Stephen White
Adverse Action Letter for denying tenancy is now in FilePlace
Remember that if you are denying an applicant tenancy based on their background check you must provide them with an Adverse Action Letter.
This also applies if you alter the conditions given to accept tenancy, ie. d...
Tony Nguyen
What rules of thumb do you use to buy apartments and why?
Hey guys,
I'm reviewing apartment complexes left and right looking to pick up my first one in the next 60-90 days and was curious to know what rules of thumb other folks on BP use to filter properties effectively?
...
Ron Read
Has anyone bought a whole LLC instead of the assets?
I've identified a distressed seller of a multi-family, but I can't quite scrape up the 25% to get the commercial loan. The seller owns the building in the name of XYZ LLC, and doesn't own any other properties.I was c...
Susan O.
Going from Sole-Proprietor/Landlord to S-corp for self managing
I'm currently reorganizing and restructuring my rentals from being a sole-proprietor landlord to having an S-corp for managing properties.I just set up S-corp for managin the properties January 2017. It's $800 per ye...
Dawn Hall
UBTI on SDIRA
I opened an SDIRA last November and bought a foreclosure property in December. I had a few minor repairs made ~$1000. We put it for sale or rent on Craigslist and actually sold it for a $14k profit. It took us unti...
Chris Washington
How do you underwrite an apartment complex with a negative NOI?
Need some help from the community. I'm meeting with a broker to walk an off-market apartment complex here in Cincinnati. The property is in a downward spiral, so I think this could be a fantastic deal with great value...
Mindy Nicol
Best places to purchase Short Term Rentals in 2024
Hi there,I'd like to know where are the best opportunities for STR investors in 2024. While much of the US is complaining of saturation, where would YOU put your money?I have investors looking at building out portfol...
Joe S.
Will an inground pool cause a property to appraise for more?
So we have a property that we’re almost through with the rehab on. It has an inground pool that we were thinking of filling in due to the liability and maintenance issue. If we fill it in prior to appraisal will it a...
Craig Sparling
Who's got metrics for me? GRMs, CAPRates, YOY Growth, Median Income vs median rent
I consider myself an old school fundamentals guys. I've read about Benjamin Graham and Warren Buffets approach to investing at large and it resonates with me more so than the crypto-generation. Real estate's "gross ...
Jesse E.
First timer looking to get started on my multi-family home empire
Hi,I am Jesse and I am brand new to investing in real estate. From all the info I have gathered thus far, it seems as though a multi-family property is the best seed for what I am looking to do. What I have found thou...