John Hagen
Partners disagree on how to accept rent, 2-2 split
We are having a minor partner conversation, not a fight at all but maybe there is room for improvement and I’d like to hear what you all recommend. Of our 5 partners we have a 2-2 split and a 5th sitting this out. A h...
Alex Hamilton
Building Wealth Quick Start Program
Good morning from Baton Rouge, Louisiana. I was about to go to one of those Seminars but, just as I turned on my computer; Russ Whitney, and Jason Lucchesi, and a number of other Real Estate Guru messages hit my Comp...
Xavier Strong
Financing as a Partnership
Hello everyone. Some years back me and six other of my closes friend began contributing money into a bank account. We have enough to cover a 20% down payment but that's all. We recently structured our group as a busin...
Jim Charles
What to do when you know the owner is deceased?
So, I started using DealMachine this weekend. I put a local house into the app and it told me that it was owner occupied. It was apparent that this was wrong. After pulling the tax records on the house, it appears t...
Kevin Cardinale
Land Trust Assumable Loan?
Land Trust Assumable Loan?
So perusing things, I cam across this gem:
Making Loans “Assumable”. A non-assumable loan can become effectively assumed by using a land trust. The seller transfers title into a land trust...
Joshua Dorkin
Need Help Setting Up a VOIP Phone System . . .
Hey Everyone -
Does anyone know how to set up a VOIP phone system and do you have any recommendations? I don't have a phone line in my office outside my cell and would like to set something up. There aren't...
Doug Reed
Greetings from ATX
Hi! I'm a computer engineer from Austin, TX. Except for owning my own home, I'm not a real estate investor yet. I'm looking to change that in the next year or two. Like most of the other Austinites on BP posting i...
Les Jean-Pierre
Inherited Property and Depreciation
Hi, I know the rule is if a person inherits a property there is a stepped up basis for capital gains purposes. Does the same rule apply to depreciation? The property in question is purely a rental and would stay that ...
Caryn Seifert
Renters Insurance Notification Letter
Hey BP network!
There have been a lot of forums on Renters Insurance. This is something I am implementing as a requirement (better late than never).😉
In case this is of help for some of you I thought I would share t...
Tim Bales
Text messaging app to use with tenant communication
Any recommendations for good text messaging software to use with tenants? Something with mass text capability and automation?