Thomas Williamson
Questions about Terminating a ROBS
My wife and I used Guidant Financial several years ago to set up a ROBS. We used the money to purchase one rental property, all cash, then placed a mortgage on the property. We've gotten several answers from Guidant...
Josue Vargas
Class A/B property strategies: Cash flow, cash-on-cash ROI?
Hello BP colleagues! Questions about Class A/B properties: As a summary, my market/location is in San Antonio, with high property taxes and low vacancy. I know the market/area should have big impacts on these type of ...
Paul Doherty
Have some cash - payoff rental or invest it?
I have enough cash to pay off one of my rentals, which would increase my cashflow by about $600 a month (house rents for $1375 and currently cashflows about $400).Question is, would I be better off simply leaving that...
Joaquin M Dugan Jr
HELOC or Cash Out Refi
Following a BRRRR project, is it better in your opinion to cash out refi or take out a HELOC and why?
Tyler Heap
First multi-family purchase - first time landlord
Hello everyone - I’m closing on my first 3-family property in May and I’m seeking some advice. 2 of the 3 units will be occupied upon closing. Both units are occupied by tenants-at-will. They are both paying well belo...
Elizabeth Patton
no fault Eviction options San Diego CA 92115
Hi All. my husband and I are trying to turn our rental property (which is on our property with its own address) into a AirBB or short term rental. We currently have an awesome long term couple that has lived there for...
Toni Annis
Need help understanding 1031 exchange figures.
My first fix & hold just turned into a fix & flip. I need help with how to figure the numbers to make sure I don't get stuck with capital gains. Here's the deal...
3 months ago my husband & I purchased a ...
Ryan Swan
Pursuing judgement against evicted tenant
I recently obtained a judgement against a tenant who stopped paying rent. The total judgement amount is $2,556.00 with 4.25% interest compounding yearly. The tenant is long gone, but I'm wondering if it's feasible/wor...
Justi Moor
Rookie Rehab Dilemma 2-Family
Hi BP! I just bought a duplex fully occupied and the tenants are paying; but well below market rent at $1000 and $800 for 4-bedroom units. Both units need a new kitchen and bathroom. I have decided to renovate one uni...
Natalia Zhou
How to report foreign property sales to IRS
I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...