James Mcsweeney
Water bill over 3k because tenant turn on abandoned water meter
One of my tenants turned on an abandoned water meter. This has resulted in a huge water bill over 3k. I am upset at my property manager because they should have told the tenants about turning on the utilities. Are the...
Gabriel Orduna
Considerations Choosing partners
I am currently considering a partnership with someone. I wonder what to consider when entering into a partnership. I remember from one of the podcasts that everything should be spelled out in the beginning and I jus...
David Galvan
Preparing a slush fund for the unexpected...
Hello BP.
Does the money in your slush fund come from your own savings?
How much money should I have in my personal slush fund if I want to own 2-3 properties?
Paul G.
Does taking less cash flow to leverage myself further make sense?
OK, so to give some background.I have a nice condo that is cashflowing $300 a month. Since I purchased, it has appreciated by 85%. Currently worth about 130K, bought at 72K. (20% down 30 year fixed). There is consid...
Account Closed
Canadian / US Partnership
Has anyone worked partnerships between Canada / US residents. I have a few in network that are looking to deploy funds from Canada into the US. We're unclear if this would be best completed by a limited partnership, o...
Account Closed
Can you use the tenant's dowpayment to pay the landlord
When you do a sanwhich lease, you have to give the landlord a downpayment, right? (Sometimes). Can you use the downpayment you'll receive from the tenant and give it to the landlord?You wouldnt have to use your own mo...
Sarah McCluskey
Good cash flow, cap rate & CoC return - top of market price
There have been many discussions about this being a sellers market, and prices are high.In my market (between Chicago and Milwaukee), prices are high, but many of the properties still would cash flow well.When I run t...
Mitch Kronowit
Buying in a poor school district.
I just found a small house in a nearby county. It's a typical opportunity, low price, moderate rehab costs, decent rent, etc. However, I usually look at school districts when I evaluate a house and its neighborhood be...
James Meyer
Withdrawl Roth IRA and paying off rental
I currently have about $30k in my Roth IRA. If I understand this correctly, I think I could pull out only the contributions and not be taxed and penalty free. So, would it make sense to pull out the contribution porti...
Brent T Galbreath
Anyone know about this?
Hey Guys, so I'm hearing more and more about lease options being a great way for a newbie to get started in real estate with no money down. Can someone give me the skinny? Is this legit? What are the pitfalls and s...