Gabe K.
Success Story: Note Exit via Trustee Sale
In March of this year we purchased a non-performing 2nd deed of trust in the Silicon Valley area of CA. We attempted to work out a loan modification with the borrowers but ultimately needed to foreclose as they were ...
Marie S.
How Do You Pay Yourself?
So, I'm a couple weeks away from closing on my first 4-unit and was wondering... "How am I going to pay myself?"
How do you initiate and record payment to yourself? Do you put yourself on payroll? Do you calculate yo...
Jeff Lehman
Credit check question
I'm in the process of screening tenants for my first unit rental. I was planning to use "Amrent by Smart Move" to do credit checks, background checks, and evictions checks. However, I stumbled across a website called ...
Drew Whitson
How do I allocate personal expenses from multiple LLCs?
I hold various amounts of ownership in four LLC's each which hold multiple real estate assets. One is 100% ownership, then 50%, 1/3rd, and 1/8th - as each deal comes along it gets put into one of these LLCs dependin...
Michael Plante
Suggestions for 3 units but only 2 meters
Can NOT get another meter hooked up On the same property I have A singlewide A doublewide A studio aptThey all share the same well There is one electric meter for the singlewide And another meter for the well, doublew...
Christopher Evans
How to Structure a Hard Money Loan
Hello BP Members,I was recently approached by an acquaintance for private lending for fix/flip. I have never privately lent but am intrigued by the opportunity. If I were to draw up an agreement what should be inclu...
George P.
Tax lien -> foreclosure -> quick sale of the property ... Income Tax Liability?
Situation... tax lien purchased with the intention to passively earn the interest (btw interest is taxed as regular income). Fast forward 1 1/2 years, the tax lien is not redeemed and the underlying property is acqui...
Cameron Chambers
Becoming a Real Estate Agent?
So I work as a inside sales specialist currently, and my colleague that sits next to me does RE Sales on the side at the job we work together (he’s working himself up to go full time with RE) Doing RE agent has intere...
Aaron B. Lewis
Seeking short term secured financing on rehab (Construction loan in place)
Summary- I am rehabbing a 3 family (into a 4 family) have secured a construction loan (183k) I have successfully completed 4 phases with four draws clean out, demo, framing, and roof totaling 43kI am now ready to orde...
Chris Mackinlay
Splitting multifamily utilities
Hi there. I've been analyzing lots of multifamily houses. What keeps killing the profit are the utilities. Many of the properties have only one meter for electrical or water.Have any of you had success with tenants sp...