Devin Stratton
Found out my tenant want to end lease from prospective landlord
Hello BP community, I am a new landlord seeking advice on a breach of lease situation on my first rental. Back story: I am from Houston, Texas and my tenants just moved from Denham Springs, LA for new employment . The...
Mark Mynhier
Difficult contractor
Question: How do you deal with a contractor who balks at doing repairs that an inspector says are "safety issues" and is weeks behind in the rehab? It would be real easy to be hard nosed, but he is also working on ano...
Raman Saka
Previous owner showed higher rent than County records
Hi
I am in a situation where I need some advice. I recently bought a 2 unit multiplex which has section 8 tenants. This property is in Tarrant county TX. Before closing the previous owner gave us leases and based on...
Chris Seveney
Iowa land contracts - did you know
Did you know in Iowa you have 90 days to record the land contract? If it is not recorded and borrower defaults you cannot seek forfeiture until it is recorded. Once it is recorded and it it is older than 90 days the r...
Lenee Thomas
Commercial financing needed, referrals requested
Hello everyone! I have a client that is seeking funding on a commercial building in GA. Would prefer to use someone that comes by recommendation via a past or present client, as she's had to deal with some less than e...
Account Closed
Independent contractor Agreement. What to include?
Hi everyone,I'm trying to put together an independent contractor agreement. Any tips on what to include? Is there any place I can find a draft so I can have a general idea of how the agreement should look like? So far...
Laurie Chimento
80% refi possible to complete BRRR process
Hi all,We are ready to refi a rental home we bought and fixed up. We have owned it for a year now, so I'm hoping it meets all time requirements to do a refi. The broker I used to do the original purchase can do 15% do...
Wes Love
Commercial Multifamily Lending
Hi all - I own a few properties currently and am ready to scale up. For now I'm working to align the capital necessary to purchase a property at or around 20 units within the next couple of years ($1M-$2M purchase+reh...
Juan David Maldonado
Conventional VS DSCR Loan
Hey, I'm getting ready to purchase my first single family investment property. I have money saved up for a down payment plus more and good credit. Should I go the conventional loan or DSCR loan? I want to scale up aft...
James Sedano
IRA withdrawal to fund investment properties, can a cost seg help to reduce tax bill?
Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...