Caleb Zuniga
Land contract potential issue
I've heard some chatter (here on BP and other places) about potential issues with land contracts and how they've been ruled as circumventing foreclosure. Can anyone cite and references for this?
David Tipton
How Much to Estimate Maintenance on Rental Property - Los Angeles
I've started trying to value multifamily deals, but having some difficulty knowing what is reasonable to estimate for maintenance (i.e. repairs and capital expenses). Does anyone in the LA area have a general "rule o...
Donald D Michna
1031 Exchange, Like Kind Property
I was at a meetup the other night and a CPA came to speak with us. I spoke to him on an individual level after the meeting about a 1031 exchange that a family member is looking to move from one property to a like kind...
Jim Sharp
What part of you do you feed with all the negative commentary?
I watched another board I was a member of turn completely negative. It drove long time members away. In fact, it got so bad they wiped it and started over, of course without a few clever folks who were asked not to ...
Joe Doman
Seller agrees to carry back financing, running myself thin?
I negotiated seller financing with a motivated seller. The terms are good but I am worried I am taking on too much as I already have a deal in the pipeline. Here is a hypothetical: arv is 200k, needs 30k of repairs, t...
Jim Huntley
Eviction Case in Los Angeles (Rent Control) - Any Advice on How to Handle Court Case/Lawyer?
Hi,
I'm within a couple of weeks of a trial date for a UD I've initiated against a tenant in LA County (Hollywood). Said tenant has been living in my property since I purchased it and has intermittently been a thorn...
Henry Clark
Self-Storage, Country Subdivision, Contractor Flex, Belize - What If?
Well, its Labor Day. And I worked more today than yesterday.Stopped to watch a couple of youtubes and they got me thinking. Got a notification someone voted for a post I made; they were from New York City. Both it...
Andrea O.
filing 1065 - claiming deductions with no income yet
Hi everyone. I'm hoping to get some guidance from tax professionals in the BP community since I'm a bit stuck. I'm working on my 1065 for a two-member LLC. We established the entity and purchased our first property...
Richard E.
Determining good mid term rental market
Esteemed listmates,I am located in LA, and run some MTR's here. However, I am looking to expand into other cities now- and a little curious peoples thoughts on a couple of issues:-What are your factors for evaluating...
Kate B.
Fully Rented My First Multi-Family
I was so happy yesterday about something nice that happened I just want to share my good news.I bought my first investment property last December and then spent the next months fixing it up. I had to change contracto...