William Howley
Rental Property - Fire Alarm Installation, anything I should know
Hi, I recently updated a rental property using a non licensed guy. He ended up not hooking up the fire alarms, and there is a tenant in there! I am kind of at risk so obviously I need to get those hooked up. My questi...
Joey Dwyer
Closing gifts
Hey BP Real Estate Agents ! I'm closing on my first buyer side sale as a Realtor. I'm just curious if you have any cool ideas for closing gifts and how much I should spend on it. Listed price was 519,000 and I got...
Amnaya A.
Is cash-flow considered a demerit for tax purposes?
My buyer's agent continually tells me that I should not worry about a positive cash flow to back-calculate an offer. Why? Because you don't want to show income (of cash flow) on your tax return, or else you'll be taxe...
Trent Egenlauf
Where to park money?
Where would you recommend to park your money while you are saving to buy a rental property?
Joshua B.
The road to my first flip in Plymouth, Michigan (with pictures!)
After getting my bachelor's degree in philosophy in 2007, I wasn't quite sure what I wanted to do. So, I did what many people with a philosophy degree do - I went to law school!* As fate would have it, right around th...
Adam Steinberger
Renting near military bases
HelloI have been investing for a few years and currently have over $500,000 in my brokerage account. I have 2 rental properties now that make a little over $200 each after expenses. I have been interested in buying pr...
Julie Fullmer
Distance investing, West vs. East
Greetings everyone! We are new to BP oh how I wish I knew then what I am learning now!!! (isn't that always the case?) We have owned several properties over the years. First purchase was a singlewide trailer nightmare...
Yinan Q.
Is my screening policy too strict?
Just bought our first rental property. It's a single family house and the prevailing rent would be around 1,300 to 1,400.
I ask the tenant to submitt 3 months bank statments, 3 months pay stubs, employer information,...
Francis Dai
SAFE Act and the definition of primary residence
The SAFE Act states that a homeowner selling his primary residence does NOT need to employ a licensed mortgage originator.
What is the definition of primary residence?
If I buy a mobile home, move in, change the u...
Becky Lu
Is LLC really necessary when you just start out?
Hi BP members,My husband and I started our RE investing and bought a 29-unit apartment in Texas and a 16-unit in North Carolina this year. (We bought our residence with a VA loan back in 2011 in California.) After rea...