Brian Kennedy
LLC or Sole Proprietor for Rookie
I have a chance to purchase a 12 unit apartment building in another state. It would be my first investment in real estate outside of a residence and I do not have an LLC set up.Should I set up an LLC or would a sole p...
Sebastian Villa
Separating utility meter for finished basement
Hello BP community,Not sure if this is the correct forum, but figured I would ask.I currently live in a SFH with finished basement with a separate entrance and bathroom. I want to add a small kitchen to it and rent bo...
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...
Lesley Govan
How to keep property funds separate
Just listened to one of BP's podcasts and they talked about not co-mingling personal funds with property funds. What's the best way to keep everything organized and separate?Any thoughts would be greatly appreciated.
Clint Harris
Inverse Economies of Scale in Short Term Rentals
My wife and I operate a house-hack duplex at Carolina Beach in NC and started doing really well. Currently on track to do 57k in gross rents in our extra 3/2 unit. Because of this, we started to scale, partnered wit...
Lorraine Reid
Newbie with bad credit
Hello, I just joined and kind of over whelmed with the information but I have a question. I am working on my credit but it's pretty bad right now, how do I start with that hanging over me? Lorraine
Account Closed
Flippers & RE Agents- what little things make a big impact
House flippers and/or real estate agents can you give me any advice about little things that you have done or seen done to a house that make a big difference to buyers? We are finishing up a live in flip and we have ...
Rich Weese
I'm older than most-seen this before!!
I've been off the board for awhile- very busy. BUYING!!! Think about this for a minute. TRILLIONS of dollars are being added to the economy, and no additional products added to absorb the dollars being created. In the...
Mark Updegraff
Anyone have their tenants using "Bill Pay" to electronically pay rent?
My tenant recently requested my bank info so he can do an electronic rent payment. I'm guessing he will need my routing number / account number. I'm hesitant to give it out without first consulting here. Anyone kno...
Pete Krzak
NO MLS LISTINGS!!
I am looking to buy Single Family or Deplexes around my area(Erie,Pa) without going through MLS. Anyone have any ideas on great places to locate these. I would like to only use 10% down on them. The bad part is that w...