Scott Passman
Basic REI questions often asked: answered
I thought it might be helpful to post a quick list of many of the common REI questions I see posted on here that are fairly non-specific and have similar answers across the board. While I am no expert in real estate, ...
Steven J.
Community land trusts; good idea or bad idea?
I was doing some research on land trusts and came across the definition of a community land trust. From the Grand Forks Community Land Trust website we see that a CLT is defined as "community-based 501c3 nonprofits wh...
Denise Mayo-Walley
Houston area property analysis
Hello BP community!!!!
Several hours ago I viewed a property with my realtor and was very excited about the property potentially being my first- that was until I started crunching numbers. I sure hope my cash...
Jesse O.
Funding question
Just starting out and have found a 2500 sq ft duplex in historic neighborhood. I can pay cash for the duplex, but needs upwards of $50k in rehab. Purchase and rehab is about $80k and should rent for 1500-1800 a mont...
Chris Jackson
Hit new milestone - 4 closes in 4 weeks with 4 more in contract
Pretty excited to have our system working to the point where are closing 4 deals in a month with a pipeline looking like 4 more closes next month. These are single family rentals.We also closed on a 12 unit earlier th...
Maxine Kunimura
Lender keeps contacting my child’s daycare
My lender has contacted my son’s daycare (without my knowledge) twice now. Not to verify the cost or attendance, but because he is trying to come up with a “strategy” (he calls it) to document that my child care costs...
Lauren Daly
What do you do when a tenant covers expenses?
We have a tenant who has a background in construction who moved in to our A class property about a month ago. He discovered a problem with the light fixture in the entry way and has offered to replace it with a simila...
Haseeb Awan
Paying off mortgage quickly vs cash flow for salaried people ?
Hello, While majority of the people on BP are always championing cash flow, I beg to differ the strategy while thinking long term. I am curious on what other people think of it. Currently I am taxed at 35% of my incom...
Courtney Duong
Tenant did not show up for hearing on 6/24 and now appeals
Hi BP,As I said in another post. I have a tenant who is always paying super late for 8 months now already. So I filled for eviction beginning of June for June (after giving her 3 days notice and all). Court hearing...
Adam Craig
Why dont accountants understand real estate investing?
I have used 2 different CPA's and they all seem to think alike. Both prefer I max out my SEP IRA / HSA before putting the money into real estate. I put a nice chunk of cash into both but I want real estate to be my m...