Bernard B.
networking/becoming friends with your competition
Believe it or not, I try to network and become friends with my competition. I look them as "frenemies" , friends and enemies at the same time. My philosophy is simple, there are more than enough properties and deals t...
Joshua Woolls
Tenant filed bankruptcy
I just received notice that a tenant has filed bankruptcy. This tenant is current on all rents and has been a model tenant up to this point. I was in the home a few weeks ago and it looks fine. They have been in for a...
Skye Penland
We are starting this journey and can't wait for advice.
Hello everybody! My name is Skye and my wife and I have always wanted to invest in real estate but really didn't understand how to do it the right way until recently. A little back story: I am a fulltime Travel OR/CVO...
Alysia Newsom
brankruptcy
Has anyone had experience with bankruptcy? My husband and I are considering it after meeting with a debt management counselor that recommended it. We are trying to do everything possible to prevent this option, but th...
Rob Gleason
HELP ! My inherited tenant is an DEADBEAT!
We just finished renovating 1/2 of our latest duplex - see newbie rental diary#3. Problem is that the other tenant wants his place fixed up too and is complaining about EVERYTHING he can find. He says there are bugs ...
Chris Seveney
DSCR Loans - Will Their Be Issues?
I am seeing a lot of posts in BP regarding DSCR loans, many based on newer investors not being able to qualify for more conventional loans.The number I see starts to give me pause as when we have a market downturn and...
Oliver Martin
Primary residence tax exclusion when you sell
Hi everyone. Just wanted to clarify. If I lived in my primary residence from September 2012- December 2015. And I rent it out from January 2016- December 2017. Do I still qualify for the 250k tax exclusion if I sell...
Meng W.
Long time tenant refuse to pay late fee
Hi everyone,Wonder if you can help me out here. Ny tenant who rented a floor in my housw for 6 years now. Her lease has been up for 4 years and i am not planning to renew it in any means. Her monthly rent payment is a...
Burt L.
How to Increase My Offer Without Outbidding Myself?
I had conversations with a seller which have reached an impasse, so to speak. They are not financially distressed - quite well off really - but have two SF they have neglected and are unrentable as the roofs are beyon...
Aaron Adams
Can I hire my own C-corp to manage a property I personally own?
Hi Everyone,My wife and I just incorporated and are still getting everything established for the corporation. After much research, we went with a C-corp over an S-corp. Anyway, my wife owns a home in New Mexico (we l...