Claudio Salvatorelli
Seller financing ideas
Hi BP Community,
We recently came across a triplex in San Diego currently listed for over $2M. Debt Service for that loan is about $400K and the seller is in need of paying that balloon loan ASAP.
Any ideas on h...
Cody Stegeman
What do we with tenants losing work over corona?
What are we supposed to do with tenants in the service industry who are now out of jobs due to state sanctions regarding bars and resteraunts being shut down? Great tenants by every metric, who wont have enough money ...
Anthony Kondor
How to structure owner finance deal?
How to structure owner finance deal. i have someone willing to sell me a property for 28,000 and is willing to take a down payment of $5,000 and owner finance the rest!.it is a condo and I'm looking to structure the d...
Lucas Hammer
Mileage as Startup Costs and First-Year Deduction Questions
So I bought a 2-unit building that I'll be house-hacking while I work on the second unit that I'm living in. I had a few questions come up over the last week while I'm trying to get paperwork together and build my sys...
Joseph Pochinskas
Just Closed On First Multifamily Property....... NOW WHAT?
Hi All,
I just closed on my first 4 flat. I have three tenants currently. I have meetings with all of them next week to go over payment schedule and any changes. But in terms of owning the house, what now?
How do ...
Roy So
My first week as a landlord... Lucky to be alive.
In the Jewish faith we have a prayer recited by people who survive a dangerous situation (http://www.ritualwell.org/ritual/blessing-gomel ) I will be saying it shortly.A couple of days after my first-ever tenant moved...
Raj Sid
Bonus Depreciation and Year 1
Bonus DepreciationIf i purchase a new construction as investment and put in service for rental, upgrades on top of the base price of the House(As sold by builder), can I deduct it on year 1? Example, if I upgraded t...
Tim Bender
Property Management Software
What are your thoughts about Cozy / Appartments.com?
I have 1 duplex, but I'm buying 3 more and need to get some property management software.Trying to get my systems in place as I grow.
Recommendations?
Sharon Zhou
Remote Manage Rental Property
Hello everyone,
I'm reaching out for some advice on managing a rental property remotely. Here's a brief background: I purchased a new construction property remotely about a year ago. Initially, my agent helped secure...
Jeremi Ramos
Does Multiple LLC Client = Multiple Management Contracts?
Hi!
Maybe one of you can help....I run a property management company.
I have a new prospect that wants to go through with a contract. They have an LLC for each building. Do I really have to do a separate management ...