Elizabeth M Williams
Why Multifamily Housing Values Will Continue to Defy Gravity
Decent, short read in the link below. As someone who raises capital for a select few syndications, I often get questions around rising interest rates, inflation, will the market crash, etc?In my humble opinion, multif...
Davido Davido
Neighborhood Cooperates to Rent Abandoned Home. Who Pays Taxes?
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
Michael Henry
Purchased property tenants wants $1000+ of repairs
I’ve never run into into this situation before i recently closed on a property and turned it over to a property management company. Almost immediately tenants are complaining about several items they want fixed some t...
Rich Weese
update on word of warning
I know many don't really care about banking situation in our country. A couple sobering thoughts for those paying any attention.
1.http://www.digitaljournal.com/article/283688 FDIC lost money for first time since 1991...
Account Closed
Is the Real Estate market really not going to take a hit?
I have been watching the last 4 months in absolute awe. Unemployment is through the roof, businesses are going bankrupt, most people are staying home not spending money yet the stock market and Real Estate market are...
Gilbert Nyantakyi
Neighbor wants to sue me because my property is encroaching on hi
Hey BP family, I recently purchased a property in Brooklyn New York. My neighbor recently brought it to my attention that my building is encroaching on his driveway by 6-12 feet. When I was in the process of purchasin...
Bryce Matson
Should comps for house with new ADU include other houses w/ADUs?
I'm converting my garage into a Junior ADU and almost done. The main house is a 3 bed 2.5 bath and the JADU is 1 bed 1 bath. The total SF is about 2,000 with the JADU. We also have a lot of solar on the house. The hou...
Denise Evans
Pricing the Short Sale Offer
I'm a former banking lawyer, and former lawyer for the FDIC closed-bank division. I can tell you, from the inside, how banks evaluate short sale offers. Since then, I've successfully negotiated many short sales to buy...
Enoch Li
What do investors do during recessions?
Home prices dropped in 2008 and I heard a story from a colleague of mine that they lost their house because their home was not enough collateral for the loan. So my question to all my BRRR and 2008-era investors - ho...
Justin Wood
Tenants destroyed my place. I kept deposit but what else can I do
I have a couple tenants that have destroyed my units. Obviously, I need to vet them better but as of now what are my options? I have photos showing ton of trash left behind, appliances ruined totaling about $10,000 in...