Phil Mays
Property Manager "gotcha"
So I signed up with a property manager on my NC property. I'm paying 10% for their services. Last month my tenant was late 13 days on his payment. I just assumed that the late fee collected was going to be paid to me ...
Colton Kotylo
Getting Out of The Contract
We recently got into a contract with our real estate agent and toured about 6 properties (2 being new builds). We are considering going with the new build, but would like to drop our real estate agent. She agreed to c...
Shiloh Lundahl
Millionaire - RICH or Middle Class?
I have had a interesting discovery recently. At the end of last year, I was finishing updating my financials and I realized that my networth had reached over 1 million dollars. That had been one of my financial goals ...
Mehran K.
"What If" Section 8 Were No More
Hey there community!
I'm closing on a property tomorrow and I'll be inheriting a Section 8 tenant. I always like to think about possible "What If" scenarios and it's got me thinking. I ponder, how would it af...
Tyler Baldwin
Biden introduces plan to increase taxes on Real Estate investors
Presidential candidate Joe Biden plans is announcing a $775 Billion dollar plan to boost Child and Elderly care. It’s a decade long plan that will be paid for by reducing or eliminating 1031 tax breaks for real estate...
Adam Zach
How Many RE Investors are Engineers?
Is it just me or are about 25% of all real estate investors, also engineers? As an Engineer myself I could be biased but curious if anyone has insight. I know folks usually have professional background like IT, accoun...
Engelo Rumora
Why You Shouldn't Leverage When Investing In Turnkey Rentals
CASH IS KING!!!G'Day everyone,I'm going out on a limb here so before you condemn my thoughts at least have a read and try to understand them.Why does modern day society always want more more and more? GREED that is wh...
Davido Davido
Unusual Tax Question Is this money for nothing? Is it Tax Free?
I intend to borrow money from segregated rental income accounts that I have established for multiple parcels of apparently abandoned real estate that I control, but do not own. Does anyone know, of a law (State or Fe...
Axel Meierhoefer
I love my Turnkey Investments. BP is skeptical. Am I just lucky?
I have a strategy I call out of state turnkey residential investing or "OOS TK SFR". We have all our properties in this model and have great experiences for several year now. When I speak to people here on BP, a lot o...
Sharad M.
What is wrong with some wholesalers?
So this morning I get a text from a wholesaler about a property. He is asking $50,500 and I Google the address and surprise surprise, the house is listed on MLS for $45,900. It has been active for about 30 days.It's l...