Cyle Sicurella
Financing Advice for Rentals
Hello All,
1st post here! My wife and I are young real estate investors from Long Island NY. Aside from our Long Beach Co-op, it’s nearly impossible to scale here because we’ve been priced out of this market and wi...
Ward Hubbell
alternatives to evicting a slow paying tenant
I rented a unit to a young man last month and we have had to chase him down for his rent every month since. This has happened twice in a row and I suspect it will continue. He says his roommate won't pay. He's offered...
Angela Crockett
How to proceed with a possible off market single family house
Hi, This is my first post here and this would be our first real estate investment purchase, if we go through with it. I have found a house that the owner seems to want to get off her hands. She has already moved out. ...
Joshua M.
Does the 50% rule apply for short term renting?
I am thinking of renting my current primary residence. I dont plan to hold it longer than 2 years so I am wondering if the 50% rule would apply?
Monte Blunk
Question on renting to a section 8 applicant for a duplex
We are renting out a duplex in a great area and we just had someone who asked us if we accept section 8 renters. We have not come across this before. Does anyone have some thoughts on this? Anything we should know ...
Jonathan Serna
Where/What would you invest with $300K in 1031 escrow money?
Hi BP,Looking for some advice from the BP community. We are a few weeks away from the sale of our NYC apartment. This will net us $300K profit that will have to be put into 1031 escrow to defer capital gains tax. I mi...
Daria B.
Negotiations with Seller
hi BPers-I've just begun this process. It seems unheard of to offer 30k below list but I've read others in the forum who actually closed on the deal.I'm having my agent present an offer but we discussed it first. Loca...
William Coet
Invest in a Syndication as an LLC or Individual
Hello,Looking at investing in my first syndication as an LP. Are there any potential problems with investing as an LLC and not as an individual? I'm considering doing it as an LLC to reduce liability.Thank you
David London
How do you monitor your contractor 2 states away?
Contractor is a month past deadline and not even half way done with job. (Only demo..rough plumbing and some rough electrical).On my last visit to the site about 10 days ago there wan no progress from my previous visi...
Gregory Childs
Exceeding 20% rule
So, we buy right - we rehab the property - we advertise and the we get a valid contract signed. All is good, even the apprasial exceeds our selling price.. and our profit margin is strong (around 30%).
Then we get the...