Mathew Morford
Seller finance to flip a house
Hello everyone,My question is: if I was to find a property I wanted to purchase, but wanted to do seller financing so I can use a loan to finance the rehab, is it possible for me to sell the house after the rehab when...
Dawn Ramsey
Project Manager (PM)
Of the investors that flip houses, how many of you would hire a PM to manage the renovation of your property? What services would you want from the PM, i.e. SOW development, initial estimate, hire contractor, etc?
Thaddious Echols
LLC, S-Corp, or C-Corp
My wife and I are just starting out with REI. We've set up company emails and a website. Now we are trying to get the tax and EIN stuff straight. What's is the best path to ensure we don't start out on a bad note by p...
David Jay
Buying a property with a section 8 tenant
I am in escrow for a multifamily with one section 8 tenant. Their lease ends in ten months. I understand I need to honor existing leases. My plan is to renovate the property and with the renovations move the rents ...
Cathy Wilson
Memorandum for land contract
I want to buy my sisters house. It's owned and has no mortgage so we are drawing up our own unconventional agreement for payments. However, she doesn't want me to record the deed until it's paid in full. Will the memo...
Daniel Highsmith
Home Equity Line of Credit and Cash on Cash Return
I recently got a HELOC since I'm looking to by a good deal fast when I find it. After reading some BP articles and posts about analyzing deals, I usually make the good/bad deal decision based on the Cash on Cash Retu...
Reagan Clo
House Hacking a Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $390,000
Cash invested: $70,000
This is a duplex that I am house hacking as a buy and hold investment. One s...
Gurpreet Bhinder
Property managers in Tampa Bay and Ocala, FL
BP Network, I am exploring the Tampa area for MF units. Are there any PMs out in Tampa and Ocala that you can recommend or connect me with?
Mayer M.
LLC formation question flips/rentals
Hey,
For rental properties is it best to have a standard LLC? and for flips a separate LLC taxed as an S or C Corp?
I have a partner and we are equal owners.
Thanks!
Bob Bates
Management software recommendations
Any recommendation for a good preferably open source rental management software that primarily handles back end accounting? I've used Quickbooks for years but it isn't really tailored for rentals and has become very ...