Benjamin Greene
Loan officer messed up?
Hey guys I'm not sure how to handle this situation. Monday I'm closing on my first rental property. I'll be profiting $1000 each month after expenses. I'm super excited. The problem comes with the rental property my s...
Raymond E. Hopkins
IN A WORLD OF APPS; WHAT ARE YOUR FAVORITE APPS FOR REI?
In a world of APPS; what are some of your favorite apps for REI? I just purchased an IPAD for business purposes (tax write off). I have the MLS listing apps; such as Zillow, Trulia, and Redfin. I also have heard of...
Bryan Hancock
"Good Funds" At Title
We've been purchasing a lot of product lately on short contracts to be competitive in the Austin market. A closing we had recently got a bit chippy and the title company the seller selected failed to tell us we neede...
Greg Ford
Can I use 100% Bonus Depreciation as alternative to 1031 Exchange
Need some help with tax math here. Wondering if this is a viable alternate strategy to a 1031 exchange? Here are the specifics:I'm getting ready to sell a rental property (Property A) for about $6.5M next month ...
Stephanie Iken
Trying to buy my first income property
My partner and I have been talking about becoming landlords for well over a year now. It was always sort of an “idea” in the back of our minds but then sometime in April we became really serious about it. We started l...
Josh Gregory
Avoiding capital gains through buying rentals?
I buy and flip houses as well as by rentals throughout the year. Currently, I am set up under two separate LLCs for protecting my rentals in case I get sued over a flip. However, I have been thinking… If I flip house...
Kerry Smith
What would you do...? (Advice Welcome)
Hello everyone! Before I start, I'd like to say thanks to the BP crew and the tremendous community you've built here! Honestly, the last 4-weeks on the site has been nothing short of life changing...
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Leslie A.
First Rental
I know it isn't a popular option on here, but I just bought my first rental. We shall see how it goes. Actually, not even a mobile home. It's a travel trailer. Will be renting for $650 a month less $260 lot rent.
Tandi H.
Problem tenant demands to speak to my attorney, how to respond?
We recently purchased a property with two inherited tenants. One of them is a "problem tenant". The previous owner said they were going to terminate the month-to-month lease if they hadn't sold the property to us. ...
Jonathan Davis
45yo (2) Kids, OK credit, and $1000 in the bank. Where to start?
Hello all. My family and I have had enough of getting ahead just to get knocked back down. We are ready to start seeking a 2nd string of income that can help us weather the bad luck. Both of us have good jobs and thin...