Chris A
Seller doctored tax returns - Any possible tax liens?
We are under contract to purchase an apartment building. The seller has been doctoring his books for the past several years. Essentially he has been collecting rent in cash and then not reporting it on his corporate...
Max Lichtenstein
What goes into closing costs
How much are closing costs usually. What goes into closing costs? Commission to the realtor, inspections and what not but what else am I missing. If I purchased a property 500k what should I expect to pay at closing?
Joey Arrazolo
Relationship with a Real Estate Agent
Hello BP Peeps,Can someone help me understand what a relationship between an investor and an agent looks like? How do you have that conversation with them to start a relationship? If they agree to help you, what do th...
Quinn Jacobsen
Questions to ask during walk throughs?
What are the most important things to look for/questions to ask while walking through potential investments? I’ve heard some people say that walking through properties isn’t necessary especially for those investing “l...
Account Closed
Credit/background check
Hey guys. Hope all is well with the BP fam. I have a quick question. I'm just starting to get a lot of applicants for my first investment property and was wondering what credit check service you guys prefer, and if th...
Matt O.
Method to pay minimal taxes... to good to be true?
About two years ago my accountant mentioned "Captive Insurance" as a way to avoid paying a lot of taxes. When it seems too good to be true is usually is...blah,blah,blah, so I switched accounting firms (I had other re...
Ramon Wilson
Sheriff Auction (not foreclosure)
Hi BP, I’m looking for advice, thoughts, guidance from people with experience buying property at a los angeles county sheriff auction (not foreclosure auction) - properties that are being auctioned by the sheriff beca...
Michelle Joiner
SHORT SALE DEAL OR NO DEAL? THE OFFER
Is it possible to make an offer on a short sale that is supposedly with the bank? And if so, is there a way for me to verify the validity of the information I received from a phone call by this wholesaler? Please Hel...
Eric Chiang
SFR vs. Multi-Family: Pros/Cons
Hi BP, rookie here. Been investing and analyzing small multi-family properties (currently househacking a duplex in Riverside, CA), and recently discussed partnering up on a SFR in CA with a friend (will be forming off...
AJ Shepard
Experience with capital calls on Syndication
Has anyone had some experience with syndicators performing a capital call? Would be nice to know some of the ways it is performed.Has anyone heard of the preferred return being stripped from the LP during the call if...