Terry Madden
Airbnb Vs. the rest
Hi All,
For the past decade, I've been investing in long term rentals in various areas of NJ & PA. I recently closed on my first short-term rental property located on the Jersey shore. So far, I've had a lot of ...
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Lease verbiage for Attorney and Collection Fees?
Does anyone have any recommended verbiage in regards to Attorney and Collection Fees that I can put in my lease and or rental agreement?
Jackie P.
Tax Implications of Flip and Option Cancellation
1) Investor 1 takes over a house subject to a 65K balance and 3K back payments. Deed executed between seller and Investor 1.
2) Investor 2 puts a 1K option on the house with Investor 1 at a purchase price of 75K.
...
Courtney S.
Using 2nd home equity to construct additional units
We have a multi-family property that we are exploring adding several additional units to. I also have a vacation home that I own outright. It seems the best option for managing the cash outlay for the construction o...
Rohan Siddaraj
Crazy HOA Lien - Any Advice is much appreciated!
Hey guys, I have a house under contract in GA set to close next week. The house has a HOA lien. In March 2019, it was around 7.5k(fines)+2.5k(attorney fees), today it is right under $60k. I'm working on writing a lett...
Neel P.
Seller won't sign Cancellation. He re-listed unit. What can I do?
I was under contract on a duplex in Missouri and the financing fell through.
Its within the 45 day Loan Termination Deadline period, and the sellers agent was made aware.
Long story short - the seller got mad and i...
Julio Gonzalez
Historic Tax Credits
Understanding and taking advantage of the variety of tax credits boosts the return on your property and allows you to be part of the move to conserve our nation’s historic treasures.
When rehabilitating or investing ...
Amaf J.
Cashing out Roth IRA for REI?
Hello everyone,I just wanted to ask a question about using the funds from my Roth IRA towards the purchase of property. I've done some calculations and realized that my Roth IRA is yielding some horrible rates of retu...
Jeff S.
Finders Fee for Offmarket Multi-Family
Hello BP Community,
I am working on ramping up my RE portfolio and someone through my network is working on getting me an off-market deal with their landlord. I am trying to better understand how to reward this perso...
Matthew Bernal
Trusts, LLCs, and AirBnBs
Hey BP Fam! I hope that everyone's 2024 is off to an outstanding start!I was fortunate enough to get a property under contract at a great price from mentors of mine. They had suggested using a trust to hold the asset ...