Christian Laines
How to kick a tenant out of a multifamily?
Hi BP,I believe I have found a good deal doing my analysis on a multifamily. I plan on living in one side and renting out the other, or as we call it "house hacking." The only issue is that both units are currently be...
Timothy W.
So I sold a property to some Australians....
And the profit margin was acceptable and I have to say these guys were an absolute pleasure to deal with. I want to sell them more and have to find ways for these folks to get financed on small investment properties ...
John C
2nd mortgage forclosure
A property with two mortgages is coming up for sheriff sale. The second mortgage, which is a construction loan (and twice the amount of the first) is foreclosing on the property. I was under the assumption that the fi...
Joe P.
Tenant just moved in, and now needs to move out
I swear this type of stuff might only happen to me. After a lengthy screening process on my BRRRR, I signed a lease with my tenant on November 1. Everything is good, received deposit and first month's rent. Just recei...
David K.
Late Rent/Late Fees and not following thru
Just wondering how you all handle these type of situations. In all my RI rental agreements I charge a late fee of any rent that comes in after the 5th of the month. (rent is due on the 1st). I have a tenant who claim...
Lee S.
LLC questions
First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC. She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...
Gaylene Rogers lonergan
New Texas Senate Rulings: Wholesaling, Assignments, Double Closes
How will the new Texas Senate rulings on Wholesaling, Assignments and Double Closes affect your real estate business?If your real estate investor business includes wholesaling, assignments and double closes, you need ...
Austin Green
Cashing out 401k, Is it as bad as people say?
I'm considering cashing out a modest 401k and combining that with cash to purchase a 4-plex. I have seen lots of discussions about the pros and cons of cashing out. Some people suggest solo 401k or self directed, or j...
Account Closed
Hostile Tenants - Need Advice!
Hello BP Community!
I have a rather bizarre situation and was hoping for some insight. I have a duplex (two units, one address) and rented out one unit to tenants and was keeping the other unit for myself. The tenant...
Rick Baggenstoss
Tax Deed in Atlanta question
I'm looking into purchasing a Tax Deed(s) in metro Atlanta, Georgia. Tuesday I'll go to bid on a couple of them. My questions are:- When a property is in pre-foreclosure, would you expect the bank to redeem? Early ...