John Morgan
Rehab/contractor tax question
I got an estimate for a rehab from a contractor for 30k. Since he has a business, do I still need to obtain an unincorporated IC taxpayer ID number and file a 1099-MISC form with the IRS? Or since he has a business, a...
Cheza M.
What to do with unresponsive tenant?
Hey BP community. I’m looking for some suggestions and advice in regards to what’s the best course action to take when the tenant is not paying and responding to you. I know eviction is one option, but I was looking f...
Charlie Moore
WHAT IS ESCROW? WHY IS IT IMPORTANT???
- In your own words, explain escrow.....- Why is it important, how do i set it up in a bank....-New To investing... THANKS! HELP!!!
Shawn Daniel
Estimating Rehab Costs
Happy Friday Everyone!I've recently noticed that, as I'm trying to get my REI business off the ground, I haven't had much experience in calculating rehab costs. This is a huge part of wholesaling (my starting point) a...
Mary R.
looking for a thread
Several months ago someone asked how to evict unknown tenants. I've been looking for that thread. One response was along the lines of treating them like owners and having the eviction notice read Mr/s owner and all te...
Anna Antipkina
Long Term Tenant on Short Term Rental Property
Hi all! Have you ever had a short term rental that has an ADU on the property or in a separate part of the house where a long term tenant resides? Do you put that in your house rules and ask the guests not to bother t...
Eric H.
My Tenant's Anniversary is Approaching....
Great morning BP Fam,Tenant's lease is up in March '18. How early are you sending out renewal/anniversary (Mr. Landlord terms) letters? I am planning to send out letter in January.Thanks!
Scott Thompson
Flordia Reator requirements when offer on a property is made
When written offers are made to realtors in Florida, are there any requirements that they provide a written response from the seller indicating that the offer was rejected or a counter offer made? What assurances are ...
Isaak Brown
Tenants having problems with each other - best way to respond?
Hi there,I have a four unit building. The top unit has 2 tenants who moved in in April. Below them are 2 tenants who moved in last October. Top Tenants complained last month that Bottom Tenants are putting their trash...
Anthony McNair
New Wholesaler here
Is it normal to have the new investor buyer for contract put an earnest money deposit in escrow at closing agent or to cut me a check directly? Also is it ok to require them to use my closing agent?
I hope to get s...