Jack Chastain
Starting an LLC to buy first property
Good morning,I am currently working a 9-5 in property management and am wanting a way out. I am 22 and have been working in property management for close to 2 years now. I look at the people above me and what they hav...
Stefani Mokris
Financing a property with a LLC
Hello!I would like to know if I want to finance a property using a new LLC, are DSCR loans my only choice for financing?Thank you!
Ashish Maheshwary
Transfering title to LLC
Hello everyone,
I am a new investor and am trying to set up my business entity before I dive into the game. I have talked with 2 attorneys and both have given me the opposite advice. One said to create a LLC (singl...
John Warren
Keep or remove washer/dryer in unit
Hello everyone!When my wife and I closed on our new fourplex we knew there were several issues we had to take care of with the township. One of them is that the plumbing for the in unit washers may not be vented prope...
Mahender Bist
Where to form LLC for legal protection - Business in AL, Living in CA
I am an investor starting my real estate journey. I am about to begin purchasing rental properties in Alabama (Birmingham) and rehabbing and renting them. Based on your experience or expertise, will an Alabama State L...
John W.
Buying a 17unit with a friend, what to charge for managing it
Hi everyone, I'm buying a 17unit in the Buffalo Niagara NY area with a friend. Rents average about $500 (25% under market value), fully rented as well. I will be managing it as he is out of state and I have 10 years e...
Ryan Cameron
Reinvest or Payoff Debt?
I felt like this would be a great topic for BP's Pros and Newbies to discuss.With $20,000 in cash and $20,000 in debt (Existing loan on a rental property @4.75%)Would you use the $20,000 to purchase another property o...
Adam Giles
Fair Housing - Therapy Animals and Pet Deposits
I have been searching around in previous discussions and have not found anything specific regarding my concern so I am posting this discussion on an admittedly common subject so people can hopefully share any experien...
Maugno M.
FHA Appraisal Kicking my A** on house I'm Selling.
So i have a SFR that i completely remodeled and have under contract for 65k. We are suppose to be closing next week and the FHA Appraisal just came in. The appraisal came in at 67k so we are good on that but they ar...
Ben Sears
Strategy at End of 27.5 Year Depreciation
I was having a conversation with a partner on some of his SFR properties in regard to depreciation strategy. He owns three SFR with a monthly cash flow of ~$2600. Two of the properties are paid off and one has a mortg...