Mike Feehley
Uptown Charlotte Condo Fix n' Flip
Investment Info:
Condo fix & flip investment.
Purchase price: $165,000
Cash invested: $25,000
Sale price: $250,000
This was a 1/1 in Uptown Charlotte. The condo had been owned by the origina...
Aaron K.
How to handle security deposit with two tenants on the lease
I'm about to collect the security deposit and sign the lease with my very first tenants, a young unmarried couple. The girl makes enough money to rent the property on her own, so I'm tempted to leave the guy off the l...
Jesse Scheidel
Structuring bank accounts
When setting aside money for Capex, Vacancies and maintenance, should you use multiple bank accounts? Is it best to have a bank account for each property or one account per LLC? What do you find to be the most efficie...
Brendan O.
Buy and Hold or 1031 into larger building
I have some properties in an average neighborhood that i developed into large apartments some with five, six or even seven bedrooms . Some are rented by the room so the work involved is becoming too much. I am a buy a...
Korey Carr
New Jersey tenant not living in property
Hi everyone, i owner occupy a duplex and I have a tenant that’s on a month to month lease. I gave them a 60 day notice at the end of June which would mean the lease ends on August 31st. The tenant agreed to it and ack...
Gurpal Cheema
Tenants Divorcing - Need advice
Hi BP,I have a young couple living in my condo her in New Jersey for almost 3 years now. Over the weekend I received a call from the husband saying his wife has done some illegal activity (not inside the condo) and sh...
John Kwon
BRRR cashout questions (tax related)
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Chris Heeren
Keeping security deposit when tenant breaks a lease
I just had a tenant tell me today that they are breaking their 1 yr lease and will be out of the house this weekend. I'm thankful that I won't have an eviction but was wondering if anyone out there keeps the security...
Jay Hinrichs
typical fake lender for all you starting out borrowing money
here is a PM I got on BP.. you will get these on BP linkdin and facebook.. they are all frauds.. anything that reads close to this.Fred Williams Sent 1 hour ago
Report SpamBlock Fred
HI, THIS IS JOHN.HP.LOANER SE...
Carlos Rodrigues
What's a promissory note?
I'm taking my real estate course to get my license. And we we're spoke about promissory note. My professor summed up what it meant, and I didn't get the chance to have him clarify what it means exactly. Maybe a exampl...