Evan Aagaard
Stuck with bad tenant during lockdown - what would you do?
So I've been dealing with a bad tenant situation since February of this year. Filed an L1 to evict for non-payment of rent and also filed an L3 because the tenant finally agreed to vacate but then changed their mind ...
Charles Schmidt
Partnership Question - How much of the payment affects your DTI?
Say I buy an investment property tomorrow with a partner and we split the down payment and equity 75/25 (75% him, 25% me), and the total monthly payment is $1,000. If I go to buy a new house hack property next year an...
Chantal Jones
To lease-Option or not? Creative financing help!
I'm a first time investor. I have the opportunity to get into a lease option for a property that I'd ultimately like to buy & hold, but I'm trying to figure out the rehab financing. It's a distressed duplex goin...
Andrew Bowden
Connecticut landlord raising rent by 45%. Legal?
Hello again BP. I have a fair question. I live in Connecticut. On a month to month with no lease. Is it possible for the landlord to up rent by as much as 45% in as little as one month?
The circumstances are as follo...
Steve Schulman
Maxing out credit cards for rehab?
What’s up everyone. Looking for advice from those who have utilized credit cards for rehabs. I just closed on a two-family with a 203k loan— the banks money should cover a majority if not all of the first unit rehab a...
Kaaren Hall
Invested in a House with Your SDIRA? Remember to Keep a Cash Reserve.
After you have invested using your self-directed account, you might wonder about the next steps to take. Importantly, it's crucial to be aware that a lack of available cash in your Self-Directed account can expose you...
Randy Duncan
Who pays for damages on Section 8?
I have some SFR rentals leased through Section 8. If a unit is damaged by renters, who pays the bill, renters or local HUD organization? I can't seem to find the specific answer in the landlord information packet. Doe...
Alain Labrada
Have you done a 1031 Exchange?
Hi BP community!We just closed on the sale of a rental property and are doing a 1031 Exchange to finance the purchase of 3 rentals. The process is fairly simple, there are some rules on the minimum debt and price of y...
Yael Fuerst
LLC question
HiI am planning on purchasing properties in Pittsburgh PA and Burlington AL.Do I need to open an LLC in both states? If I only open in one State can I purchase in another State? Will I incure higher taxes in that case...
Blake Russell
First Property Scenario
I've only been on my journey researching for the past month chomping at the bit to get out there and buy a home...however my wife and I signed a purchase agreement back in January on a new house build so I decided to ...