Nehemiah Wallace
Single income family of 7, some debt but want to buy a rental
Getting a good chunk of change back from IRS and I want to start investing by buying a property in the $80-$90k range ready to rent out but the wife thinks we should eliminate our debt first. Is it a good idea to get ...
Wendy Smith
Piercing the Corporate Veil
Can the corporate veil be pierced for an LLC or LP involved in real estate investments in Texas?
Elaine Hester
Yikes—entity fees potentially killing my cash flow, help!
Yep—another newbie here, wondering what I'm missing ... I have only recently learned that owning my properties free and clear puts me in a more vulnerable position for liability and know now that I need legal asset pr...
Jason Thomas
Worst tax consequence of Rental Sale
Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found. I purchased this unit in 2001 for $400k and converted it to a rental in 200...
David C.
Spontaneous Leaks in Copper Pipes
This has now happened 3 times in my primary residence.
I find a puddle on my basement floor, look up and a copper pipe is dripping very slowly from the middle of a length of pipe, its not at a joint, and the...
Courtney M.
Using a broker in multifamily
I've been reading a lot of books about multifamily and one piece of advice I seem to read over and over is a lot of people buying multifamily don't use a buyer's agent - that seems to be frowned upon in this space.I'm...
Nick J.
Your Days Are Numbered! Make Them Count!
I wanted to share a story with all of you that I'm sure you can relate to in one way or another. This will be more a blog type post and I'm posting it here simply because traffic is higher here.
What I'd like to do ...
Francis A.
In fast-growing Phoenix, higher rents have pushed more people to their financial limi
WSJ: https://www.wsj.com/real-estate/eviction-phoenix-constable-1...PHOENIX—On a recent afternoon, Rhys Torres crossed a partly shaded courtyard to a white stucco building. He tapped on a door and a woman in a fleece...
Jay Maranan
Carpet for rental unit? Yes? No?
Hey BP folks,Hope everyone is doing well considering this whole COVID-19 issue the World is currently experiencing. Stay safe and keep up the good hygiene! Even though this virus is going around, I am still focusing ...
Ian Handel
Feeling bad, Older tenant, Under market value
I feel bad. One of my tenants is in her upper 60's, she works for a temp agency and has difficulty paying her bills. She is never late and hasn't missed a payment. She's been living in the building for six years. ...