Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
Huge Red Flag for me!
Braeden Warg
What to pull permits on
27 January 2025 | 8 replies
I have never pulled a permit for a water heater swap, know no one that has ever pulled a permit for a water heater swap, ever seen or heard about one getting red tagged for no permit, and have never had a plumber recommend getting a permit.
Unal Baris Kancoglu
HVAC is red-tagged.
15 January 2025 | 11 replies
I contacted as many companies as possible to get a quote to compare prices for new gas furnaces. I am looking for pricing information from the BP community on how much should I expect to pay for replacement and instal...
Remi Anders
Is only PO Box address acceptable in rental history?
30 January 2025 | 3 replies
You can't rent out a PO box and live there.And yea that sounds like a huge red flag to me.
Bruce D. Kowal
What REALLY Triggers IRS Attention in Real Estate Partnerships - From An Onlooker
29 January 2025 | 6 replies
After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!
Karen Margrave
What do you think of this concept for Seniors, Students, etc.?
25 January 2025 | 5 replies
I was thinking this might work on my property in Redding and can be adapted to a shared housing project for seniors (though I'd want rooms large enough for bed, bath and seating area) It's my understanding that it is considered a SFR with seperated bedrooms as far as planning.
Kris Kempe
Subject to exit strategy PLS HELP
22 January 2025 | 13 replies
When we present a Subto for investors to buy, it has to have enough meat on the bone, all said and done, that the investor will still have equity and the property will cash flow.For instance, I have one I'm working right now, that has a high entry, because the seller wants some cash out to himself, but even with that, the buyer will wind up with $50,000 in equity.
Joshua Alcantara
Finding Sellers with Messy Titles in Real Estate Wholesaling
26 January 2025 | 6 replies
Quote from @Joshua Alcantara: I’m looking to move out of the current "red ocean" of real estate wholesaling and focus on helping sellers with problematic titles, such as liens, divorce issues, probate, quitclaim deeds, etc.All my previous high-value assignment fees came from working with sellers who inherited properties without a proper deed.
David Ritz
What should I do to get rid of my tenant?
21 January 2025 | 2 replies
I noticed that the previous owner let them pay half the security deposit and the other half later, which is a red flag.