Tenant claims their bank accounts were seized by IRS and money was garnished for back taxes. A couple rent payments were already late. This will be the third time the rent is late since the money garnished was the ten...
What is a good rule of thumb everyone is using to calculate expenses on smaller multi family facility’s when doing a quick back of the napkin evaluation on a property (5-20 units)? I typically use 50% of the stated gr...
I have been investing in my local market aggressively over the past few years, however, prices have increased and deals are sparse. I have had offers from investors looking to get into the market, however, with the re...
Hi guys, Im very close ( when I say I , it actually mean we, my brother and me) to buy my first rental property, basically we have most of the thing, good deal, good real estate agent, we are on the way to get a good ...
Hello everyone, I have had the opportunity over the last several months to read and learn a lot here on the BiggerPockets forums and blogs. I am prepared to make my first deal in the Grand Rapids MI area, what a terri...
Looking for advice from you experts.
I had (as of end of July) a joint ownership investment property which went south due to bad tenants, lack of time and knowledge from our side to manage the property effectively. W...
Hello BP,
I'm a rookie investor looking to work with partners on Rent by the Room strategy. I will be looking for duplexes and SF to do this. I plan on living in the property in one of the rooms to start leasing to...
Do I need to setup an LLC with the state that the property is in? For example the property being purchased is in Kansas; do I have to get a Kansas LLC? Thank you.
Below is a scenario I've been playing around with in my head:A silent equity partner and I purchase a strip mall for $5,000,000. We own the mall though an LLC which we both have 50% ownership stake in. A commercial ...
I’m exploring the idea of using one of the vacation rental software systems with my Airbnbs. I got a lot of good feedback from this board, thank you! I like the features of Hostaway. Does anyone have any feedback o...