Isaac Hanai
Investing in the St. Louis Market
17 January 2025 | 3 replies
I am an out of state Investor and I know a lot of you live and invest in St.
Paul Whitehurst
Bank is declining my HELOC - HELP!
18 January 2025 | 9 replies
Stating that they are using the mortgage of the investment property as a reason because it would put me above their threshold.
Charlene Kingsnorth
Private Lender Loan Servicing Software Fees
15 January 2025 | 15 replies
The Note/Mortgage for each loan states the dollar amount invested & the % of the total loan by name, for each investor.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
Notices, eviction laws, tenant rights and landlord rights vary by state, with some county or city overlays.
David Jesperson
Fix and Flip First Experience
17 January 2025 | 5 replies
Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!
Brian Stinson
Insurance deductibles for SFR
6 January 2025 | 5 replies
.), how litigious is your state, your own loss history/ratio as an individual investor, the carrier's overall loss ratio in a certain state/area, the deductibles you've elected, etc.
Carlos Lez
Tenant's cosigner asking to break lease due to medical reasons
14 January 2025 | 9 replies
1) Yiu REALLY need to know what CA will allow you to do, I don’t know, but the state may say too bad landlord, you lose. 2) Assuming your attorney (Or you if you’re able to decode the laws that relate to your situation and are willing to go to court in front of a judge against a “sick” kid.) think you have the right to collect the rent I’d give them two options.
Carlos Rodriguez
New to US market
11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
Joshua Parsons
Really long distance investing (International)
18 January 2025 | 42 replies
This, and the work ethic here are completely different than a capitalistic country like the United States.
Ajit Singh
New Member - Serious Investor - ISO of a Mentor
6 January 2025 | 5 replies
My partner and I are in our 40's looking to acquire multi-family properties out of state for cashflow.