Roxie Kim
Evictions on an 8 unit property
Hello,I am currently in escrow for an 8-unit "C" property in Central California and was hoping someone could help me with something. I received the property's one-year P&L statement today and there were a lot of l...
Xiaoyu L.
California Code Enforcement Nightmare
We are currently in a nightmare with code enforcement. A tenant's drain got clogged and caused sewage to back out in one room. They called code enforcement on the property. I don't know why they think that was necessa...
Mike Sanz
Buy 2nd home as primary residence while renting out current home
Hey Everyone,I'd like to get some of your advice on strategies for purchasing our second home as a primary residence while renting out our current home. My wife and I live in Hawaii in our first home that we bought in...
Charquis M.
Should I form an LLC for my first rental property?
Hello All,My name is Charquis and I am in the process of purchasing a new home and turning my current home into my "first rental property." I have been told that I should form an LLC before gaining a renter? I am not ...
Dan Biga
Owner Financing Advice Needed
I have a 2/2 condo in Gulf Shores, AL that I owe right at 250K...the condo is probably currently worth 115K...I have a potential buyer that is interested in me "owner financing" the deal, and she basically take over m...
Kyle Abramov
Property Mgmt Company for first property?
Hey guys,
Do you think it's beneficial to sign up with a property management company for your first rental, or should you wait until you have a few under your belt.
Perhaps this is a subjective issue. Interested in...
Brian Kantor
Insurance for short-term rentals?
Hi, everyone. Most of my experience lies in the longterm rental property world, but we just picked up a short-term rental in Vermont and are going through the process of getting it ready to go.The property cost about ...
Stan Chin
Need advice on 1031 - Single Family Rental
I'm a newbie with 1031 and with buying out of state. My SFR in San Jose will be closing within 30 days or less. I will have about $1.1M to exchange. I know I need to identify properties within 45 days of close and buy...
Nick Patel
how to sell REO property
Dear BP members,Recently we took back Vacant property (Deed In Lieu). Now we own this property and want to sell. 1. We have inspected inside and noticed lots of trash left by the previous owner. Should we clean out fi...
Lori Brittain
writing off meals during REI meetups
Should I be saving my receipts when I attend local meetups for a tax writeoff?