Steven Lewis
How to properly pay back a LOC for correct write-off
I was blessed to have money gifted to me from my parents from their LOC (line of credit). The LOC comes with a monthly payment which I am looking to pay so I get that tax benefit. I'm looking for advice on the best wa...
Robert Huizar
Created 2nd LLC, whats the proper way to fund this? (Details)
California LLC. Business established Jan 2018. My partner and I started off by forming an LLC but quickly learned that we should probably have a passive and an active income LLC. We have already poured our funding ...
Mychal Manning
What data should I retrieve from MLS to properly analyze deals?
Hello Fellow BP investors!
I’m looking to get started in the wholesaling business in Chicago. I’m here to ask a couple of questions regarding this preliminary stage in finding deals.
I have a close friend who is a...
Travis Cawthorne
How to properly leverage tax breaks when using the brrrr method.
I’ve been investigating the Brrrr method and have listened to the latest webinar with David. How do you leverage tax breaks when using brrrr and what will you be taxed on when investing this way. Also, how much money ...
Janeth Graziani
What is the proper way to terminate a lease in California?
Hello,
My husband and I have decided not to renew our tenants lease for a third year. Their lease is up this September 2022. What is the proper way to notify them? I have been researching online and I believe the req...
Elizabeth Schellhammer
tenant asking for discounted rent due 2 oven not working properly
Hey BP Community!So here is the scenario:Our tenant informed us on Monday night that their oven wasn't working properly. My husband immediately went to the unit to check it out. He agreed with the tenant that the oven...
Devin Beverage
Proper way to compare multifamily (multiplex) home values in an area
When determining whether a multifamily property is over or under-priced, how should comps be considered? Ideally I would image we would try to compare them to other multi-family homes for sale in the area, but if ther...
Chike O.
Can I finish a basement that isnt the proper ceiling height?
Hello folks,I am currently in the process of finishing my first rehab. The house is a 2 story 3/1.5 single family with a basement. Due to a lack of space on the 2nd floor, there was not adequate space to add a 2nd bat...
Bill Flannagan
Illinois Intent to Renew the Lease and Proper Notice to Vacate
I'll try not to make this lengthy. 45 Days before my current lease was scheduled to end I contacted my tenant to find out if she was going to renew the lease. She informed me that she did intend to renew the lease. Th...
Ellie Narie
How do I properly send out mail for off-market properties?
I am looking for off market 4plexes in my area. I have located a street where there are a bunch of them, so I am just looking up the addresses and the owner's names and contact info from public records (whitepages, sp...