Fred Stevenson
margin from brokerage account to prepay mortgage
Hey everyone, I have a checking account I use to manage my rentals and other business expenses. I have positive cashflow on all my rentals so my balance in this checking account is accumulating but earning zero intere...
Justin Cummings
BRRRR exit strategy or next steps?
Does anybody have an exit strategy for BRRRR setups?In the 2010s we did the BRRRR thing not even knowing that the acronym existed and now we're are in a good, but complicated situation.- The commercial mortgages (all ...
Lior Reich
help please! I got a 62,000$ FINE to pay to city of Coral Springs
have got this affidavit of non compliance (see photo attached)my local friend (I live in Israel) who is also my property manger - went to the city to handle it and came back very confused.do you know what to do?? can ...
John Moore
Rehab Flip end loan financingI
Have encountered difficulties in obtaining end loan financing for new buyers when the spread between acquisition cost and selling price is significant. We are able to do quick flips but are challanged by mortgage com...
Josiah Sia
RUBS on a tenants last month - How to bill?
Good day BP friends. I have a tenant who we are offboarding at the end of March and we just thought about this... usually we charge using RUBS system. Since the tenant will be leaving at the end of March and they will...
Mike Schorah
What’s so bad about giving a VA probates to cold call?
I’m tired of making 10,000 cold calls myself. The VA can figure out if the prospect is interested. Then I can take it from there. Or is it a bad idea to give VAs probates to call? Would that really upset the executor/...
Ernest McNeil
How would you manage a two-unit single family home
How do you manage utilities (water, gas & electric) for a single family home that has been converted to two separate units, one upstairs and one downstairs? Do the tenants equally split the bills? Do you get sep...
Tracey Williams
How to reduce the tax?
I will be closing on my first property soon, I am so excited I can hardly wait for closing to come. I have been reading & studing real estate for 2yrs and finally took a step of faith this year.
Yesterday was insp...
Donnell Gardner
Question
So I came across this property. The owners seems motivated. He has this pretty big property at 6500 sq ft. Which includes a parking lot in the back. It looks like it had office spaces in the front part and I believe h...
Eric Tomlin
Tax owed when selling a rental home after a fire loss
Good day experts. I am trying to understand the tax laws and determine my tax liability for rental property that I have sold. The uniqueness of this transaction is in the fact that the property suffered a fire, and I...