Nathan B.
Problem tenant who pays their rent
I currently have a 1rst floor tenant who has been a reliable payer of the rent for the last 2.5 years. They pay 1050 for a 3 bedroom apartment that currently would rent for around 1450-1500 in the present market. ...
Jeremy Davis
How do you quit your day job if you need a job to get a loan?
Hey everyone, I live in Los Angeles, got married just before Covid hit, and my wife and I want to move to another state to start our lives, and hopefully a new financial freedom in real estate investment. Whichever th...
Sid Naik
Bay Area Rents collapsing
My tenant decided to move out from my rivermark condo in santa clara . I used to easily find tenants for $2700 ( 1 bed , 1 bath) . However its been 2 weeks and inspite of me lowering rents to $2350 I am not even getti...
Juan Escarcega
HELP! New investor bought a lemon in SoCal - seeking guidance
Hey BP!I am currently FHA house hacking a property that I purchased about a year ago just south of USC which, unbeknownst to me, had illegal construction, which caused a host of problems, in addition to other issues. ...
Mandi Martinez
When the contractor is over the timeline, by A LOT.
I’m on my first flip, and the official start for renovations was November 1st 2018. I was told it would take 12 weeks to complete the project and now we are well past that and still having issues. All of a sudden I ne...
Timothy W.
Prepping for Cap and Trade effects
Alright,
As wrong as it is, it's a reality. No use pissing and moaning - we're going to have to deal with it. What exactly does it mean for us and what exactly are we going to have to do? I've m...
Account Closed
20 Yr. Old Investor: Got My First House Under Contract! What now?
Hello BP!!!! I have waiting for this day and it has finally come. I have got my first wholesale deal underway and I have got a house under contract!! I am excited but anxious at the same time as I do not know where to...
Will Barnard
Take the Tax Hit or 1031?
I have a problem and would love to hear some opinions on this.
Here is the scenario: a $1.5M tax exposure (net profits on sale of property) and a lack of desire to pay Uncle S. and CA 50% of that ($750k).
So the ques...
Monica Burt
How did you incorporate? C-Corp, S-Corp, LLC??
I am looking to incorporate myself for a variety of reasons before fully engaging in my RE journey. I am curious what option you took for incorporation and why you chose that option. I have an MBA so I know a decent...
David Lund
Noob Needs Advice: finding a Realtor
Hello All,How do I find a realtor whose interests align with mine and I know aren’t using me for their own benefit?Thank you,David