Joseph Bagley
Up to bat. RE coming my way, but which way to swing
Hey BP,Been reading, listening and now I have an opportunity to buy some RE. The property is less than $2k from being owned out right. My mother wants her sons (me and my brothers) to take it, but not without taking...
Ryan Windus
Preferred Returns Implications on Cash Flows
Recently, a lot of the value-add deals we have been underwriting will produce less cash on cash returns during the beginning years of the project than the deal's preferred return. Whether talking to potential investor...
Account Closed
Business credit cards
For this business, has anyone used a business credit card for either their real estate business transactions or for business expenses? Also, is there any benefit to having a business credit card compared to using your...
Natalie Schanne
Eviction - Can I Charge Unpaid Late Fees to Security Deposit?
It happened again. My tenant hasn't paid yet. I should have expected it, but she said she'd pay today and she didn't. So far, she's paid on the day she said she would, usually 3 to 10 days past the first. She's been r...
Becca Pariser
Contacting an owner with an unhelpful agent (On Market)
Hi there! There is a multi-family nearby that I've had my eye on for a while. It's a SFH with two 1/1 units in the back. It's been on the market for over 228 days. I reached out to the agent with a generous Seller Fin...
Michael R.
Security Deposit Account
How do people here handle sec. deposits? NY requires me to put them in a seperate interest bearing account in the tenants name. Is the account just a regular savings account or something different? I was thinking abou...
Greg Doyle
Going into business with a Shark
Hey everyone,I own a small commercial real estate property, and have been approached by a potential tenant who is considered extremely successful. This tenant's team has done billions in sales and acquisitions. They s...
Trent Waller
Wealth Building Strategies for a Law Student in AZ?
I am currently a first year law student at the Sandra Day O'Connor College of Law in Arizona. I have no income, and I am accruing student loans. I am eager to begin building wealth, and I do not want to wait two more ...
Keith Foltz
Seeking advice on HELOC or cash out refinance
My wife and I are buy/hold and would like to add to our single family rentals. Here is our current situation:Rental 1 has a loan balance of about $50k and would probably appraise around $120kRental 2 has close to the ...
Lyle Cooper
Will taking COVID-19 forebearance now impact lending in future
I have 2 rental properties with mortgages on them. Both are in NYC. One rental property is up for renewal in June (currently occupied) and the other has a tenant who was always behind 1-2 months before COVID-19. O...