Patty Puckett
LLC Loss - How to take the loss? One year or spread out on taxes?
Our LLC bought a Multifamily zoned property to build a subdivision. We spent about $100,000 with all the costs to get to the PUD Tentative map stage. We decided because of health issues not to build and to sell. The...
Kyle McCorkel
How to determine price of BRRRR
How do you determine a good price to pay for BRRRR property? I know the rental analysis methods (determine NOI, cap rate, COC) and I know the typical flip equation (ARV minus repairs X 70%). Is it kind of a blend of t...
Adam Sharp
Tenant termination prior to lease expiration - Fee collection
Hi BP - My tenant just provided notice to terminate her lease on my condo in Seattle, WA. The lease reads that rent is due though the following month and a 1mo charge is levied. I am holding 1mo security deposit cur...
Christopher Brown
Syndicating a deal AFTER I acquire it through a 1031
Hi all. I've got a self storage deal under contract on a property I ID'd on my 45 day letter. To put hard numbers on this, let's say it's a $1m acquisition, and I'll put $250k 1031 proceeds into it and finance the o...
Keith Jablonowski
401K Loan - How do you account for it?
How would you typically figure in a loan from your 401K into your rate of return?
I wouldn't think you would calculate as debt service since the interest you are paying is to yourself but it does effect your availabl...
Fernando Domingo
Section 8 Housing: Where to start as a Landlord?
I just purchased a property and want to be prepared for section 8 if we have interested tenants. Can anyone tell me the process as a landlord and what I need to do to be prepared?
J Strokosky
New to renting - please help. Renting my house.
Hello,
I am going to rent out my house in Illinois and need advice/knowledge.
I am the owner and have lived in the house for 2 years. I haven't had to do any repairs besides initially getting things to work (centra...
Jeff Betschart
Property Management Company will not pay me out now that I switch
Wondering what action I can take against a PM company that has not paid me my last month's rent on 8 properties and all deposits that they have for my properties. Is there a time limit before I can press action agains...
Christian Jimenez
Things I've learned in 4 months of marketing (short-term rentals)
So I've been the marketing manager for a short-term rental management company for four months now. I can definitely say it has been fun and I have learned a lot. Here are some early thoughts coming from a marketing ex...
Eric Abel
Sourcing Buyer Clients
Good afternoon BP!Rookie agent here! Thus far my business has been slow esspecially on the buyer side. I know this industry can be a slow moving ball and you just need to build momentum everyday. I also, know that I h...