Bill W
Is LLC really neccesary
to do a one house flip. Three of us are wanting to put = amount of money to buy and rehab a house then flip it. Profit to be split evenly. We are paying cash no loans. LLC seems cumbersome, cpa says it has to be regis...
Kevin Tyra
Avoiding capital gains
I am seeking a couple properties and looking for ways to avoid capital gains. The costs of homes are too high to roll over money through 1031 exchange. What other ways are there to avoid the capital gains
Tushar Shah
Multiunit Bld - 100 years Old - Diligence Required
Hello BP Members,
I am under a contract for a 8 unit building came on MLS few days back and was hoping to get your opinion on few technical/diligence things given the communities vast experience in investing in mult...
Irene Navasca
Is this even legal? Ex PM takes entire portion of PM fees?
I am very confused, I have been with a property manager for about 2 years. The property is in South Bend, Indiana. I am a very passive landlord, in fact too passive and trust me my lesson has been learned. I had a ...
Harrison Silverstein
Notes always keeps things interesting! (CA - 29 Palms)
Hi all! A bit of an interesting story that I thought I'd share!I recently acquired a note in 29 Palms, CA for ~90% UPB (About $50,000 mid 2021). This asset is a Lease Option contract that has been Non Performing since...
Dean Thoms
First time investor seeking advice on hiring a property manager
Hi - I would really appreciate some advice regarding hiring a property manager. For context, I am a first-time / would-be investor (based in Southern California) interested in purchasing a handful of SFR's in South Ge...
Amber Layman
Cost segregation study for short term rental
How much is reasonable to pay for a cost segregation study? I have one, 6 bedroom short term rental, that was established in 2021, in South Bend Indiana. I’m also working on a 4 bedroom that should be up and running i...
Eric Terwilliger
My first deal
It wasn't an earth shattering success, but I'm learning along the way. PP: $210,000Down Payment: 20%Closing Cost: $9,500Rehab: $5,000PITI: $1425Rented: $1250 per monthProperty Management: $83 per monthI did all the re...
Cheryl R.
Landlording question about attitude
Is it possible to be a landlord without being "rude" or worse? I rent houses that are between 1100 and 1400 sq ft and I tend to rent them in what some would call "B" neighborhoods. They aren't the worst around, but...
Sean M.
Opinion on Staging a Flip?
There are plenty of opinions out there about staging a home to provide a higher sales price and/or faster sale.
Is this recommended for flips? It seems like the cost is fairly high to stage, thus eating into the f...