Pinaki M.
Not using a realtor to buy REO -- good idea?
Hello, I have never bought any REO property before, so I was wondering if it makes sense to use a realtor to do it? What I mean is, I have found a REO property myself (without realtor involved yet) and talked to the b...
Lucas Amuchastegui
how does "pass through" income work in a partnership LLC?
Hey BP,
These will likely be silly questions but I'm a noobie having a little trouble finding answers online. we plan on hiring a CPA, but I'd love to understand some of the basics. My brother and I are 50-50 owners ...
Mark Douglas
Tenant Vacating / Insurance Claim??
I'm going to give a tenant a 30+ day notice to vacate by September 30. Last night, they had a kitchen fire, causing minor damages. I'm wondering if I should have them file an insurance claim, or just keep their depo...
Jerry Poon
Closing on houses Monday, but losing one to past judgement/liens
I am closing on a package of SF homes on 8/24. The title company calls me today and says that one of the properties is not able to be sold to me because the seller acquired the property through a quitclaim deed, which...
Lucas Gibson
Closing a wholesale deal
Hi everyone,
Can anyone address if the proper process to close on a wholesale is to:
1) have seller sign letter of intent (LOI) to get under contract. Does there need to be some sort of exchange of money here to make...
Tom Chick
Daycare Property via Single Family Home Investment
I am currently exploring an investment strategy of acquiring a single family home for the dedicated purpose of converting to a daycare center. For consideration, I think I would be able to find a modest ~800-1,200 sq...
Gabriel Ayala
Elevation certificate in texas
do elevation certificates expire? I've run into a problem here in houston the recent floods this past year has really hurt alot of the homes in the area. People being told they may not be able to get permits to rebuil...
Alan Siciliano
Paying down principal
Question to the group my partner and I owe several houses in a portfolio and wanting to sell them in a perfect world it would be nice to sell all at the same time not probably not going to happen, we have a offer on o...
Jeremy Helsabeck
When can rental income be counted as income?
I’m in the process of purchasing my first investment property. I want to begin to prepare for the second property and wanted to know when the income generated from the first property can be counted as income to qualif...
Terrell D.
Multi Family Floor Plan
Hellooooo BP Community,
I understand every market is different, but when looking at a multi family property what bed to bath ratio would you consider a good standard across the board? If anyone is in the Raleigh/Durh...