Brian Peterman
Will I incur a penalty or have a tax hit on a withdraw Roth IRA
Hey BP! Working on closing my first deal and I'm wondering if my thinking is correct. I am purchasing a 3 flat that I will be living in and this is my first home purchase. I have ~$20,000 total in my Roth IRA and I wo...
Tony Lin
Starting a company/LLC for passive investment, overkill?
I'm planning to get involved in a few apartment syndications as a passive investor, potentially doing a small apartment myself few years down the road if I learn enough. Is it necessary to form a company or do an LLC ...
Kainoa Jones
Square footage Discrepancy
Hello,There is a potential property I am looking into with differing tax assessor and appraisal/ MLS sqft. There was an addition to the property prior to the current owner and my guess would be that the addition was ...
Adam Cooley
Property Management in Laredo, TX
Hello! I am under contract for a 5 unit (SFH in front with 4plex behind) in Laredo. Previous to my offer, I was told the building was fully occupied and told specific rent prices. This influenced my decision to offer ...
Jimmy S.
tenant did not include late fees
How do you handle late fees if tenant has paid the rent late but did not include the late fees. Do you send them a letter, call them or how do you handle it?Rent is due the 1st and 2 day grace, 3rd day $40 late fee st...
Mohit Arora
Tenant wants to break the lease before lease start date
I have rental property with signed lease (through Zillow) with starting lease date within a week. However the tenant is telling me they have personal issue and wants to move out of the lease or asking me options to br...
Farrukh Amini
Property with a non-paying tenant
A 2 unit property that we bid a while ago reached out asking if we’d consider the following scenario: tenant in one unit has stopped paying and is not being cooperative with showings. We’re wondering about how much of...
Jose Jimenez
Help Constructing a Seller Financing Deal
Hi BP Community,I am trying to figure out how to put together a proposal for a seller financed deal. I am the buyer and my uncle is the seller. I, as the buyer would be proposing the deal to him. I would like to draft...
Suzanna Lam
Newbie from San Jose, CA
Hi all,
My name is Suzanna Lam. I'm a new real estate investor here. My goal is to make an offer in the next 6 months. Why that long? In part because I'm still in the middle of setting up legal entity, opening ban...
Jay Charles
Placing House back into LLC
Hello, So, I have a rental property that I want to place in my LLC however my mortgage has a due at sales clause. Is there a way to place my property in my LLC without triggering a due at sales clause?