I've been looking into the ground rent system recently. (If you've never heard of it, google it. It's a fascinating and completely messed up system that's leftover from Maryland's colonial days and is in serious need ...
This tenant I allowed to start a lease with last June is someone I want to give a notice to. I want their lease end date to be June 3rd. I had the lease wording that says in slightly different wording "This lease is f...
So I and 2 friends created a TX LLC for the purpose of meeting a $100k minimum to join as Limited Partners of an LLC that bought a multi-million dollar, 200 unit apartment complex in Atlanta Georgia. We did this in F...
Surprise of surprises -- my wife has caught the REI bug by osmosis. She'll be able to do this full time, which is something I can't.
I'm setting her up with a marketing strategy (she'd better buy into it, I have a...
Hi,
I am purchasing a property and there is one tenant in the building that is living there rent-free since they work for the owner , they told me that they either can have him vacate the property at closing or I ...
Greetings! My name is Mike.As a locksmith I've encountered a variety of routine service calls, but I've also responded to a few not so routine service calls. While the idea of security seems simple enough, making sure...
Hello BP,What is your recommended way of keeping track of rental income? At the moment, my tenants in my first SFR pay by checks. Am I to keep all of the checks as proof of rental income for a duration of time?I ask b...
Hi Everyone,I am creating my first LLC for real estate investing. Before diving in, I want to understand more about the basics and my options. I have seen this question on other forums, but was hoping for more input.I...
Hi all - Our residential development plan has had a "budget bust", so I'm looking for other alternatives. Here's the story:Background: Since the early 80's my family has owned 8.5 acres with our SFH on it in a good lo...
Fellow BPer's,
I've done 3 or 4 deals already with traditional financing but I have an opportunity to potentially buy 6 units (3 duplexes) with a partner. We can still afford/qualify 4 of the units under traditional...