Nicholas Foy
Recent real estate failure
I closed on a property in Warren, MI on Oct 20 and I quickly found out through my property manager that the house is in a horrible area and won't fetch enough rent to cash flow. I was too giddy to get another property...
Andy Mirza
Development question for hilly, 9 acre property
I'm trying to figure out what kind of professional I need to consult about this project.My partner's family owns a 9 acre, hilly property with a 5000+ sq ft 1980's house in a very desirable part of north orange county...
Tucker Long
Single or separate websites for consumer sales and investing biz?
Hello,I'm working on building my real estate brand and am having a hard time deciding how much to combine or separate the sales side of my business from the investing side of things. My intuition is for the sake of cl...
Mike Conklin
Landlord forms from BP; Indemnification insurance in lease?
I purchased the PA Landlord form from BP as we are getting ready to rent our first duplex. In it is a section on Indemnification insurance, 20.B for those of you that have it. I read this section as the tenant needs r...
Bryan Brooks
Any Pointers on Selling an Investment Property w/ Tenant
I own an investment property in Virginia. I purchased it in 2005. It's been a great investment. It's about 3,300 square feet. Current market value is between $330,000 and $350,000 or so. It rents for $1,900 per month....
Joyce Jackson
Mortgage interest & PROPERTY TXS PD YTD no longer matter? T/F?
Recently filed... I have three Luxury rental properties that we’ve paid roughly 30k in interest and another 24k in taxes on... my tax guy said he didn’t need the statements because it no longer makes a difference for ...
Chris Lucas
LLC versus no LLC, Mortgages with LLCs, etc.
Hi, everyone!First post alert!I am looking to do my first two deals simultaneously (one 4-plex, one duplex, same town) and would like some advice on a few items. Ultimately, I will be talking with a CPA to discuss str...
Andriy Boychuk
Insurance for moving mobile homes
Is there an insurance for moving mobile homes? I heard couple stories about mobile homes breaking in half during transportation. Is there a way to protect yourself?
George P.
How should i structure Land Contract?
I am closing on a house today that my concrete contractor wants to buy on a land contract.Frankly, i dont know if i want to sell any of the houses that we have, but he keeps pushing me to sell it after we close.can yo...
Oscar Jacome
Newbie in Chicago
Hello BP,My name is Oscar Jacome and I live in Chicago (Dunning Square). I just closed on my first deal this week; it took the bank a long time to approve the FHA loan. The property is a single family house in the Dun...