Jason Gaccione
Where in New York for a first deal?
12 August 2018 | 22 replies
Hi Account ClosedI'm seeing most of the better properties in Babylon, Bayshore, Lindenhurst.
Steve Shultz
Landlord problems rental property
1 August 2018 | 11 replies
It was getting cold he said ok I also explained to him the outside ac fan had a Edison summer saver plans which turns the fan off at certain times he under stood but wanted the box off so I called Edison And had the box taken off problem solved .a week after i got a call from tenents saying they got a message via text from the water company stating continuing runner water possible leak.so I went noticed they were running a swamp cooler 24/7 they said the ac bill was high so weve been using a swamp cooler,and they filled up a above ground pool .i asked them did they call the water company to let them know of the pool fill up they said they didn’t.i called the water company to talk to them about the running water text my tenants got and explained to them they run a swamp cooler that runs on the water faucet and they fillled a pool ,and all the household water use from big family.the water company said that’s why there getting that text.they also said that for me to talk about there account water usage they have to call and give permission so I asked the tenants they refused.its gets better,I get another call from the tenants now sayin one of the toilets are making a noise.so thinking the worst I go just a stuck handle.so while I was here I th ought I might as well change out all fill valves and floaters for all three bathrOoms so I did.was there a few hours making sure they were running properly and leaks.i remind you that was on a Thursday.on Monday my tenants send me a bill via picture text from a plumber saying all toilets leaking cleaned out all fill valves because they were clog and put in new flappers leak fixed.i asked the tenants why’ didn’t he cal l me he had no excuse,so I called the plumber he said they clogged and he cha changed the flappers.so i come Back how’s that if I just put all of that new four days Pryor on Thursday he couldn’t answer me free.now im getting I’m not paying my water bill because of the leak.now they sent me there water bill .with previous charges from there old residents claiming it as part of a leak.do they think I’m stupid,there clearly trying to scam me.they won’t Give me permission to talk to the water company and the plumber is his good friend.
Matt Burton
Is this subject to a Deal or a Dud?
24 July 2018 | 15 replies
The price generally will be current fair market retail value or if you can reasonably account for appreciation during your option term and set the price accordingly.* Option term should be no more than 5 yrs max.
Dylan Mathias
How to invest in rental properties with a Roth IRA
23 July 2018 | 3 replies
If you quality you will enjoy the benefits such as large contribution limits up to $61,000 per year, exempt from UBIT tax on leveraged real estate, ability to invest tax-free using Roth sub-account and more.
Nick Barker
Newbie in Minneapolis, MN Area
23 July 2018 | 8 replies
My name is Nick Barker, and I decided to create an account after listening to the BP RE podcast religiously on the way to and from work everyday for the last three months.
Kyle Anderson
Inherited funds, what to do
24 July 2018 | 14 replies
., accounting, maintenance, construction/rehab, etc) and decide which role(s) you want to take on and which you will hire out.After that it may should become more clear the kind of opportunity you should be looking for.
Brian Leady
New / Old Member Intro
10 August 2018 | 17 replies
Account Closed I went to ISU and would love to attend your meetings.
Account Closed
Fix Flip for Foreign investor
25 July 2018 | 3 replies
Account ClosedThis is a tough question to answer without knowing all the facts.Where is the foreign investor's home country.You may need to look at the treaty between the US and his country to see if there is any exception.You should also be aware that there may be increased withholding at closing because of dealing with a foreign investor.Furthermore, the income may be considered "effectively connected income" requiring w/h in behalf of the foreign party.
Steve Fitzgerald
Separate account for each property?
23 July 2018 | 7 replies
Right now, income and expenses are coming out of one account for both properties.
Peter Prawel
How do you KNOW your lender isn't going to buy your find?
3 August 2018 | 49 replies
How many times people say they don't trust bank accounts.