Daniel Lin
One way to cashflow rentals - not paying property taxes
Here is a case study on investing out of state for us California investors and being a landlord of section 8 housing in lower end markets.
Anyone attending the tax sales in August?
Million dollar tax bill owed in ...
Matt Whiteside
Land trying to be taken by Squatters rights
My Parents own an 18 acre farm in southern, IL that used to belong to my great grandfather. There is a church that is next to the farm. My parents own a part of the grave yard, several relatives are buried there. Well...
Patricia Andriolo-Bull
Summons for returning partial security deposit
Hello. Looking for some guidance. I have spoken with an attorney briefly but would like some thoughts from others.Context:I had a 9 month tenant, upper scale property and tenant, $19K security deposit.Tenant vacated...
Shannon Gauthier
Pet Fee/Emotional Support Animals- Illinois
We have had the same tenant in one of our units since 2015. It is now time for lease renewal and she doesn't want to pay the pet fee for her new lease term because she claims her dog is an emotional support animal. Sh...
Cal C.
A lesson learned in court
I recently had a court date in Fulton County, GA, probably one of the most tenant friendly jurisdictions in a landlord friendly state. Obviously, that is all relative.
My tenant's lawyer was a few hours late ...
Eric Anderson
Subject-to property purchase
Hello all! It's a long read and I appreciate your feedback. I'm looking at doing a subject-to transaction, me, as the buyer. I've got a verbal agreement for these terms: purchase property for $230,000, 0% down, 20...
Daniel Ramirez
Finding a general contractor
Hey BP community,So I'm really interested in moving forward with my first rehab/flip. I've done some prelim analysis and spoken with a couple of contractors, but have not pulled the trigger on a deal yet. My biggest f...
Ricardo G.
I have private investors (friends) wanting in. How do I incentivize them
Basically, they have seen me work really hard to come up with money for my own deals, when I first began doing flipping, I would ask them to join in and we would share the profits, because I needed lots of money, b...
Pierre E.
Who Qualifies for IRS-REPS - Real Estate Professional Status?
IRS-REPS Status - What qualifies as Real Estate Professional?I have reviewed multiple sites blogs posts etc about REPS and found very detailed information, but one area still remains less clear for me. There are 11 ca...
Kel S
Tax reduction on home by simply writing a letter
We recently wrote a letter to the Tax Auditors office to request a re-assessment of the tax value on one of our properties. This would be the taxable value of the home. For an hour of our time in writing the letter, w...