Heather Yates
Tenants failed or delayed to report water leaks
I have a tenant in an SFR with 6 months remaining on their lease. I lived in the home for 5 years before renting it out without major problems. Just a few days ago I received a call from the local utility company rega...
Andre B.
Foreclosure Auction for HELOC?
Hello all,So I found an upcoming foreclosure auction listed at a Firm's website and announced in a local paper. Here is the strange part though, I searched the property records and the deed instrument number being au...
Sam Bans
Buyer (I) wants to back out of the contract, my options?
Hi,
I am in New Jersey state. I am a buyer under contract on a property with all contingencies on track to be completed. Inspection - seller agreed to all requested repairs, credit. Mortgage - approved.
But I do no...
Aaron S.
Co-Ownership and Taxes: Who gets to claim mortgage interest, depreciation etc?
In 2022 I bought a single family home with a VA loan. I house hacked with my partner paying half of the monthly expenses. We also had 2 roommates and we split the rental income from them every month.After a couple of ...
Aaron Hughes
"Newbie" - Begrudgingly Entered - Took Action - Seeking Advice
Hello,This is my first post. Let me cover the basics:Who: Aaron (myself)What: Rehabbed PropertyWhen: Over the past year (Summer 2020 - Present)Where: I live in MD, the property is in SE DC.Why: That is what this ...
Wilson L.
Tax strategies converting primary with equity into rental
I currently live in CA. I currently have about 50% equity in my primary home, we are thinking of moving into a quieter area in the next city over, a few years down the road, and want to retain our current primary resi...
Steven Gilbert
Partnership Agreement: Pro-Rata GP Equity for Capital Raising
The general partnership has 500k left to raise (Approx 50% remaining) in a 506 (c) fund. There are three GP's, the capital partner, the operator, and the fundraiser... 30% equity stake in the GP is reserved for raisin...
Jennifer Warburton
Septic fail on rental property
I just moved in to a rental house. The first week a tree fell on the garage. The landlord told us that she would take care of it. Two weeks later the tree remained in the driveway making it unable for us to park. The...
Adrian Gonzalez
Can’t convince spouse to back me up
Hello, everyone I’ve spent about 5-6 months listening to OG BP podcasts and BP rookie podcasts as well as most of the books that are suggested in the shows trying to soak in as much knowledge as I can. I’ve been strug...
Elliot Angus
Seller Finance to 1031
Hello, I am looking to purchase part of a portfolio. The scenario is: The seller (ie. John) currently owns 6 properties. John is looking to sell 1-3 properties now and reinvest some of those proceeds into the remainin...