Svetlana Kazantseva
General Contractors refusing to quote without them buying materials
Hi all! We have a really hard time finding a general contractor for our repair project in a buy & hold SFH in Kansas City, MO. We hired a property manager after purchasing the house and both contractors they sent ...
Tee Riddle
Unusual Foreclosure Situation
Hi all,This is a long story and not sure if this is the right place to ask about my situation, but here goes.About a year ago my mother passed away. My mother and step-father were both on a fixed income and barely mak...
Joe Bruck
Arm's length transaction clarification
Is buying property from your management company considered a non arm's length transaction?i'm in the process of doing a delayed financing exception and the lender is requesting that the purchase should have been a arm...
Andrew Robbins
What's a fair split with a partner who doesn't intend to help?
Two questions here:1) A friend wants to invest with me and doesn't just want interest for the money he's putting up, but rather to reap the benefit (or suffer the loss) of the venture. We both know up front that I'm ...
Alex Ewing
FHA Financing Strategies - Owner Occupied Multi-Family
I'm new to investing but am excited to get started. I am exploring a strategy for multi family investing. I have many friends who are currently renting. What I would do is partner with one of these individuals to pur...
Gary Michalske
Options to Avoid Capital Gain Tax
Hi BP-er’s,I have a tax strategy question about a deal I have the inside track on. My plan is to purchase this deal for $200K cash and wholesale it.This situation involves a 101 year old elderly family member that ow...
Kasey Destache
Best Form of Collecting Rent from Long Distance Tenants
Hi BP Fam! What is the best form of collecting rent from long distance tenants? I've read so many posts and I'm hesitant about using my personal Paypal account to collect and have read various negative reviews regardi...
Connor Cushing
Jumping into the St. Petersburg Market to House Hack
Hello All! I'm starting the process of evaluating deals and finding a multifamily property in St. Petersburg for a House Hack. This would not be a traditional Hack, as we would be buying the unit for my brother in law...
Matt Moldenhauer
HUD Threatens To Sue Landlords Who Screen Tenants For Felonies
How is everyone else planning on handling this?http://www.investors.com/politics/editorials/hud-t...The Obama administration has just made it easier for felons to move in next door. Landlords who don’t want tenants wh...
Joseph Ortiz
Tenant Breaking The Lease
Hello!
I have three tenants renting ONE of my properties. One of them wants to break the lease and leave earlier.
Should I keep his security deposit and should I keep him responsible for the rent until the other two...