Curtis Magee
How to rebound after a fire
Hello everyone,We just had a fire in our fourplex. Only one unit was damaged and the tenant agreed to pay for all repairs. I don't think she can afford to pay for the damages, therefore, we are preparing for small cla...
Loc R.
Potential Deal, Input Please
Deal 1:
I've got a motivated seller of a 4-plex. With a cash offer of $150,000, the cap rate is going to be 15.2%.
Now, I've got an investor lined up who will fund 70% the deal (I'm putting up 30%) at 7.5% (20 ye...
Mark Bradford
Deeded own dies while my company manages the property
As the title says:
Owner of a property I manage dies. Now what? What paperwork should I receive from an attorney or family member to prove ownership?
What is the best way to handle this. I don't want t...
Ric Weidner
feedback on our flip
hello BP'ersI'm not going to get into the drama of what my wife and I are going through with this thing.I am looking for honest feedback with how to deal with this, so here goes.we have a house on the market right now...
Leslie Zhang
Profit Sharing and Tax Responsibilities...
I have a new real estate investment company that has a 50/50 or 40/60 split with my investors.
My question is, if I pay the investors out right away, they would receive their portion pre-tax. Will I have to pay the t...
Hugh C.
Delaware Statutory Trust
Does anyone have their properties held in a Delaware Statutory Trust (DST)? I would like to consider it but would like to hear from those who have it and can describe their experience of using it as they purchased mo...
Jesse Zhu
Advice on a condemned property in Cleveland OH
Purchased a package of 5 REO properties cheap in May 2015 from a company in Florida when they came to LA to promote their deals. The 5 properties are all over the country. This is one of them (10816 Grandview Ave, Cle...
Brandon Eleazer
Best Strategy: Seller owns free and clear
I received a potential lead in the following situation:
Seller owns property A (free and clear)
Seller wants to sell property A to pay down principle on property B (mortgage)
Property A is in move in condition, single...
Ram Gonzales
Creating a debt fund for owner finance strategy
I've done a lot of wraps and subtos and highly prefer the seller-finance strategy for a lot of reasons, including offering the opportunity of homeownership to those otherwise rejected by traditional banks. I want to c...
Jeremy L.
Advice needed re: property management - Lakewood/Tacoma, WA
Hello BP community,Happy New Year! I am a new real estate investor and I closed on my first duplex in November in Lakewood/Tacoma, WA area. Tenants were placed in both units by a previous property management company (...