Rex Celle
Do you track your net worth?
How many of you track your net worth as RE investors. If so, please share with the BP community your approach and what you include under assets and liabilities.
John Chapman
God I Love Texas Eviction Law
So I just finished up my first eviction proceeding. Tenants did not pay November rent, and the constable will be at their door at 9:00 am on Tuesday, December 3. The only reason it took that long to get it done i...
Trent Mettenbrink
My accountant says I need a separate LLC for every rental property...
We are new investors and are looking to set things up the right way. Our plan is the buy one or two properties a year. After talking to our accountant he recommended that each property by under its own LLC to protec...
Scott Klingman
Tellus App. Anyone actually using?
Is anyone using Tellus? It appears to be similar to Cozy, but offers free background and credit checks (no cost to landlord or tenant), and also has a decent android application (cozy does not). I've seen it mention...
Frederick Jones
How do you properly close on a sandwich lease option?
How do you close on a sandwich lease option without screwing up your option with the buyer. To make that question more clear, how do you close on a deal like this without the buyer finding out that he/she will be sub ...
Rob K.
Anyone ever get an unexpected (or undeserved) windfall on a real estate transaction?
Just curious if anyone has had something similar happen.
Years ago, I purchased a foreclosure from a bank. It was a weird closing that took place at this creepy lawyer's office. When I got there, he wanted me to clos...
Danny Lee
Fired contractor and need advice
Hello, we had hired a contractor back in September to gut and renovate our 3 bathrooms and kitchen, as well as apply 600 sq ft of flooring. The contract stated timeline is an estimated 8-10 weeks. As of January, we ba...
Ashley Hughes
Shady property manager - Need advice on what to do
I own a duplex and I have a property manager because I live out of state. Last January I had a call with my tenant to ask her some questions about her unit. We chatted about that and then she goes on to tell me that...
Nathan Gesner
Are property inspections/registration required in your market?
This is not uncommon for vacation rentals, but now cities are starting to enforce it for long-term rentals. Has this happened in your area? Do you think it's a good thing?https://triblive.com/local/wes...
Josh Thompson
Flip near train station to NYC
There is a single family home for sale around the corner from the train station in Rahway New Jersey. It has been on the market for several months and the price has been reduced by $20,000 to $78,000. Based on the pic...