Kara Leboeuf
Offical intro, and first deal story!
Hello BP, i have lurking this site for about 6 months now, and I’m glad to finally introduce myself. My name is Nick and I am from upstate New York. I am a recent college grad, and first caught the REI bug wh...
James Harris
Direct Mail to absentee owners
Hello everyone. I have started my first marketing campaign and I've targeted absentee owners. My response rate (about 15%) hasn't been too bad, but the quality of the leads have been a little discouraging. Most cal...
Victor Olowu
Most of my tenant leases end at the same time....am I in trouble?
I try to make sure my leases end during peak seasons to guarantee a good pool of candidates in case my current tenant doesn't renew, or I decide not to renew their lease. I now have a good number of leases ending the ...
Matt Chandler
Short Sale Flips. New Laws.
I am working a few short sale deals that already have been approved and negotiated down to a good price. I planned on putting an option contract on them and then perform a double closing. Short Sale laws seem to be ch...
Mikey Schaefer
Qualifying for HELOC with self employed income
My day job is a photographer and cinematographer, I have an LLC for that work that files taxes as an S-Corp. I generally pay myself a reasonable W2 salary (about half of Business income) but 2020 was a bit different....
Ethan Griffel
Property analysis when using a HELOC as DP
If you have used a HELOC as a down payment do you calculate the monthly payoff of that draw as an expense when running numbers on a potential deal? Example: expenses+mtg+HELOC= total expenses. Initially I have been do...
Camron Stewart
What are the pros and cons of these markets?
I am about to graduate from college and can move to 1 of 3 places, Denver, Dallas, or Minneapolis. I'm wanting to start building a portfolio focused on a residential BRRRR strategy that will end in several apartment c...
Kathleen Hendricks
Operating Agreement Content/Topics
Hi All,I'm working on topics to be insert in an operating agreement for a partnership (we are using an attorney, but I want to get a head start) I'll be entering into. I want to make sure we cover everything. Any in...
Quinton Bogle
Whats the best way to set up an LLC for Rental Properties
What's the best way to set up an LLC for Rental Properties I've been hearing have 1 LLC owned by another one in Nevada or Las Vegas
Matthew Cretzman
TEXAS investor selling ALL their rental properties
A friend of mine who is a realtor contacted a FSBO property and turns out the owner also owns about 40 and is selling EVERYTHING in her portfolio.
Most have tenants. Some do not. Her asking prices fluctuate between...