I purchased a fixer apartment house, unoccupied, in 2020. It will be ready for occupancy in early 2024. My accountant said I didn’t need to issue any 1099s yet because the property is not in service as a rental. This ...

I just bought a inherited tenants with a new rental property i purchased through my LLC. One of the tenants is asking my manager to tell her who the owner is so she can speak to the owner. Are we obligated to do that ...

I have some private money I can use from multiple people. How should I go about managing it? Do I create one checking account and have everyone transfer money in there? Would this get flagged by the FBI if there's tra...

I posted a question last week pertaining to a technical aspect of virtual/long-distance wholesaling (how to estimate repair costs from afar), but now I have a question that pertains more to, I guess you could say, the...

Hello! I have a tenant that wants to move out, and refusing to pay rent. I need an attorney to handle this. Due to plumbing issues he claims that property is “inhabitable” and says he will leave without paying. I offe...

Hello, I have a 12 plex in Colorado Springs and First Bank is handling the loan.  They recently said I breached the covenant of the mortgage by not meeting their Debt Coverage Ratio of 1.3 in 2022.  Due to this, they ...

Hello BP! This is my first post ever even though I've been reading on the site for some time. I can usually find the answers I need in old threads but on this subject I haven't found exactly what I am looking, hence t...

Hello BP community

I am a landlord to single family home in a college area in Ohio. I have 6 ladies that all signed a lease and each have a guarantor. My lease states jointly and severally for each tenant and their g...

Hi BP - and Happy FridayI have lived in my two family for over two years and ready to make a move.  Looking to house hack again but this time into a 3 or 4 family.The first lender I am getting pre approved from ran th...

When do you want to to assign and when do you want to double close?

I've heard that double closings are difficult, is this true? Do certain title companies not like them?

What else is there to know?