Sid Montero
Newbie Purchasing Tenant Occupied SFH
>Do I get the deposit the tenants gave the present owner at my closing or do I have to request a new deposit?> I plan on raising the rent by $100. Even that is under market value. Do I let them know now before ...
Kevin D.
Forming a Simple Trust
Four of my properties (8 units) are in one LLC and my accountant advised me that being a single member of the disregarded entity is not the best idea. I talked to my attorney and he is forming a simple trust where I ...
Andrew Merritt
Working w/ wholesaler and real estate agent?
Is it OK/ethical to work with both a wholesaler and a real estate agent at the same time? I've been working with a real estate agent for a little while trying to find my first deal and I recently got in touch with a ...
Daniel Johnson
Reverse condo conversion?
I have a property under contract, which is 4 condos, all in the same building, as separately deeded units. This building is the only set of condos that was developed in the late 80s. Later on, the developer took the r...
William George spear
Renting to non citizens
We are 2 years into rentals and are considering renting to a spanish couple that have been here over 20 years, have fin numbers and are gainfully employed. The husband has applied for a green card. the wife has not. W...
Alice Ward
What is your take on undocumented folks as investors?
I speak six languages, Portuguese being one I am very fluent. I get approached by undocumented Brazilians all the time trying to find a way to invest. What’s your take on it? Is it possible? Are they simply processed ...
Ian L.
EB2 Visa for Canadian through buying short-term for AirBnB rental
I was wondering if it's possible to buy a vacation rental, say in Palm Springs or Maui, with ultimate goal to actively manage it on the ground in the USA and get EB2 visa. EB2 is normally granted if you invest over 10...
Margharita Silva
Interpreting Transunion smart move
The tenant is making 2 K on an internship and the parent (guarantor) is not established in the US well enough with his credit/employment/rental history. He has only been in the US since 2021. He has 170K income (state...
Alan Howard
Is it best as an LLC to be taxed as a partnership or s corp?
Hi BP family, what is the best taxation status for an LLC with 2 members, s-Corp or partnership?
Farzan Setayesh
Unpermitted garage conversion to ADU
Hello. An off market deal has been offered to me. It is a 2 car garage conversion to an ADU without permit. It has been rented for the last 8 year. How can I get a permit? Consequences not getting a permit and keep re...