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City suing landlord for $1.2 million for 'illegal' airBNB rentals
City apparently feeling unheard when landlord and airBNB appear to be dismissive about rental ordinances.http://nypost.com/2017/05/14/city-smacks-landlord-...Here you have landlord suing tenant for $300,000 for illega...
Bill Sargeson
Window in Shower. What would you do?
I have a foreclosure that I am seriously considering buying for a rental. My concern is the bathroom has a window in the shower. I was planning on gutting the bathroom and doing a complete remodel. I thought I could...
Kristi Miller
Buying in Norther California
Hello:
Although we live in Napa, CA, our real-estate portfolio is with properties in the midwest. We just understand that area the most. After looking at some multi-family properties here in Northern Califo...
Mindy Jensen
I think shower inserts instead of tile are fine, change my mind
I see so many comments that tile showers are better than shower inserts.For ease of installation as well as cleaning and mold/mildew resistance, I like a shower insert better. While I'm taking a shower, I don't look a...
Will Barnard
Validate the 50% rule
It has been agressively stated here on BP that operating expenses average 50% of gross rents. I have posted many times that while that may be true with some properties, it is not accurate or appropriate to use this pe...
Michael Burks
Mentoring Cost $20,000
I went to the 2 day Life Styles Unlimited class this past weekend with the goal of learning and finding a multi-family mentor to begin investing with. Like a typical sales funnel I quickly learned it was a brief over...
Marcus Auerbach
Thank God I had an LLC!! - Said no one ever!?
In 15 years in the biz I have not met someone who got sued and was saved by having an LLC. Every new investor gets hung up on asset protection and there is an entire industry catering to asset protection. There must b...
Phil Sharp
Buy-and-hold strategies in high priced areas
I have lived in the San Francisco bay area for the last 15 or so years, and am anxious to start doing some buy-and-hold investing. However, it seems that price-to-rent ratios are solidly over 30 in my area, and gener...
Latia Rowland
Turning Wholesalers into the Good Guys
I am in the process of looking for potential/motivated sellers in order to do some wholesale deals (enough to get me the money to do my own rehab/flip). As I've been researching, I see a lot that Wholesalers turn out ...
James Tedrow
Joe Biden wants to trash the 1031 exchange
What do you all think about Joe Biden's tax plan and the elimination of the 1031 exchange?Moderator Note: This post turned into a political discussion, which is not allowed per our rules. This thread has been locked. ...