Hello everyone! I’m a newbie and will be closing on our first LLC rental property next week:). I did a 30 year cash out refi on my paid off home so I can loan that money to my LLC to buy this property cash. I have a l...
If I have someone that invests let’s say 50k, into my deal, what arrangements can be made to pay him back? I read and hear how good this to have this done but have not heard anyone explain how the investor is paid bac...
A friend of mine told me about her parents' vacation rental arrangement, and this setup really appeals to me. It's basically a time share arrangement among close friends & family. As I understand it, one person ...
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
I currently have 3-family and would like to expand but do not have the capital. My original plan was to build more equity in existing property and build up enough for next down payment, however I already have an inve...
I am a Realtor, Contractor, LTR/STR Investor and Property Manager. I get asked all the time by friends and family to "go in a property together" but I can't seem to find a scenario where that makes sense to me. I kn...
Just wondering what everyone's opinion on this is. I have a mom and daughter who usually pay rent 6 months in advance, due to the fact they cannot control their spending. Well they called this morning and they have ha...
Greetings! I've been a BP member for awhile and while I have purchased real estate with my own money, I now have a private lender (a relative) who wants to invest with me on my next deal. I am buy-and-hold, so I want ...
Hello fellow BP investors,
I need some clarification, and would appreciate any help. My question is, can a seller owner finance a property he still owes? The seller is moving to a bigger property after living...
Background: My partner and I created an LLC exclusively for the purchase of a multi-family property in KY. We both put in equal amounts of personal cash into the LLC's bank account to cover purchase costs and rehab ...