20 October 2020 | 4 replies
Hello BP Community,I am new to being a landlord and would like your feedback on a prospective tenant.This person lost their home and wife in a tragic single home house fire in June 2020.
20 October 2020 | 3 replies
The limited liability protection is only "good" for assets that they LLC controls which is one reason that having the mortgage held in your name isn't such a good idea.
10 November 2020 | 5 replies
.), geographic considerations (population in the 3 and 5 mile, population growth, rent, occupancy, and cap rate comps, crime statistics, traffic count), sponsor/general partner track record and expertise, asset class considerations (it is possible to invest in an asset class with a small amount of equity that you may have no experience in), master lease, exit strategy (you do not get to control the exit, the general sponsor will trigger the exit based on their goals and objectives).The other thing to consider is that sponsors will sell equity on a first come first serve basis.
20 October 2020 | 16 replies
My reasons for not wanting to invest any more than the matching is due to the very limited control i have.
20 October 2020 | 5 replies
I own 9 rentals and the secret is all cost control.
20 October 2020 | 6 replies
The dollar has already lost 97% of its value since the creation of the Federal Reserve.
20 October 2020 | 1 reply
I provided management, quality control, local contacts, and real estate experience.
21 October 2020 | 4 replies
Hi All - Unfortunately I have lost trust in my CPA after reviewing my latest tax returns(they missed major expenses that I had to call out) so resorting to this community for learning and knowledge while I also look for a new CPAI bought a property in my own name in February and then bought another one in LLC 1 in May and then a 3rd one in June in LLC 2.
20 October 2020 | 0 replies
Nothing worst than not getting paid AND having your property damaged.Knowing what the moratorium prevents - and doesn't - allows us to act quickly and regain control of our businesses.
20 October 2020 | 3 replies
Because this is a month to month lease, am I allowed to be firm and make them leave, or would this be considered an eviction, which I know are not allowed now because of covid.We are planning on renovating the unit and then raising it to market rent.I would also consider allowing tenants to stay if they would be willing to pay closer to market rate, but I don't believe I can legally request that CA rent control laws.