ju...