Jan Lee
My long time restaurant tenant wants to buy the building I am renting and asks for owner financing
The tenant is a fairly popular seafood restaurant in town that is family run business and has been a good tenant (always paying rent on time, easy to deal with etc). They have been there for over 15 years. They are in...
Snehal Patel
Tenant will not leave after lease expired and ownership change
Hello,I have situation where I now own a rental property in cook county outside of Chicago limits where an existing tenant resides who had a 1 year lease with the previous owner. The tenant had not been paying rent fo...
Account Closed
cash flow tax free?
i have a simple question about cash flow from rental properties and taxes. is cash flow considered income? Will i have to claim my cash flow as income and be taxed on it? 'm just a little confused about this.
Jason O.
Do I have to start a company first?
Does a person have to start a company first to start making deals?
Does it have to be an LLC before the first deals or just work under a sole proprietorship?
Mary Jay
Partial payments-eviction. Help please!
I need to evict a tenant and this tenant is paying the first part of the rent through zelle, and the second part of the rent by a check (because she has a limit on zelle.)
Her zelle pmt for the month of February w...
Robert Hidrogo
I want to make an offer but don't want to seem unreasonable
Hello BP family, I am looking to make an offer on the following property:Condominium 2 bedrooms2 bath1,204 sq ft patio with storage, near pool, wood floors, washer/dryer, fridge includedseller wants $1,850 per month a...
Ann North
Foreclosure and LLC in California
I think this Forum might be a better place to help. I would like any advice on our rental property condo/townhouse in California that is in Pre-Foreclosure.It's complicated and I'm trying to figure it all out. -The pr...
Jaime Navarro
Taxes implications for buyers and seller on finance deals!?
Taxes implications for buyers and seller on Seller finance deals!?I’m working on a seller finance deal and have some questions on Taxes.Seller: Family member Seller’s Purchase price in 2009: $180,000Property owned fre...
Will Kirkendoll
tenants wants to pay a couple months in advance?
hey BP, I have a quick question. I have a tenant that just started renting this month. everything been fine so far she even paid today. two days before the first. Now she wants to pay a couple months in advance. shoul...
Amy Prosser
Family funds
I went together with a family member to flip a house. They provided the funds, I provided the labor. Due to a profit smaller than hoped for, they let me have the $8,000 profit, and I reimbursed them for their invest...