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Hello. What are your thoughts on mailing a receipt every time rent is received? I have a resident complaining that I don't mail one after explaining that her cancelled check or money order stub is proof of payment. I ...
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Edit: The title should have been "Lease California Condo or Sell and 1031 into OOS Multifamily?"I have a condominium I bought about 5 years ago for $60,000 that I can sell today and walk away with about $100,000 after...
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Hi BP Peeps,So I have run into a good problem. Long story short, my portfolio's equity has grown to the point where the return on equity is so low that it has forced me to consider selling my 14 unit apartment buildin...
Good morning BP!After tripping over this sight a few weeks ago I am happy to say I am placing my first bid on a property this morning! Granted I know I am a ways from acquisition but I want to be sure i know what my b...
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I have a motivated seller who inherited a townhome. It has since gone into pre-foreclosure. There was $49k left on the mortgage and she just heard from the bank that the lowest they'd settle for is $28k. How would I g...
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A lot of the leads coming into my business would be perfect for Joe McCall's lease option strategy.
Wondering if anyone has any insight as to how this strategy has worked for you in your business. Also, if you have ...
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I’ve read on BP a couple of places that wholesalers do this. Why? Wouldn’t this cause the seller to want a higher price?
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Hi,I recently got my primary residence leased out this month. I’m excited about it but lacking the knowledge behind being a landlord and the responsibilities that come with it. Curious if anyone had some Do/Don’ts , s...
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So I've got a problem and thought the great minds on this site could help me out with my bookkeeping issue.
Our business is starting to grow to the point that keeping the books is taking more time than I want to spen...