Taylor Robertson
House caught fire day before closing. What to do?
I was set to close on my first home today. Last night, the tenants on the other side (duplex) caught the fireplace ablaze and caused substantial damage to their side of the house. The inspection report stated the fire...
Shelly Glennon
Long term tenant (40+ yrs) newly negotiated lease asking Landlord to pay commission
Family holds a light industrial property that has been leased to the same large utility company since the 80s and has never had a commission associated with the lease. The lease was coming due and as part of renegoti...
David Kim
Cell Tower Lease Owners: How do you respond to letters requesting
Hi everyone,My property has a cell phone tower on its roof, and I just received a letter from the carrier saying they've decommissioned some of their microwaves, and that they want us to reduce rent in light of this u...
N/A N/A
Business and tax structure for rehabs
Hello all,
Great forum here. I had a question for which I wanted all the experts' opinions...
For tax purposes (lowest tax possible), what is the best business structure (LLC, Corp, etc) for a rehabbing business? I am...
Kevin Perks
Finance Management for my First Property
Hey everyone, I've been researching, reading, educating myself on real estate investment for years, and finally took my first step. Unfortunately, I need some specific advice, as I can't get a clear answer from my age...
Britta A.
Re-doing a deal before closing
I'm about to close on my first rental investment - started negotiating pre-corona. Was going to do a quick clean up, with about 5k and rent it out. Given the risk of rental market in B to B- neighborhoods likely struc...
Susan H.
Sq. Ft. and pricing?
Home was advertised at 3000 sq. ft. of which I took into consideration when making my offer, now I'm told it's 2700 sq. ft. and I want to renegotiate my offer. Am I being reasonable? Seller doesn't think so.
Jordan Page
Foundation Repairs, too much?
Hey BP, I need help!Quick details, sorry for length. I’m under contract on a house and my inspections and appraisal just came back. Appraisal value is 120K with comps around 135K+ & the current purchase price is 1...
Tara S.
Our 1st BRRRR Investment
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
Cash invested: $40,000
Contributors:
Justin Sullivan
This property is 4 units. We in...
Jonathan Chai
Rent reduction during construction
Hi guys,I’ve got my first rental property that I’m using for student rental at a local university. It’s currently rented to 4 different students on separate leasing contracts. The house is currently under construction...