Isiah Ferguson
Tenant inspection at 6 months ????
Hey, I just purchased my 1st rental property a couple months ago. In June it will be 6 months since the tenants have been in place. I would thinking of doing a 6 month inspection at the property. What u guys think out...
Michelle Thomas
My tenant would like the carpet replaced...What should I do?
Hello BP family, Okay, Here's the situation ...My tenant of moved into my townhouse in January of 2017. Since then she has had a long laundry list of replacement request. To make a long story short...The carpet in the...
Neil P.
Multifamily houses
I purchased my first multi family. I bought the place for 330K, i am getting rent roll about 3900 a month, and my mortgage is about 2500 includes tax insurance call.So this is property is cash flow positive, i curren...
Sal DeJulio
Can you put a mortgaged property in an LLC?
Can you put a mortgaged property in an LLC? A single family or 1-4 unit. I was told that you cannot do so unless the property is paid off. True or not true?
Sam Tomar
Chicago suburb: My first investment
Hello all,Since California RE is getting out of hand, I decided to do a small investment in Schaumburg/Hoffman Estate area. Can you please chime in if this is a reasonable investment in that particular part of Chicago...
James Kandasamy
Best Strategy for 1 year Wealth Building for Buy&Hold, Fix&Flip and Wholesaling
I was trying to do some analysis on different RE strategies between Buy&Hold, Fix&Flip and Wholesaling. The assumption i made was
- 10 house with equity capture of 25K for both Buy/Hold and Fix&Fl...
Julie Kern
Our first deal - buy and hold rehab in Kennesaw, GA
We closed on our first deal (buy and hold) Nov. 10th. Here are the details:Purchase price: $92,000Closing Costs: $1,200Rehab budget: $7,500ARV: $125,000Rent: $1,100 - $1,150The house is in Kennesaw, GA in a great loc...
Nick Gray
Thoughts on Corporate 401k Contributions?
I joined the full-time workforce in January and I have begun to contribute to my company's Roth 401k, in large part because I am enticed by the concept of tax-free earnings and a corporate match (a standard 60% of the...
Chris Simmons
Need llc but have conventional mortgages
I bought my first rental 2 years ago and will close on my 3rd in a few weeks. I plan on growing the owner managed landlord business and need to get serious about liability and asset management. Right now I am regula...
Steven King
LLC
To my seasoned investors, do you recommend setting up an LLC or some type of corporate entity? The plans are to acquire rental properties, but with the income generated would it be better to have a business overseeing...