Kirill Romashov
Raising rents when buying a property
Hello. First time posting. How do you increase the rent on a property you are purchasing if it already has tenants. (Tenants are on a month to month)
Danté Belmonte
Setting up a Syndication
21 years old and I have multiple investment properties. Now I am stepping it up a notch to create Syndications. My plan is to buy a crap shoot multi-family cash and BRRRR it thus returning all of my investors their mo...
J M.
Receiveing money, Logistics and tax question
I need to know how would you approach the following scenario.
You have a friend that owes your family some money, so he will be giving you 50k. He has the money in his bank account.
Logistics wise, would it be bet...
Troy Fisher
Syndication - Equity Partners Finding Fee
So this weekend I met an interesting guy who is working on some pretty big commercial deals. He's got a couple of syndicated deals in the works looking mostly at rehab and resells.
I've got a guy who is an ...
Prateek Bansal
Security Deposit Refund dispute - Tenant running a dog Kennel
Hi, My tenant moved out a few weeks back and recently I found out from the neighbors and online posting that they were running a dog kennel at my place. My rental agreement mentioned they were allowed to have only 1 ...
Victor Umeh
Things to lookout for in a Subject 2 Deal?
Hey BP Family,I am an investor in the Augusta, GA area with 1 property currently. I'm looking to purchase another property and have come across a Subject 2 opportunity to take over the remaining loan balance from a Wh...
Jackson Long
Have assignment, wholesaler lying help?
I am reposting this here after no action in the general forum:Wholesaler went into a deal with seller- contract specifies it is assignable.I went into contract with the wholesaler.Wholesaler contacts me and says the d...
Daniel Sabato
Cost of a Good CPA to Handle Your Taxes
What does a good CPA cost when tax time rolls around? Now I already know that this is a "it depends" kind of situation and I understand that. I'm just looking to get a ballpark idea of what would be an insane number. ...
Ryan Sun
Inquiry About Receipts and Fees from PM Company
As a new real estate investor, I recently bought a SFH and hired a PM company to handle it. I'm wondering if it's common for PMs to provide detailed receipts for each project, and if it's reasonable to request them. I...
Jonathon Young
Keep using Turbo Tax?
Hello everyone, I bought my first rental last year in November (2022) but after rehabbing it myself, I did not have a tenant until January of this year (2023) so I did not make any profit to show on taxes. Would there...