Matt L.
Rental property with both attached ADU and detached ADU
Hi BP community,
I wanted to check in and see if anyone has experience in this area. We have a single family home that's been modified and now has an attached companion unit with its own kitchenette, bathroom and si...
Milin Parekh
California: How to convert rentals from Personal name to LLC
I have 2 rentals in California: one Single family and one triplex both in California. both properties are under my personal name. I am trying to learn different asset protection strategies using LLC. and Land trust. A...
Roseann Koefoed
Stuck in an unfair laundry lease
I just closed on 24 units in Illinois. I found out at the closing table that the Seller was passing to me a completely unfair laundry lease with Jetz. 10-year auto renewals if I don't provide 365 days' notice to can...
Quito Keutla
Senior Housing Outlook
I'm curious what your thoughts are on the outlook for senior housing. As we know the baby boomers are reaching retirement age. I read a recent Census Bureau that states:By the year 2030 will marks an important demogr...
John Oliver
LLC for business & interest deduction + residence?
I have some questions regarding the purchase of a personal residence, potentially via an LLC (state of CA). The following describes the scenario and goals (which are somewhat unique). The names and amounts are fiction...
James Letchford
Under Contract on Contanimated Property
In September 2017, I went under contract for a property in Southern New Jersey for $94,500. It needed $65K to give it an ARV of $200K. During my inspection period, we noticed signs of an oil spill around the tank outs...
Account Closed
Potential IRS lien on a property won "free & clear"
Hello - I recently won a property at a Pennsylvania Sheriff's Sale auction. It was auctioned with a "free and clear" title. There are currently tenants residing there who referred me to their landlord (property owner ...
Kim Handelman
Condo Rental - Call me crazy but I don't see a downside!
I can hear the gasps as I sit here and type. I'm currently wholesaling to raise capitol to invest in buy and hold and I've noticed this weird little niche market here in CT. Wondering if anyone could weigh in on wheth...
Jaime Frausto
Lease option
Hello I have a potential customer that has been approved for a Short sale on his current home. (he is upside down big time- owes $220K worth $105 ) and has $15K to put down on a house. I am looking into purchasing a...
Account Closed
Additional charges after moving out
hi - after moving out the apartment manager had sent final account statement with additional charges of $1059 for replacing kitchen counter tops, saying they were damaged due to excessive water (my negligence or not i...