Michael Vaughn
Purchasing a note with no payments
Hello fellow BP investors. I have gotten a lead to a deal that is basically buying a note that was just created a month ago, buyer gave down payment of 25,000 on a house sold at 75,000, and the seller is now trying t...
Andres Piedra
Strange Rental Question…..well, strange to me.
I have a potential tenant. A pastor in a church. He makes "okay" money, but definitely short of my monthly requirement. However, apparently the church itself pays for his rent outside of his salary. I called the...
Phil Damjanovic
MFR in complex with foreclosure comps
Hi all,
I'm a new member to BP so this post serves as both an introduction and a question. I've been reading BP for a while now and have been absorbing the wisdom but haven't created an account until now. My wife own...
Mike Pachulski
Taking equity out of a multi-family?
I own a triplex in a developing neighborhood that has been my second home and office on and off for years. It is a nice old Victorian that was converted to a triplex years ago. Legal apartments, but shared utilities s...
LaCroix Rockwell
Purchased Washer/Dryer for Building - Can I claim this Deduction?
Hello, I purchased a washer/dryer and coinbox for my 3-unit property back in October. I was wondering if this is eligible as a business expense - or another type of qualifying deduction - so that I could finish up m...
Jonathan Sher
Senior housing?? Great opportunity or too much risk?
Hello all,I recently came across (2) 8 family units in a nice part of town that is an age 55 and up apartment complex. It is not assisted living, but apartments for older tenants. The owner has of course praised how t...
John S Lewis
My daughters UK apartment lease
Hello - if this is the wrong forum, I apologize. I sent my daughter to UK Lexington this past summer. She is moving into TheLex in Lexington for sophomore year. The lease is outrageous, relative to what I can do he...
Joshua D.
Tenant not paying extra water bill usage. Force the issue or no?
So we notified a tenant that her water bill was over by $50 this month and we pay up to $40 and she is refusing to pay for it. How should i handle this? I dont want her over it. Also how does everyone raise rent a lit...
Jeremy Peters
WEBSITE for your INVESTMENTS
Hey, BP. What websites does everyone use to promote their investment properties. I’m about to close on my first Beach condo ocean front and was wonder if I could get some feed back on the best website to promote my co...
Kevin Bazner
Property Management Payout Clause
Does anyone have a clause in their property management agreement of when payouts should occur/be processed following monies received? My property manager takes a few weeks to process payments after receiving tenant pa...