Cody M.
New Landlord in KC
Hello all!
Working on getting a list together for my first local rental in Kansas City. So far I have:
- First month rent
- Security Deposit equal to first month rent (in separate account)
- Last month's pay stu...
Account Closed
partnering with people to buy commercial building?
Is it legal to raise funds for an apartment building? or do i need to be a syndicated investor.My plan is to get a commercial loan, and partner up with multiple people for the 20% down payment...Now, Not that i would....
Jeremy D.
1031 exchange into a fund?
HelloI am in the process of selling a 3 unit residential investment property and would like to do a 1031 exchange on the proceeds to defer capital gains tax. Here is what I would like to do and i'm wondering if someo...
Diane Menke
Are You Interested in Buying Equity Shares?
Dear BP Community, I am teaming with a great agent friend locating properties to buy hold outside of Philadelphia in Pa. We are looking at larger packages of properties, multi family, mixed use. Our plan is to lock up...
Gary B.
Tenant trying to take advantage
Hi Fellows,
i have a new tenant, she works for adult care facility. From day one she is trying to trying to make up things to get free rent by giving empty threats. Following is sequence of events:
1. Tenant moved i...
Prashanth Ven
Weird situation with tenant.
Hello Experts, need advice on how to deal with this situation - a couple co-signed the lease, now the husband ended-up in jail for beating the wife, now wife has a restraining order on the husband but asking me to ame...
Roger Mace
How to Know if You Have a Good Private Money Broker
While engaging with the Bigger Pockets community, I've noticed many investors seeking funding. Frequently, brokers respond with phrases like, "I can help, let's connect," or similar offers. However, it's essential to ...
Curt Smith
filing taxes on a note that I foreclosed on AND got the property back a low FMV.
I did search BP on this topic. Apologies if I missed a thread! I am almost an expert in RE taxes and self file. Just currious re any unforeseen issues with foreclosing the note AND getting the property back with F...
Thanh Nguyen
Mortgage loan originator role!
As Dodd Frank Act coming, I can see that LO investor should use MLO ( Mortgage loan originator) as our middle man to structure a deal. I used to close a deal in an attorney office. My question is if you put a MLO i...
Lee Van Every
Funding for multi-family MI
Just curious what the requirements lenders have for multiple buildings with multiple units? I found three 4 unit properties that are 80% occupied being sold by an individual in declining health at 86 yrs old. He has o...