Henry Clark
Self storage- 25% vacancy, Where's the "Easy" button?
Corresponding with a person on an older location that has 25% vacancy.
Initial response:Your original issue is 1/4 vacant. Your steering the conversation towards online marketing. Attached is a checklist to work yo...
Nathan Frost
LLC Address (What is best for security)
Hi, I have a few rental properties in my LLC name, however, I looked them up on the county website and it has my primary address for the LLC. This is correct but what do you all recommend for protection as far as th...
Robert Steele
De Minimis Safe Harbor Election (expense rather than depreciate?)
Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...
Robert Gant
Out-of-state rental properties
Hi Everyone, I live in NJ and am looking to invest in rental properties out of state. I am new to investing and realize finding a cash flow in NJ is unlikely. Can anyone walk me through the process with your own exper...
Blake Dailey
HELP - Seller Insists on a Physical Bag of Cash Under the Table
I have a seller insisting that the only way he will sell is with a physical bag of cash ($40k or more) under the table so that he does not have to report that income (in Florida). He wants to seller finance a lesser a...
Timothy Neafsey
How low is too low to offer?
Have my eye on a 16 unit that has been hit with a death of owner and now illness of surviving spouse(at least that is what RE agent claims.) Looking at possibly putting an offer in but from what I can tell( I am rely...
Account Closed
Getting approved to refinance 2018 while 'taking a loss' in 2017
Without going into the weeds on the 'why', Last summer I quit claim'd a non-performing rental (Mayflower) taken Sub2 (with a basis of $65k) back to the original seller, in exchange for them forgiving $42k in notes for...
Todd Connelly
Key West Resident Looking For Help
My wife and I are full-time RV enthusiasts, and brand new RE investors. We only have one rehab to brag about. It was a four-plex we flipped back in 2011. We didn't make a ton of money, but were surprised at how the mi...
Michael Beeman
Submetering 2 small MF properties
Hello BP,I have a large older home that was a nice value purchase andI am putting some money into it and creating a nice 3-plex. I also have a 6 unit Apartment building. Neither of these is sub-metered for water or El...
Lee Common
FDIC chairman Sheila Bair calls for an "aggregator bank,"
which will buy bad loans from banks.
"The idea here is that the aggregator bank would buy the assets at fair value. Some are concerned that you...