Yash Tamta
Cashflow ready houses. Too good to be true?
I'm analysing cities for buying my first rental. During my search I came across 6+ listings from the same seller all with tenant in place making some amount of cashflow, some of them even making $500+ cashflow(by Bran...
Lucas Amuchastegui
Screening vs. discrimination
Hi All,I'm working on a new construction, which will be my first rental property. I'm starting to think ahead about the advertising and screening process and had a few questions. Obviously, you can't discriminate agai...
Account Closed
Would you rent to this applicant?
Hi everyone,I keep going back and forth on what to do and I need to give this applicant an answer soon. It is a non-married couple. He has a credit score of 610 and a few delinquent accounts on his record. He wen...
Nathan W.
Standard Due Diligence/Closing Period for MHP?
I've submitted an LOI for an MHP a few hours away from where I live in a great city, with high incomes, housing values, and retail stores. Seller's ad said willing to carry 50% for 2 years. Asking $100k, I offered $...
Bryan McKeen
Property Management Contracts & Questions
Hi all!I am a real estate agent in Rhode Island but about a year ago an opportunity presented itself to me to take over the property management role for 12 units in two neighboring buildings. It took some slight adjus...
Marco Petit
FARBAR contract tips-Florida
Hello, I've been a little reluctant putting a deal together because of my lack of understanding of contracts. I have a Florida FARBAR contract sent to me by my attorney and I understand to add an addendum to protect m...
Vic Liang
Home Reversion possible in US?
Hello everyone,A coworker of mine's church friends has run into issues with being able to afford their mortgage payments as they slowly decline in health. They were contemplating selling to me knowing I'm a real estat...
Geoffrey Morales
General contractor vs Subs?
Would it be better to have a general contractor or just coordinate the sub contractors yourself?
Ragnar Lothbrok
Transitioning to Property Manager
Hello BP Bretheren,You have helped me a lot in the past and I am very grateful. One question I have for today...I am transitioning to having a PM manage my properties for me. Among other things, they are asking for my...
Michael Bertsch
HELOC interest deduction
Can I deduct my HELOC interest on my schedule E? The HELOC is on my primary home and I have used the money for investment properties nothing personal. From what I understand, most people deduct it on their schedule A ...