Ashley Langeliers
Upset neighbor - looking for advice
Hi all - We own a duplex (we used to live in half but now both sides are rented). The tenant (our old neighbor) has been there for 2 years and are great tenants - always pay on time and keep the house looking great. A...
Tyler Haanen
Owner Wants to Occupy Month After Closing
Hello Everyone,I need some advice. I am closing on a duplex in a few weeks and have just learned that the owner would like to occupy their current unit until the end of September (a week and month after closing).I am ...
Dane Fossee
23 Unit Deal
Hello All, Please help me poke holes in these numbers (owner provided for the most part). C Building in a B area. Unsure about deferred maintenance at this time. Thank you!Unit Type/ Rent /# of units2 BDR $750.00 (1...
Mushfiq S.
Solo 401k to Invest in Real Estate - Rollover Etrade?
Hi,I opened a Solo 401K via Etrade for my LLC in 2016 and deposited the IRS limit 18k + 25% of W2 income. Note that my LLC is not related to real estate. I thought I would use the 401K to invest actively in stocks, ho...
Jasmine Wilkes
how do you get gap funding
im about to purchase this property and trying to find gap funding for an amount under 20k
Account Closed
Seller behind on payments
A seller told me he hasnt paid for 9 months.His payments are 850. That would be 7,650, But what about penalties, taxes, attorneys, etc etc. How can I know exactly how much I’d have to pay in order to get the seller ou...
Mary Jay
What is the best entity to hold real estate- taxation wise?
Hey guys, Could you please help me out?Lets say I have one paid off property, if I put it into a trust- taxes seem pretty high...So its a no go...1) If I put it into a one member LLC then taxes are paid by the LLC own...
Melanie M.
Pre-Foreclosure Subject To--Bad Idea?
Hello BP Nation, I am a rehabber/buy-and-hold investor. A possible wholesale deal has fallen into my lap, and I would really like some help from the talented and insightful BP populace. I am a fish out of water in thi...
Dan A.
Asset-based STR financing w/ no points upfront?
Has anyone worked w/ a lender that offers asset-based STR financing w/ no points upfront and low or no prepayment penalties? No problem if it would require a 20%+ down payment and reserves. Sounds like it might be a l...
Gordon D.
Replacing a property manager
Hello,
I've been using a property manager for a couple years now, but lately their services have went downhill. I should have done this a month ago when the property was vacant. Now I have a new tenant (less than a m...