Hi All,I'm new to real estate investing, based on the westside of Los Angeles. Part of my motivation is seeing the impact of housing scarcity and affordability in California.Currently exploring 'lower cost' entry poin...

Is it a good idea to use a general contractor for your first flip(s)?
What is going to be the average percentage that a GC will charge?
I would prefer to use one on my first flip(s) however my business partner wants t...

Hey BP!

I am a current leasing agent located in Durham,NC. I am thinking of starting my own property management company. I would be the only person managing until I build up a great team.

My question is: How do pro...

Last week I sent out my first batch of 7 yellow letters campaign after driving for dollars. Yesterday, I got a call from 2 of them. One wasn't interested because she is dealing with some family issues. The other one w...

Hello BP Experts,

I am about to start a BofA short sale. The property is a 4/2/2 in a good neighborhood. The balance on the loan is $97,000 and the house is worth $100,000 after repair. It will need some updates. I h...

Hello all,

What are the best tax preparation practices for house flipping? I utilize two methods of home repairs: rehab then rent; or rehab then sell (the typical flip).

Would my tax planning differ in each of the t...

I currently hold a property in an LLC without any partners. I am getting ready to buy another investment property with the same criteria as the property in this LLC and would like them to be grouped together for fina...

Hello BP members I receive the rent but always  5-10 days late with late fee $75/-This month I got this email from tenant “Hello i emailed you before the 1st to let you know that i wouldn’t be able to pay my rent unti...

Hi BP community. I am interested in making an offer on a lot of land. The land is currently zoned for Residential usage though the lot currently has tennis and basketball courts on the land that are set aside as Recre...

As everyone is aware Houston is going through something epic as well as much of the coast of Texas. My thoughts go out to everyone along the coast that has been affected. There have been millions of people affected by...