Kenny M.
Tough decision. Sold some properties, others no mortgage
I've been selling off some unprofitable properties, but I made up for it with the sale. Netted around 200k all-in-all. I didn't do a 1031 exchange as I have so many carry over losses from my new construction, it reall...
Kyle Steiner
Out-of-State Investor - How to Handle Bad Items on Inspection
I'm an investor from California and I am under contract on a 4-plex on a property that is in Tennessee. I just received the inspection report back and there are some items that give me pause on moving forward. The m...
Martin Z.
when sending in offers, short format or full agreement?
Which do you prefer when sending offers in for commercial property, a short format 1 page sheet with summary of terms leaving it to later to draft the full purchase contract, or do you prefer to send in the offer with...
John Matthews
Underwater Solution Help
Hey BP,A friend of mine is a bit underwater on their home in Phoenixville, PA. They bought it in 2009 for $173k and it's worth about $150k with about $150-155k left on the loan. They need to move in another year or so...
Rob C.
How to choose what to repair from inspection report
I know that a lot of investors don't bother to repair a lot of the problems found in an inspection report. But how do you choose what to address and what not to? When I talk with the inspectors, naturally they tend to...
Malcolm Darensbourg
Trying to create a system
Hi everyone. I'm currently at 35 units and things are picking up fast. I'm looking to bring my son in and teach him more about the business. I have a challenge perhaps. I've never quite created a system yet. So, befor...
Lucas Allmon
When does a tenant establish rights in Los Angeles?
I’m possibly buying a house where the one owner might stay on as a tenant one of the units. I want to offer first right of refusal on a lease, but I also want to make sure that they would not be able to establish resi...
Dwayne Clarke
Section 8 Tenant with Interesting Story - Out of State Property
Good Day!I purchased a section 8 investment property that was rehabbed in December 2020 and had a tenant in the property at time of purchase paying $550/mth -- December 2021. The property was originally listed at $6...
Rada Vassileva
How do you evaluate the city where you want to invest?
I'm a newbie and still learning how to analyze/compare different areas. I have local lists of Absentee Owned Homes, Paid Off Mortgages, Recently Flipped Homes, etc. for every neighborhood in a particular city (I'm us...
John M.
Tax Accountant or HR Block?
Hi guys -Looking for some quick advice - Would you use HR Block/TurboTax over a RE Tax Preparer if you were a small "start-up" in 2018? Why or why not? Thanks,John