I was wondering if you purchase a property via financing, is the "purchase price" the down payment you put in? A lot of examples online seem to be providing scenarios of cash purchases like "a house purchased for 200...
Hi BP community,
I have a question and would like to receive feedback from those with experience. I am looking at a turnkey duplex in Memphis with a purchase price just under 100k, what type of loan should I be look...
I need advice as an out-of-state landlord on how to set up an LLC in Cleveland. Is there any reason not to do this? Also, could you recommend a reputable law firm to help establish an LLC.
Hey, so I have heard everything under the sun with this question. Some say the 12 months no matter what, others say if you have a reason to leave, even as small as disliking you neighbors you can leave in roughly 2 mo...
My question is how much preparation should be done prior to looking for residential deals. Should I look for deals, THEN find all the players, or should I have ALL my ducks in a row prior to looking?Examples: Hard mo...
I'm looking at a deal that is 1.8 million for a two level strip. No competition in the area that I can see, but has 20% vacancy. It's a high end neighborhood. It has tenants like state farm, driving school, dentist...
Hi there everyone! So I've been doing a lot of research and I was just wondering if someone could explain the general way money would flow from a cash flowing property and into either my, or the business bank account ...
I know a lot of people use LLCs to protect their rentals. I was wondering if people create a LLC for each individual rental property to maximize protection or do they put all of the properties under one LLC?
Do I need an LLC before I purchase the property or only once I am ready to start renting on VRBO/Airbnb?
So here is a property in which the owner seems to want to sell but not quite desperate to sell. He has it listed on MLS until the 13th of this month and the listing price is at 85k which is too high obviously.I asked...