Dan Krause
"Take posession prior to closing and use rental payments as down payment"..?
To take posession prior to a closing and use the rental payments (on a multi-family) as the down payment.. this would probably not work if there was a real estae agent involved would it? For it to be doable it would h...
Will Kilby
RE License needed for AirBnB cohosting in NC?
I currently manage my parents’ STR as a member of their LLC and a fellow host in the area asked if I would cohost their property for them. We are set to move forward soon, but I just realized that “property managers” ...
Mike Hartzog
Purchasing a Note with Term Errors
First things first... Happy New Year everyone! I hope your 2015 is off to a good start. I have a hypothetical scenario for you to ponder. Let's say you are looking at purchasing a performing note, but after doing t...
Deepak Lal
Tax Benefit on joint Tax return
I am investing on on multi family real estate ( Apartment complex). I file the tax return jointly and my wife is Home Maker.The question is:1. Should I add my wife's name in the subscription document?2. What is the ta...
Ryan Deasy
Subject to with Wells Fargo
Hello, I have a possible subject to deal. Just wondering if anyone has had any experiences in doing this with a bank like Wells Fargo. Yes, I am asking about the dreaded "due on sale" clause. Please share your thought...
K. Mitchell
Property management co in self-directed IRA
Anyone know if it is possible to run a property management company from inside a self-directed IRA? For example, say I roll over $1K to a separate self-directed IRA. Then I have it start a C corp property management...
Vignesh Kumar Subramanian
NJ - Bad tenant, Eviction and Moratorium
Hellp BP peers, hope you all are well.I recently closed on my first duplex rental property in Paterson,NJ which I was in contract from Oct 2020. The initial deal involved the removal of tenants from both the units, bu...
Billy Bob
Request for tax statement for rental verification?
My step daughter wants to rent her first apartment. The Property Management Co. wants a copy of of my property tax statement to verify I own my current home. They also want the Bill of Sale on my previous home I sold...
Brett Johnson
HEY BP fam!
My name is Brett Johnson. I have been in Property Management for 2 years now. I have decided to pursue obtaining my real estate license in state of N.C and will be gearing up to do business in here Raleigh. I am excit...
Josh Corby
Refinancing a Hard/Private money loan on a rental property
Hey guys, my head is spinning trying to understand this whole concept. I would really appreciate it if someone could give me a hypothetical deal example running all the numbers involved with refinancing an HML/PML loa...