Mary Jay
What is the proper way to
Can you guys help me out with this?I know that the rents deposited into my LLC bank account can not be just transferred into my personal bank account (Because if I do it then it pierces the corporate veil) 1) But what...
David Pugh
How to properly apply tax deductions
Hi all - I'm just starting out my plans to invest in a rental property. I've built a pretty good model, but I'm trying to figure out one key aspect around taxation. For my example, let's assume the following year 1 pa...
Maxym Le Deux
Proper contract type for owner financing?
Hello everyone! We would like to buy our house from the landlord. Currently, it's a duplex with the landlord occupying half and we the other. We already agreed to buy it with "owner financing". Since the owner still h...
Amber Forkey
Proper Notice for Lease Non Renewal
Location: UPSTATE NEW YORKHi all! First off, I'm not certain this is the appropriate forum to be posting this on so apologies ahead of time if this is not the correct space. Situation: House went under contract for sa...
Klemont Wright
Proper valuation of unfinished new construction
Hi all.We have a couple opportunities ti purchase a couple properties (one is a single family, the other is a duplex)Both of them are new construction but only about halfway complete.We have learned of the reasons why...
Andres G.
Section 8 - How to properly screen
Hello BP Folks! Wanted to bring up the topic of section 8 potential applicants.
I have a 3 family in Hartford, CT that was recently updated in an area where section 8 applicants are common. I have the typical rental ...
Charles Romano
Properly Evaluating Condominiums & Maintenance Costs
Hi All,Lurker, podcast addict, investor in Myrtle Beach SC, NY, and NJ, and finally publishing my first post here. Was curious what the community's thoughts are on condo investing evaluations.While many HOAs are diffe...
Claudia Rhoden
How To Properly Manage Rental Property
When buying rental property, do you have to have a property manager in each state you have rental property? Or is it a “one company takes care of all” type of thing?
Jason Rivera
How to Properly Fire a Contractor?
Hi all,I hired a contractor to work on my 2nd flip. In the 2 months that he's been there, he's only completed the roof. He's still working on the framing (which should've been a 2 or 3 day job). He knocked down a b...
Lee V.
Proper procedure for screening potential tenants?
Hi all,Is there a website that you guys reccomend to do credit and background checks?? If there is a fee to do so, would the tenant pay for it? Do I refund them? Or is it part of the protocol. What is the minimum cred...