Marcus Amison
Can an LLC formed in one state buy property in another state?
I am currently a realtor and also looking to form an LLC in the state of Maryland. Can I buy property in my home state of Ohio using that Maryland LLC or would I need to form another one in Ohio?
Nicole R.
Defendants Filing Bankruptcy to Stall Sheriff Sale Confirmation
Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March. Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...
Branden Vandette
Letting a property go from unpaid taxes and credit consequences
I made a bad investment on a cheap warehouse in Detroit for my landscaping business. I paid for in cash for 20k 4 years ago. It's in a very bad area and it got broken into a couple of times. Not feeling safe I moved ...
Daria B.
NPN and Chapter 7 vs NPN Ch13
hi all-I've purchased NPN that were in BK13 and understand the implications of the BK13.I understand what Chapter 7 means as well, but, what I'm missing is how the workout generally goes. Is it a foregone conclusion t...
Leeling Chew
Best Course of Actions To Remove a Difficult Tenant
Hi all,We are facing significant challenges with a tenant in our 'rent-by-room' property. Despite only renting for two months, this tenant's aggressive behavior is creating a hostile living environment for other resid...
Timothy W.
If you carry a gun
I found this and had to share. It is a lifetime of info in 30-40 minutes.
This is not a debate for or against the merits of carrying a gun. This is for the consideration of "what next" if you do...
Marvin Barrera
Gun control for tenants?
Hello everyone,
I recently heard Kathy Fettke talk about this on her podcast. I’ve yet to purchase my first rental property, though I am taking steps towards accomplishing that goal, and it’s one question I hadn’t ev...
Shyd Coloma
Mix Use Duplex as STR and LTR for Tax Filing
Looking for anyone who has a duplex that is mix of STR & LTR and claim material participation for the STR side for the "STR loophole" to offset active W2 income? I recently had an email exchange with my CPA regard...
Mike R.
service animals of a tenant's guest
Still trying to understand what we have to do to accommodate a service animal, but long story short, we have a tenant (the only person listed on the lease) that we have noticed the smell of dog and cat when our lease...
Joseph Montes
Is it worth going after tenants in small claims court?
Hello BP community,
In January, I made a post (http://goo.gl/B42l3t) detailing the woes I’d encountered while trying to wrangle payments from the two tenants in my 3BR SFH in Lansing, MI. It’s March now and, ...