I closed on my first purchase yesterday. 2 unit duplex in Memphis, TN. When I was calling the tenants to let them know of the change, one of them told me she would be submitting her 30 day notice with the Apr. 1 re...
I am considering, finally, selling one of my single family homes which has been sitting empty for three months between tenants. Whenever there is a vacancy with one of my houses it is a devastating financial blow and...
Is charging first months rent, last months rent, and security deposit overkill? I have screened tenants that have a 650+ credit score but am deciding whether or not just first months rent, and security deposit is acce...
I have two condos that are currently rented and they're both in my name. I'd like to move them into LLCs, but am concerned about the due-on-sale clause. Many people I've spoken with say it's not a big deal and the ban...
Hi ... need advice on the following scenerios:
(1) Scouting Foreclosure Auction Bids
I am in real estate and have MLS. I know how to search Trustee websites and find address / date / opening bid amount for...
Hey All... Thought this might be an interesting post considering the roller coaster market we are currently in. Curious your thoughts on how I could have approached an offer I recently made on a property or if you ha...
*Detailed Post*Hey BP!I have an awesome opportunity to purchase a 6 unit apartment building in a fantastic location 2 blocks from my home. My problem is I just can't figure out how to finance this thing. Let me just s...
If you paid anyone for services in 2021, more than $600, then you should send them a Form 1099-NEC. It's not a favor, it's actually required by IRS. If it's late, there is a penalty. Less than $300. You might get ...
I have a prima donna renter. Only drinks Evian, only drives new cars. Only….you get the idea. HVAC system tests out fine. Nothing wrong with IT, but she told the technician she needs to be “freezing inside during the ...
Hello,I currently make a solid income and own a STR that is doing extremely well (30% COCR). I am looking to scale my business and am leveraging an investor (my parents) to fund my down payment for 5 % interest on a 1...