Reese Thompson
Tax Loss LLC Filing
I'm preparing to file my taxes for my LLC. Since we didn't have our rental units yet for last year, the only cash event that occurred was the cost for forming the LLC. Total amount was less than $500, so I'm wonderi...
Andrew Reyes
[Calc Review] Help me analyze this deal
Hi All:I am getting serious about REI and have a goal of making my first offer on a property on Long Island by June 30. I have been analyzing one deal per day and have found that this strategy will be difficult at lis...
Brian Zaug
not renewing long term tenant lease
Looking for a bit of advice on how to handle this situation. I just bought a duplex a 6 months ago and inherited the upstairs tenant. Downstairs was vacant, I cleaned up the apartment, screened and screened and got ...
Louis A Buono Jr
New to BP. An intro and a question.
Hi everyone. I'm Lou and I'm new on BP. I live in Staten Island NY which is actually the forgotten 5th borough of NYC. I grew up in the flooring business and now have taken the helm since my dad's retirement. I've...
Yuuj V.
IL SFH: Has this happened to you?
Hello BP!I have a rental in the Illinois area, and currently it's been on the market for about 90+ days. Cost: $100,500Down Payment: $25,000Rehab: $~6000Vacancy: $~2600Rent: $1650CF: $370 (When rented)So, my question ...
Account Closed
First Property Checklist: New Investor Closing Next Week
Hi everyone – I’m a new investor less than a week from closing on my first duplex. One side is occupied with a tenant I’m inheriting (currently on a month-to-month lease) and I’ll be living on the other side. I’ve spe...
Shannon Trivett
how can I request an increase in rent from Section 8
I have a tenant who just hit the end of her first year lease with me.
She is on Section 8. We currently pay her trash and water.
She's a good tenant that I'd like to keep.
My local housing authority ...
Mike Adams
Eviction granted, lock-out on Monday (Newark, NJ)
First NJ eviction for us, yay! Anyways, the attorney tells me we need to have a locksmith there to change the lock. I've been changing locks for decades, so it's never been a problem. Has anyone in NJ (Newark area) do...
David Boykin
Getting started in Augusta, GA
Hi everyone! I've been a lurker on the site for some time but finally decided to sign up and join the community. I've read through some of the guides on the site and listen to the podcast frequently. I bought The Book...
Susan O.
Rent Control Laws in California -other States- Rapidly Expanding
http://www.latimes.com/business/la-fi-costa-hawkins-repeal-20170314-story.htmlCurrently there is a movement to dramatically expand Rent Control through California. In the past there were basic restrictions on how har...