Karen Cook
Rehab after Hurricane Harvey
I am busier now than when I have done previous rehab to hold. I use to hire in subs and oversee, but now I need a contractor and I need to not micro manage. That said, I do have a simple scope of work, materials list,...
Vid Sista
Transfer deed from personal name to LLC
Hello BP friends!
I have a few properties that I had to close in my name, but I'd like to move them under my LLC now.
Do I need an attorney for this, or is this something I can do on my own by filling out some leg...
Dion DePaoli
A Title Company is NOT a Real Estate Lawyer
I just want to point this out. Lately I have seen folks referring situations to title companies instead of properly referring to a real estate attorney. It is important to know what the difference is and it is impor...
Elizabeth Sky
Hello from the Finger Lakes of New York state!
I have lived in an older duplex, in the country for over 4 years now. My landlords are coming over to talk about me purchasing the building this evening. The property was assessed at 105K this year. My landlords threw...
Kathlyn Lewis
End of Delayed Possession Agreement Procedures
Hi all!
Hoping to impose on your great cache of knowledge once again.
My husband and I purchased a property in February with a large garage. We agreed at the time of closing to a Delayed Possession Agr...
Ethan Partee
Developing a rehab estimate
What are some things that have worked for you guys when first developing a rehab cost spreadsheet? Who should you reach out to? Are there any good templates available?
Josh Ferona
Cost basis tax question
Hello, I recently bought a home for about 30k and the home had about 16k in repairs to get it rent ready. I believe this will be added to the cost basis and the cost basis will be 46k but I just wanted to make sure. O...
Mala S.
Renovation Pics for BRRR!
Hello BP, I just wanted to share some pics before/after of my latest remodel of a 3 family house in Hudson County, New Jersey. I renovated 2 out of 3 of the apartments ( 3rd unit was already renovated). Units are all ...
Michael Antinucci
Tenant has sign a new lease elsewhere but will not vacate
We have a tenant whose lease ended on Aug 31st. They have not paid rent for Aug and now Sept. They have signed a lease on another place but are taking their time to vacate the property stopping me from renting the ...
Todd Dexheimer
Cost Segregation in Syndication
To the companies that are syndicating and LP investors: What are your thoughts on cost segregation studies? 1. Do they save your investors money over the life of the hold?2. If your investors are W2 emloyees, how do y...