Garvin Yu
First purchase through wholesaler
We are about to jump on our first transaction via a wholesaler. It's a 3 family in a local city, $85k purchase and $60-$70k rehab, paying in cash then refinancing with a 30y mortgage. Should value somewhere around $24...
Sante R.
Does anyone have any information on Landlords using 1099-C form?
Since it's so hard to collect from tenants who owe, or in some cases not really worth trying to collect, I would like to know more on being able to use the 1099-C "cancellation of debt" form. All responses appreciated
Daniel Murray
Bookkeeping Issues with 24 doors and 6 active rehabs...help!
Question for the group. I currently hold 24 doors and 6 of those are active rehabs. I also have a full time job so as you can imagine I am looking for ways to streamline my systems and procedures to save time. I hi...
Chad Green
DIY Asbestos abatement in Los Angeles?
Perhaps this isn't the best place to post this question. If anyone has any suggestion of a better place, please let me know!Bought an older house in Los Angeles (City), started doing some light demo, then thought it'...
Account Closed
Questions about Form 3115
I have a foreign rental property that's been in service since 2011. I recently found out I could claim depreciation for it. I contacted a CPA and he said I would need to amend my forms from 2015 on since that's within...
Burt L.
Rehab Humor
A married fellow was experiencing some difficulty with the master bedroom so he went to see the family doctor. The doctor replied that he could certainly remedy the situation, and to save the man the difficulty of see...
Rashad Ellis
New lease for inherited month to month tenant
Irvington NjI need some clarity on lease procedures for an inherited month to month tenant. Ive read up on New jersey landlor/tenant laws and truth in renting but im not clear if theres differences being the new owner...
Terrance Clark
First Time Financing
Investment Info:
Large multi-family (5+ units) buy & hold investment in Greensboro.
Purchase price: $5,300,000
Commercial multifamily 45+ units.
What made you interested in investing in this...
Glenn Hyde
My first long term rental.
Investment Info:
Mobile home buy & hold investment in Newberry.
Purchase price: $167,000
Cash invested: $4,000
I used a VA loan to buy this home. I rented rooms out to friends for the first yea...
Zak Cooper
Creating the ultimate Seller / Owner Financing Checklist
Hey BP peeps,
Newbie here, in discussions for my first Seller Financing deal!
Apologies in advance if there is a forum post similar to this, but I couldn't find one with a checklist-style format. As such, I am aski...