Mike Pichik
IRA to 1031 for Real Estate Invenstment
Looking for some guidance. I have about $100k in a self-directed securities IRA. I've picked up on bits of information that indicate I might be able to convert those monies, through a 1031, into funds to be used to in...
Rashida Akhter
How often do you have a building inspection?
I'm wanting to understand from commercial property owners & investors. Are you familiar with Property Condition Assessments i.e. building inspection of all major systems of the property? What is most helpful in th...
Ryan Louie
Claim gains/losses from friends k-1?
Hello!My friend works for a real estate development company and gets to invest in the projects his company develops. I gave him some money to invest in one of their projects and it looks like they are getting ready t...
Scot Sorenson
Should PM be showing me Background checks?
Hello BP,Should my PM be showing me background checks on perspective tenants? I have 1 SF home that I rent out. My PM told me with the first tenant that moved in he would be doing backgrounds but would NOT be sendin...
Matthew Albritton
Separate Bank Accounts per Property?
Hi Everyone,Quick question. I heard it is a good idea to have separate bank accounts per property. Is this recommended? Are bank accommodating?Thanks!
Gregory Williams
Tax lien on my credit report
I have a tax lien on my credit report, and I was wondering if that will have a negative affect on me as a wholesaler, when I put properties under contract and go through the closing process with the closing company...
Tara Sonnabend
Need assistance with landlord I'm leasing an arbitrage property from in Glen Ellyn, I
My company leases a property from a private landlord in Glen Ellyn, with permission to sublease. A leak from the wax ring of the toilet was recently discovered and reported. I notified the landlord immediately upon re...
James Wierzba
Sue for lack of disclosure of water intrusion?
Hi,
I have a rental property that I bought in 2018 in Indiana. It is a "turn key" rental property i.e. I bought this property from a company that buys distressed properties, rehabs them to prepare them for rent, and ...
Dan S.
Water Bill missed by Title/and Municipality - falls to New Owner
Hey folks,Looking for advice on a situation where I closed on a house through settlement company on 6/29 and about a month later was sent a bill by the water company for $300 for a meter that was put in before settlem...
Kendra Mattson
SmartMove vs RentPrep
I've used SmartMove for my last 3 tenants and have had good experiences with all of them, but I'm currently trying to screen a tenant with SmartMove and 1) I can't tell if I'm still receiving a BP discount because it ...