Vasanth Waran
Real estate tax breaks
Hellolet me first briefly introduce myself - i am a San Diego resident with a couple of properties in the Phoenix area. I would consider myself a newbie investor and still learning the ropes of the RE game. I just fil...
Joshua Andrews
1st Lien Modification Question
I have a question regarding modifying a defaulted 1st lien on a property. Here is an example. The original payment was extremely low, say $200. It was since defaulted on years ago, and now arrears have accrued. Is the...
Bruce Weyer
Rental Property Accounting using Quickbooks Online
Does anyone do their own accounting? I'm trying to set up "asset" reserve accounts for Vacancy, repair & maintenance, and cap ex. how do you do this or are you accruing your expenses? How do you save for the expen...
Meredith Mihm
Owner financing: interest due on sale!
Help-- should I do this? I just negotiated an owner financing deal that I am happy with. I like the down payment and the monthly payment. The property is distressed, and I will be getting it for a good price. He wants...
Ryan Johnston
Hard Money Lenders for First Time Flip - Tampa, FL
Hey BP,Just moved to the Tampa area and I'm finally going to begin flipping houses here. I've been waiting to move into this market for about 8 months and I'm super excited to be here. I was wondering if anyone had an...
Jeff Wirth
Advice on retaining an attorney to go after deadbeat tenant?
Our tenant beat us for about $8K due to not being able to evict her during Covid. We were recently able to extract her at the end of her lease. She skipped out without leaving a forwarding address although she is se...
Lacy Tilley
Security deposit and lease termination.
Any input would be great.
The tenant had told me she cannot go through with the lease.(circumstances are legitimate but an agreement is and agreement)
Signed on aug 15th for move in on aug 29th for a 2 year lease. ...
Lyndsey Keller
Interest on Security Deposit
If you haven't already noticed, I'm new here. You will probably be getting a lot of questions from me. My husband and I have been trying to sell our home for over 6 months with not much interest. But lots of inquiries...
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...
Mark Powell
Potential deal in south al
I have what I think to be a good deal, but as its my first I would like to run it through BP first to get torn apart and ripped to shreds so I can either trash it or make it better. Take a look. No holds barred!
3 be...