Michael Noto
Running Diary of a 2-Family Flip in Plainville, Connecticut
@Bill Labrecque and I are working on a 2-family flip in Plainville, CT. The property closed in the beginning of February. We have been meaning to post this for a while.Here are some of the key numbersPurchase pric...
Jorge Reveron
$100k assignment fee
Hey guys, I am 19 years old and I currently have a property under contract for $820,000. The ARV is $1.3 million. My issue is, I want to make a $100,000 assignment fee. I already calculated that if the cash buyer buys...
Timothy Hogan
STR analysis - Mammoth Lakes
Hi all-
Crunching numbers on a STR Mammoth Lakes, CA. Posting a similar thread to the Gatlinburg thread by @Amit Sharma.
Backstory:
This would be my second door, but first in the Mammoth market. I currently run a...
Aj Parikh
Tenant Eviction in Virginia
I have a tenant through the housing voucher program and they have not paid the October 2020 rent. The housing organization has paid the rent for the Nov, Dec and Jan. Tenant has stopped responding to texts and calls s...
Ethan Cooke
What Would You Do? San Francisco Medium-Term AirBnB Rental
Hello BP Community - I would love to get your insight: I rented a 3BR/2BA home 5 blocks from my house with permission from the landlord to sub-lease to business travelers--very excited to start a rental business! I ha...
Alec McGinn
Why would I ever use an accountant?
Hello BP, I know that accountants are extremely valuable people to have in your circle, but I find outrageous titles grab people’s attention.
When do you like to meet with your accountant and how frequently to you s...
Scott Trench
Neighbor Says my Tenant is Berating Her and Her Son
A neighbor near a duplex that I own has called me twice now to tell me that my tenant is berating her and her son in the street, yelling obscenities and just going off.I am not this neighbor’s landlord. After the firs...
Ashley Wolfe
When both parties are in default and one threatens legal action..
Ok, the long and short of it is this:My husband and I were under contract for a SFH. During that time we submitted a repair addendum and the seller agreed to it in full.In the meantime, we were getting our loan final...
Jack B.
Would you pay to fix the neighboring properties fence?
Tenant complained that the fence blew down. I look at it and it's the neighbors fence and I explain that to them. I try to track down the landlord of the neighboring house to offer him half of the cost of the fence, w...
Chuck Brickman
Self directed "checkbook" LLC IRA
Does anyone currently use this medium for their Ira? I've been getting some conflicting information about the "checkbook" approach.
Thanks