Alex Corbishley
Gifts for tenants this year
This year more than ever we thought it would be appropriate to give something to our tenants. If you paid on time all year and had been with us since Dec 2019 we gave them $100 gift card to a local business. Half th...
Matt Madar
Being a Good Landlord and Doing Your Due Diligence
I bought my first duplex (owner occupant) last July, and upon purchase inherited a "bad" tenant. Upon purchase she had also not paid July's rent, so the previous landlord told me that I could collect it after closing ...
Joey C.
Using other peoples money for down payment.
Hello everyone. So I'm looking at a town home 2/1, 975 sq ft, central air, 1 level end unit in Connecticut for 59K. I put in an offer today for 50K. I have an interesting situation here and hope some of you can give a...
Faustin Hoover
Professional vs friendly landlording.
I'm sure most of you prefer to keep your relationship with tenants professional. Kind of a dumb question but I was just curious as I am working on buying my 1st one. On a major holiday like Christmas for a lot of peop...
Patrick Britton
When providing a referral to a valued client, never do this:
Recently, I asked a "vendor" with whom I've had a professional relationship for 4 years for a referral to a real estate agent, because the previous two I had were idiots. He gave me a brand-new rookie, fresh out of l...
Tommy Ostendorf
Transfer Ownership to Child After 1031 Exchange
A family recently sold a duplex and purchased a new duplex using a 1031 exchange. They would like to transfer ownership of this new duplex to their son. Would this affect the validity of the 1031 exchange and theref...
Pedro Lopez
90k in equity on my first single family home, what next?
Hey everyone! Ive been listening to BP podcast for a few months now and am in what I believe should be a perfect opportunity to take my first step towards financial freedom! I am in the suburbs just north of Chicago.T...
Burt McCarroll
New and Eager Investor in New Jersey
My name is Burt McCarroll and I am a recent graduate from the US Merchant Marine Academy. I work as a marine engineer but looking to dive into the world of real estate investing. Now that I have graduated from the aca...
Brett Hannon
Purchasing a home from a family member
Hey BP! I am looking to purchase a house I have been renting/house hacking from a family member. The house was in very rough shape so I renovated it prior to moving in seven years ago. Through the last seven yea...
Roy Mitle
lease agreement
How does one get a copy of the lease agreement you get signed with the renters. Something which is skewed towards landlords while still being legal. My realtor gave me a typical landloard from form california realtors...