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I am new and wanting to build on a good foundation for purchasing 3-20 unit multifamily buy and hold- please chime in if you have helpful thoughts. Please list the insurance policies / types of insurance I should con...
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Hi All, I always delete the applicants files and personal info after I have denied the application. Would it come back and haunt me one day if someone files a complaint claiming that I unfairly reject his/her applica...
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Hello BP'ers I'm just starting to bid at auctions in NH and wondering how other people are protecting themselves against potential liens. I know I can pay a title company to run a report right before the auction but ...
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A friend asked me about a SFH being auctioned on the court house steps in a Texas county. At the conclusion of the sale I understand that the mortgage is no longer attached to the title. It becomes an unsecured loan (...
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New to this, so please be nice :)1. If we meet all of the requirements and choose to take bonus depreciation on an STR in 2024 (to take advantage of the 2024 40%), would recapture occur if we decided to change use in ...
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Hello,I bought a condo (paid cash) near the bottom in 2010 and its current market value is quite good. My parents have been staying there rent-free but they have a new place and so we want to consider doing a 1031 exc...
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Had a discussion with other investors today about 1031 and thought I run it here for opinions. John is an investor in my group.4 years ago, John did a 1031 exchange from a SFR into a MF and took on $1MM debt on a $1.5...
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Hi all,I am in the process of refinancing my AZ condo ( title in my and my wife's name). I would like to transfer title to a LLC at closing. Since we are California residents, what would the process be to setup a LLC ...
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Hi, I have a situation with a difficult tenant. They haven't been up-to-date with paying rent on time. They've paid eventually but it seems to be getting worse. I don't want them to slip into me chasing them for rent...
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Happy Holidays from Texas!
New house, totally remodeled, potential tenant is asking for 6 month lease, with month to month after lease ends. I prefer 1,2,or 3 year lease. a) Should I charge more for a shorter lease?...