Hi BP Community-I need some advise on a current rehab that is going south. Most of these issues are self-inflicted but I need help on next steps. First, my contractor and I have a handshake agreement on the rehab of m...
I have a pool of tenants inquiring to rent and one of them is a 71 yr old senior citizen. What are the pros / cons of renting to senior citizen? What do I need to ask besides the usual stuff like income proof? If a...
Hey there!Long-story-short, a friend of my father is interested in investing money in real estate with me (flipping). I feel that to keep waters clear since the beginning, a partnership agreement must be signed before...
What can I do if I did not claim depreciation on some years of my rental property ownership?Is there ever any benefit to not claiming depreciation?If I plan to own a property very long term, would it be more beneficia...
I’ll try to be brief
I attended and won a auction for a SFRbefore I wired the funds I ask the lawyer in charge will this satisfy the first seat mortgage Wells Fargo. He answered no. I politely passed. Unsure of what I...
Hello BiggerPockets community,
Background: I am closing on a duplex soon. During the inspection, I met all the tenants. At first glance, they seem nice and reasonable. I will rehab the property and accommodate to the...
Hello I'm sorry if this has been asked before but I haven't seen anything on my specific case.Me and another GC friend of mine want to flip a house together. He already purchased the home a few months ago and the titl...
I’m looking at a multi family in California that is currently rented out. I’m told I can’t evict the tenants and they can stay as long as they want. Is this correct?Looking at the law it looks like I can evict for maj...
Hi Everyone. We bought a house about a year ago with a SD IRA. It was a more complicated process than I expected, but it worked out fine. We have a nice property and a reliable tenant that is paying the rent on time. ...
So I have a rental. It has appreciated a good amount and I am ready to sell it for a decent profit various reasons. We won’t go into them. However, I just reached the decision to sell it an hour before posting this (s...