Ingrid Abrams
Management Company excessive side fees
Hi everyone, I moved overseas and hired a big name management co ( Two letters and one number in their name) in Riverside to handle the property. They take 10% which is fine. But it is the excessive side fees that I c...
Account Closed
$2,500 De Minimis Safe Harbor Election - per project or total?
Hi everyone, I closed on a property last week, listed it for rent the day of closing, and am performing some minor changes before it is rented. Based on my understanding of @Brandon Hall BARRRR stategy, since the pro...
Briana Norris
Best way to use OPM
I have been approached by a family friend that has watched me invest over the last year and wants to use his money to invest with me. Does anyone have any suggestions on the best way to use/borrow the money and how...
John Blanton
Cost Segregation Worth It For Long Term Hold (Legacy Hold)?
If you are planning on holding a property for a long time (multiple refi's, legacy hold, etc) Is it still worth it to get cost seg done on the property?If the business plan is to hold the property over 10 yearsIs it m...
Takahito Torimoto
How to re-classify a Primary Residence as an Investment Property for 1031?
If I had an investment (STR) property for 2 years (We'll call it property A), but then moved into it full-time (not renting it out) "converting it" into a Primary residence - and in the future, I decided to purchase a...
Account Closed
Questions about mentorship
Hello BP,My name is Angela, and I have a question about mentor ship in the Dallas-Fort Worth (DFW) area. I would like to start out working under a mentor, but I lack the money to pay for it. I've also read that you ca...
Erich Henson
Creating a private property management company with partner(s)
Is it a violation of forum rules to discuss the possibility of partnering up with like-minded property owners to form a privately owned property management company?
Seth Maynard
To LLC or not to LLC, that is the question:
Good morning all - looking to get feedback on whether a new investor should establish an LLC early on and quick deed properties post closing or just keep things under their name(s)? It's the direction I'm looking to g...
Derek Scott
I should have listened
Hello Bp, I should have listened when my father was telling me to purchase a duplex and rent one side out. Well now as i get older and learn more i see we call that house hacking. I wanted something more move in ready...
Grant Kemp
Hiring employees in a management company
I've started a property management company and need to hire on an employee to help handle the load, but I'm having trouble figuring out HOW to actually hire them. I have the person already lined up and ready to go, bu...