Frank Jiang
Just closed my first SFR Rental deal! Looking for accounting software.
Hello BP,I have been a reader of the site for quite some time but I have not yet posted. This week, my wife and I closed on our first deal: SFR in Memphis, TN with a 2-year lease tenant already in place.In my day job...
Megan Brooks
COVID mortgage deferral or forbearance
I requested mortgage assistance through Chase due to the uncertainty of coronavirus back in April. I have made all payments on time but "deferred payments" were reported to the credit bureaus; I found out because I'm ...
D Mack
Seller wants to avoid an audit!!!!!
Im in the process of getting a duplex under contract. The home owner and I agreed on a price of 25,000. But he says he wants his money in 3 separate checks (9k, 9k, 7k). He says he wants it this way, so he's not audit...
Dan Gitter
Non-responsive HOA not following bylaws but placed lien on home
Apologize in advance for long-winded post but am feeling a little robbed and looking for guidance. I am currently involved in a dispute with my HOA over past-due payments. A little over a year ago I reached out to t...
Nicole Graziano
Tax's: negative income made on flips
I flipped 2 houses w a partner. 1st house was a loss of about 60k ea! (120k total)2nd house we are making a profit of 120k but this "profit" would literally pay us back for our initial investments into our LLC togeth...
Deborah R.
rental applicants with bad credit -give them a chance to explain?
I am managing our first property by myself for the first time. I am doing it "by the book" - Brandon Turner's book. Rent is $1500/month for this SFH. I have two applicants (single mom and a couple) who seemed grea...
Smrithi Shashidhara
Visio lending rental loan might get reported on personal credit f
Hi We were about to lock in a loan with visio lending for a short term rental(airbnb) investment property and the loan agent mentioned. The intent to go with them was to make sure we this deal doesn't affect our perso...
Mohammed W.
Selling a home currenly on mine and my brother in laws name
I currently have a rental property on mine and my brother-in-laws name that has appreciated about $50,000. I'd like to sell it and roll the proceeds into another rental property which would go on mine and my wife's na...
Paul M.
Cost segregation actual examples
Can anyone provide or direct me to actual examples of residential cost segregation studies? EG that would show how much was paid for property and a complete breakdown of what was put in each bucket. I'd love to se...
Brian Birch
Inspection for 20 unit multiplex
How do you go about inspecting a 20 unit multiplex before purchasing? Is it useful to get a professional? How much should it cost? What should they look for? Thanks