Andrey V.
Terminating lease before tenant moves in
Hello. I am looking for a legal advice. I own a multi unit property (North side of Chicago). My new tenant is scheduled to move in on November 1st. They have a signed lease from me which, unfortunately, I emailed th...
Cory Cox
Accounting Software Advice!
With so much going on, I'm finally upgrading from my standard Excel spreadsheets this coming year! (I'm actually sad as I'm a spreadsheet nerd)
I'm looking for a solid web-based software that can deal with multiple "...
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
Hi bigger pocket,Hope someone can help with insights on the situation. I sold my precious business for 1.5M seller carry. Buyer made the down payment and is keep making monthly payment. Remaining balance is 1.2M payab...
Jeromie Williams
Tenant decides to self terminate lease 17 days in. MD
I had just got an email from my new tenant that decided to vacate the premises because she had "discovered conditions within the apartment that she deemed unacceptable for her to continue with her lease." She claims t...
Allen Wilson Jr
Deal / Contract Structure
I am trying to figure the best possible way to purchase my neighbor's house before his foreclosure in one week. He just wants to be done with the property and plans to just let the bank take it. It's easily a +120K pr...
Victor Menasce
Philadelphia new construction apartment. Legacy project.
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $135,000
Cash invested: $915,000
10 unit new construction apartment building in North Philadelphia.
...
Jay Hinrichs
Whats with the REO sellers out sourcing their escrow work to India
Anyone run into this.. I am working on a few deals with another BP member buying some fix and flips I am going to fund and the escrow function is coming from India.. 17 e mails a day 4 to 5 calls wanting me to fund wi...
Simon Obas
Flipping homes, taxes, capital gains
Peace. I’m interested in knowing how you all house flippers are filing taxes. I flipped a home in January and selling another one in 2 weeks. I purchased both homes under my LLC and will sell them under my LLC too. I’...
David Sray
Cash-out refi confused
Hello BP nation! I've been looking into cash out refinancing on a duplex we recently purchased and think I simply don't have enough equity in it to pull anything worthwhile out. Trying to make sure I understand the p...
Nick Cote
Financial/Money management for duplex
Hey everyone! Just started out and bought my second property, I’m looking for some information in regards to money management. I bought and renovated 2 properties (duplexes) and turned them into excellent rentals. Now...