Jeff L.
Do I need to hire an attorney to create an LLC?
I need to create an LLC for financing as well as liability reasons. This thread isn't about the pros and cons of forming an LLC.Rather, my question is:Should I hire an attorney to do it "right", or is it good enough f...
Lorraine Patterson
Out of state investment for a beginner
I'm a newbie, and for my first investment I'm gearing towards an out of State STR, where I can also use as a vacation home and depending where I'm at in my life, retire there. Is an STR a bad idea as a first investmen...
B Cory
The Investor Proof Short Sale Approval
As most of you may know, Wachovia (A part of the Wells Fargo Company) has come out with a new Short Sale Approval letter stopping investors from buying the property, and marketing for a end buyer or putting a end buye...
Matthew Nixon
Sooo... before I invest...
So my wife and I engaged in a pretty heated conversation. My wife is amazing, but we are simply wired differently. My wife is totally ok with punching a clock Monday through Friday, the slow grow of a 401k, and possib...
Ken D.
Can Security Deposit be used to pay for unlawful detainer?
1 tenant out of a group of 3 refused to pay her last portion of the last month's rent. I tried explaining to her why this wasn't acceptable and she still refused. Her roomates weren't willing to cover her portion o...
Jim Truman
What's the worst that can happen? Buy and hold small condo(s).
Good evening BP. My wife and I are very carefully and cautiously considering purchasing a rental unit. We've been very diligent about saving up for retirement and now that we have a good amount of cash on hand, I'm ex...
Cal C.
What would you tell your 18 year old about Real Estate Investing?
I'm curious about something and I think it can provide some insight to new investors also. Basically if you had an 18 year old who came to you today and expressed interest in RE investing what would you tell them? Th...
Anthony Phillips
First Brrrr property breakdown. NEED some advice!!!!
So I just completed my first Brrrr.
Purchased house- $235k
Rehab-15k
Appraised value- 325k
Currently rent- $1,950
Mortgage- $1,681
Cashed out $250,000
So
I think I did a pretty good job for my first brrrr t...
Jose Lopez
How do I find a real estate partner when I only make $15 an hour?
Hi, I am 16 years old and I want to get a rental property, but I don't have enough money yet, and I will soon have a job that only makes me $15 an hour, so I have considered getting a partner, but where do I find a pa...
Mike Gennaro
Starting an RV Park: How much is an on site sewage treatment plant?
Hey there BP community,
I'm obtaining quotes to develop an RV park, and I want to know how much should we expect to pay for an on site sewage treatment plant.
Has anyone gone through this before with mo...