Fred Ruckus
Mr. Landlord Credit / criminal / eviction check
I've been looking into the different credit check places for landlords to use online. The one at mrlandlord.com seems to be the most appealing to me. I was reading some of the reviews and the only negative thing sa...
Ate Etim-Edet
question on HUDS "Borrower's Contract with Respect to Hotel and Transient Us"
Hello BP family,I recently purchased my first triplex here in NE DC. I'm staying in one of the units, the other ones already came with tenants. Of course I used an FHA loan to close the deal. My question is a signed a...
Derek T.
Cash or HML Language for Offer
I have a question about my state's contract language. I am making a cash offer and providing POFs (my bank statement) however I am not sure if I will use cash as I have another short sale under contract that I am awa...
Michael Slampak
Pre-buying a house hack
Hey all! Looking to move to a new state and looking to house hack! The question I have is: if I purchase early with less than 20% down and not move in right away (move-in date is slightly less than a year from now) wh...
Oscar Alvarado
Self Directed IRA
Hello -
not sure if this is the right forum, but my associate has about $69k in a simple IRA which he would like to utilize for real estate investing, he also, would like to be able to pay himself for the wor...
Thatcher Glode
house hack question- what do I charge myself?
I have been running some numbers on potential househacks of a duplex or triplex... how do I account for my share of the rent for the unit I will live in when determining the profitability and cash flow of the house ha...
James McGovern
Standard Forms for Hard Money Lenders
How come no one has created a standard form for hard money lending where the terms are easily comparable across them? Something similar to the HUD forms we are familair with? Everyone seems to use email and will descr...
Ben Pupa
Selling a house, but I can't "clean" the title.... I BOUGHT IT CLEAN!
Hi all, I wasn't sure whether to post this in Legal or Buy/Sell, but I'll be grateful for any advice you have. in 2019 I purchased a property (survey map refers to it as "7B"). During the title search, it was determin...
Richard Z.
LLC partnership buyback tax question
I have a question regarding LLC partnership buyout tax implication. I'm making a simple LLC scenario for easy discussion.The LLC has three partners A B C. LLC did real estate development project: it bought a land and...
Mostafa Faghih
Can Airbnb house hacking be the key to building wealth?
I'm currently analyzing a theory that can help many people achieve financial freedom, but I need your feedback to validate it.The idea is simple: purchase a property with a mortgage and put it on Airbnb as a short-ter...