Janeth Graziani
We can't file unlawful detainer because we served a 60 day notice
Hello Bigger pockets fam! We were just told that we can't proceed with the Unlawful detainer process because we served our tenants a 60 days notice of termination of tenancy.
On June 26 2022 our tenants received a 60...
Ferdous Hussain
Should I sell my investment property or keep collecting cash flow
Hello, 1 year ago I bought a property in Paterson, NJ for 187,500 ( I got a deal). I strongly believe I can sell the house for 250,000. I am currently collecting 1,250 monthly rent from 2 units each which leaves me ...
Michael L.
I have questions about self managing?
Great afternoon BP fam🫡.1, When self managing, do you pay yourself a fee? 2, if you do pay yourself a fee, is it considered an expense (tax purposes)? 3, if you do pay yourself, do you have to set up an entity to legi...
Rayjunior Nunez
Length at job?
I’m making two years at my job in July but my 2021 w2 is about a half year, my 2022 w2 is the full year and obviously 2023 would be half done. How would they look at it? The past 2 years? so only 2021 and 2022?and if ...
Amber Gazzolo
Benefits of owner financing?
I have heard mixed information on owner financing and hoping for some clarification before I start making the proposal to sellers. Is there actually a tax benefit for the seller. To me it only makes sense if I can get...
Cheryl Frangipane
1st fix and flip, a lot of what not to do
Investment Info:
Single-family residence fix & flip investment in Ellijay.
Purchase price: $69,500
Cash invested: $110,000
Sale price: $130,000
I also received a 3/2 house in town that I rent...
Benjamin Haberman
Setting up a rental portfolio business
Hello BP community,I currently have a friend who wants to invest in SF rental properties. After explaining the cash flow some of these properties have in this certain area, he couldn't believe it. He asked me to draw ...
Chris McHaney
EIDL Use of Funds and Real Need?
We have been approved for the EIDL loan, but after taking a look at all of the requirements for use of funds, I can't see how it's advisable for landlords to take this loan, unless you are truly in need, hence the ter...
Jorge Liang
Do I need to add +5 day to 30 day rent increase notice?
I mailed my 30-day notice certified mail on 12/1/2022 for an increase on 1/1/2023.The tenant is protesting that the mail was received on 12/5/2022 and therefore rent increase must be prorated. Is +5 days valid since t...
Spencer Gysi
What is you virtual PO Box experience?
Does anyone have experience with using a virtual PO Box/address? How has it worked for you and have you had any issues?