Matt Cecil
DIY vs Contracted work for rental/flip
Hi all,I was talking to a family member over the Holiday about DIY electrical for his property. He is planning on doing electrical himself but found out the State of Minnesota requires that to be contracted out for a ...
Bill Zepeda
Tenant Screening
Hello all- First, I want to say how much I enjoy this community! I'm so grateful to all for the vast amount of knowledge shared in these forums!Question: I'm in the process of screening tenants and want to know if i...
Josef Roberge
Do I Really Need a Local Business License for this?!?
Someone is paying me a referral fee for just connecting them to a deal. I have no involvement in the deal at all, or transaction, contract, not a consultant.I set-up a quick LLC for them to pay me under, and opened a ...
Andy M.
Late payment fee collection
Hi all. This might be an obvious question to most except me.
Rent is due on the first of every month. On the 5th there is $35 late payment fee according to the lease.
So I would give a "3 Day Notice" to the tenant...
Patrick D.
Development Capital Raise
I am working with a real estate developer who is looking to raise capital on 21 x 2 family house purchase, gut/rehab and flip. I am in the process of raising funds for him, basically $260k money raise per property. Th...
Shea Stringert
Questions On Lead Paint
Hello -
I am hoping to get some advice on buying investment properties that are known to have lead paint present. I'm buying in the Hudson County, NJ area for any of you who know the specifics of this market.
My q...
Howard Maidens
Self directed IRA
I just learned about self directed IRAs and am extremely interested in this as an option. I was told that if I buy a house to rehab, that I am not allowed to do any of the work myself. That if has to be done by a lice...
Daniel Toshner
My 1st Owner Financing (Help Needed)
Hey BP!As always thanks in advance as I have gotten so much from this forum already! Anyhow, I have a tenant that is wanting to purchase the rental I own. I have never done an owner finance for a renter so I would j...
Will F.
For Los Angeles county rental housing. Stranglehold on small landlords
Reminder: Help stop stranglehold on LA County rental housing
Tell the Board of Supervisors Enough is Enough! Oppose item 54-A
TODAY, the Los Angeles County Board of Supervisors is considering a draconian measu...
Brett Fredrickson
Lease to buy
I am thinking about buying a property and leasing it out for a year or two before selling.
Is doing a lease to buy worth while? What percentage of the monthly rent to you apply to their downpayment?
What other was d...