Larry Spradling
Tax question from a newbie
2018 was my first year of owning properties. I bought two turnkey properties and received a 1099 for the rental income they generated. I entered this info into Turbo Tax. I was expecting some tax benefits. Am I mi...
Amber Turner
Pulling out equity to hold for possibly later date
My husband and I were considering pulling out the equity in some of our homes to set aside for a future purchase, so we don't lose it when the market drops. We haven't found anything yet that makes sense to 1031 them ...
Victor Umeh
Things to lookout for in a Subject 2 Deal?
Hey BP Family,I am an investor in the Augusta, GA area with 1 property currently. I'm looking to purchase another property and have come across a Subject 2 opportunity to take over the remaining loan balance from a Wh...
Daniel Dawson
First eviction
Hi all, I have a question regarding my first eviction in Kansas. Tenant is 25 days late on rent now. I received a bounced check last week and was informed the tenant is in an inpatient rehab. I did however already se...
Idan Narotzki
Eviction at the last month?
Hi, I am a new out of state investor. I have SFH that is managed by property management. I bought it on May 31 with tenants(that are renting...) I'll be glad to get your perspective on this topic. My tenant's lease is...
Sidney S.
What entity should I create?
Hi everyone!My husband and I are planning on jumping in to the Chicago market and are pursuing fix/flips. We are having trouble deciding which entity(LLC, S-Corp, land trusts, etc.) to create and are looking for advic...
David J.
Nightmare scenario playing out. Can’t evict!
I need some advice please.
Northern California landlord here. Tenant couple who are late on rent 9 out of 12 months has not paid at all for April.
Claims it’s because they both are working less or not at all. (Mix...
Steve S.
Have a tenant starting in 2 months. When to get security deposit?
They just passed background and credit report today. When should o have them sign the lease and cut the check for the deposit and first month's rent?
Benedict A Hubbert
Has anyone used construction bonds on single family flip?
I ran into a situation on a flip where the GC was not insured or bonded. He hired a bunch of sub contractors who he didn’t pay even though I paid him. This was in Texas so the sub contractor put a lien on the proper...
Joel F.
Tenant moved additional people in ...now what
hello,I have a few rentals. One that rents for 900 per month leased to two 50 something adults. They are bigger folks. They appear to have moved in two of there 16 year old grand kids who are also large people. The...