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Results (10,000+)
Kwanza P. New Here to the platform
29 January 2025 | 15 replies
I would search the BP forums because your tax / legal related questions likely have already been asked.However, it doesn't hurt to still ask the forum what your questions are.
Yamil Naf Seeking Advice: Raising $160K for a Second Short-Term Rental Investment in FL
10 February 2025 | 10 replies
To attract investors, offer incentives like high cash flow potential and tax benefits, and structure the deal with clear legal terms and contingencies to minimize risk.Good luck!
Joe Ziolkowski Glad to be here!
26 January 2025 | 1 reply
If you need financial help, ask under the "Finance, Tax, and Legal" forum.
Adriana Medina Questionable Prospective Tenant
6 February 2025 | 11 replies
(This is the only time it is legal to screen 2 applicants at the same time here.)
Sarah Ali Found potential first property - need help on how best to approach selelr
25 January 2025 | 6 replies
Quote from @Sarah Ali: The seller has a contract with the agent, which means they can't legally sell the property without compensating the agent.
Makani Donaldson How to be of use
3 February 2025 | 9 replies
Many investors are growing their brand and their online presence and this can be the bane of our existence if it's not something we excel at.
Drew Sygit New Michigan Law: Landlords Can't Discriminate on Tenant Income Source
21 January 2025 | 11 replies
.: I haven't passed this past legal review so for what its worth: Part of my standard requirements for everyone include income is at least 3X rent, minimum credit score, say 640, Clean record and no evictions as well as deposit is paid in full at signing of lease and 1st month rent is paid in full prior to handing over the keys.
Jeffrey Bourque Found a Deal but Not Sure
27 January 2025 | 7 replies
. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Matt Weddon Legally Rejecting Applications
2 January 2025 | 18 replies
Maybe they've been burned by landlords in the past and are being very careful.You can legally reject them based on personality, facial tattoos, body odor, or other factors, but you better make sure you can prove that it wasn't based on any protected class like race, religion, familial status, etc.
Matthew Orr Should I sure for specific performance?
26 January 2025 | 2 replies
I am obviously conflicted with the moral side of pursuing legal action here, but understand that people can do untruthful things when it comes to financial gains.