David Bilandzija
LLC & Trust, no EIN - How can I open a bank account?
Hi BP,I'm representing a borrower in FL and we are at clear to close on his cash out refinance loan (investment property). We cannot close because he wouldn't be able to cash the check for his cash out proceeds. The ...
Wendy Schultz
The right Wholesale Contracts
Where do I go to obtain a Purchase and Sale contract, and an Assignment contract? And furthermore, how do I know if it has the right verbiage in it with the right clauses and disclaimers? This is important because I d...
Ayodeji Kuponiyi
Security Deposit Drama
I woke up this morning to the sound of someone banging my door. Turns out it was an old/ex tenant that moved out earlier this month. He was upset to find out via mail that he is not receiving any of his security depos...
Calvin Rankin
Is this something to worry about?
My wife is adopted but met her birth mom some years ago so we do have contact with her. The birth mom is a very shady person who does a lot of highly questionable things which is why I'm asking this question here.
Th...
Christine Swaidan
Charging for Cleaning AND Replacing Carpet?
I have just replaced carpet and pad in bedrooms of a SFR that had pet damage. Before replacing it I had it cleaned professionally but odor remained. Carpet is two years old and tenants lived in house for 14 months. I...
Al D.
How to tell if what’s in a K-1 is UBIT and you must do a 990-T?
I (my SDIRA) received a K-1 with “current year increase” of $2,749. This is for a real estate syndication. I was not expecting to be hit with UBIT until the end of this partnership, when equity is to be liquidated. ...
Mary Kenney
Should I create an LLC to start purchasing properties?
Hello investors, Should I create an LLC to start buying properties with? Specifically, the plan is to buy single family and small multifamily homes to rent out. What are the tax benefits of buying these properties und...
Jesse Birdwell
Weird tenant eviction scenario....
Hello all, hope someone can provide me with some intell. I am in a weird situation with one of my SFH Rental’s in Tennessee. On July 1 I had a tenant move into the house. Meet her the Saturday she moved in and collect...
Simona Potocar
Months of Research - 1 Conclusion - No Risk No Reward
Hi There BP!I first heard about wholesaling a little over two months ago, just randomly via a podcast hosted by Sean Terry.As a realtor, I had never heard of this before! And to be honest, neither had my broker or any...
Kel S
Another interesting way to make $ in RE??
Ok, so I was scanning Craigslist and came across an ad that basically went like this.
"Are you an out of town investor? Want to buy property but don't want to jump on a plane in order to see it? Let me help you! For ...